Introduction

Richard Li-Hua
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Richard Li-Hua: SIAS International University

Chapter 1 in Competitiveness of Chinese Firms, 2014, pp 1-23 from Palgrave Macmillan

Abstract: Abstract The twenty-first century is an era of contending, an era of much reflection and re-thinking, and an era that calls for great wisdom and great strategy. In the last 35 years, the world has changed dramatically, especially between the West and East. The start of China’s economic reform and opening to the outside world in 1978, the collapse of the former Soviet Union in 1991, and the burst of the financial bubble on Wall Street in 2008 have all been combined with 35 years of great rejuvenation of the Chinese nation. These events changed the world and subverted people’s thinking, and made a huge impact on their judgment. The things that people believed in the past to be right have changed and so too have the things they thought to be wrong. In particular, East and West are facing different challenges. Great wisdom and strategy are required to deal with these challenges. What is the wisdom and strategy? This book argues that it is “West meets East”— an integration of Western management with Eastern philosophy.

Keywords: Gross Domestic Product; Strategic Management; Innovation Strategy; Chinese Firm; Intellectual Property Right (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30930-3_1

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DOI: 10.1057/9781137309303_1

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