RoBe in Shanghai: The Asian Way of Doing Business
“As the Italian renaissance triggered a European renaissance, today’s renaissance of China is potentially a catalyst for a global renaissance.”
This was the farewell quote from David Gosset (expert in international relations and founder of the Europe-China Foundation) after having spent an interactive morning with our Executive MBA students, the U.S. class and alumni on the 64th floor of a central hotel in Shanghai.
Last week, Rochester-Bern conducted the yearly seminar on “Management in transition economies” with Prof. Dr. Filip Caeldries (TIAS School for Business and Society, Tilburg University) leading through the program. The week consists of academic insights, guest speeches and company visits with factory tours and senior management exchanges.
Together with experts from different fields our group exchanged about the Asian Way of Doing Business. But which challenges is China facing today? In short:
- China's history: political and cultural dimension
- Economic structure: rebalancing the economy
- Income disparities
- Macroeconomic stability
- Trade conflict US-China
- The changing competitive strategies of Chinese and foreign firms
- Labor cost and labor protection
- Demographic challenges (China's ageing problem)
- Political reform