To Be a Visionary Executive: A Perspective from a Guangdong Executive

Linhai Fang

Chapter 10 in China’s Economic Powerhouse, 2003, pp 186-207 from Palgrave Macmillan

Abstract: Abstract Since the late 1970s, China has instituted an open-door policy which has led to the profound transformation of China’s economic system and structure. A socialist market economy that is much more market-driven has replaced the traditional planned economy. Furthermore, China is working rigorously to expedite the process of integrating with the world economy, by taking such actions as joining the World Trade Organization. The advent of the Internet and electronic technology has given rise to the new economy, speeding up the process of globalization. Internal reform and external push have completely altered China’s business environment and competitive landscape. Chinese businesses are not domestic any more, but becoming truly global. As a result, Chinese corporate executives confront the toughest challenge ever to battle against the competition. At the same time, with the help of new technologies they enjoy a rare opportunity to catch up with their counterparts in the more developed countries.

Keywords: Business Ethic; Foreign Direct Investment; World Trade Organization; Strategic Management; Corporate Culture (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50866-8_10

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DOI: 10.1057/9780230508668_10

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