The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy

by Edward Tse

Overview

No major enterprise or financial institution can avoid doing business with China — if not directly, then through myriad hidden connections. Global businesses either use Chinese resources or sell to and in China or compete with companies that do.

Because there's no avoiding China, business leaders need a framework that orders the different (and seemingly contradictory) streams of data that hint at its future. That framework is The China Strategy.

In this invaluable book, Edward Tse explains the ever-changing nature of China's business environment, its increasingly complex relationship with the rest of the world, and the global business implications — not just for our current environment but for the next decade.

Change, Tse argues, is taking place in non-linearly. Some dimensions (like Chinese entrepreneurship) are expanding exponentially, while others (like the value of China's labor arbitrage) may be reaching a plateau. Eschewing easy explanations, Tse shows how to build and execute a global business strategy in light of these changes, offering practical advice amidst a sea of simple books that offer too-quick solutions.

In a world in which a successful business strategy means a successful China strategy, this book is uniquely positioned to help business leaders navigate the &"country that cannot be ignored."

Product Details

ISBN-13:	9780465029068
Publisher:	Basic Books
Publication date:	08/07/2012
Edition description:	First Trade Paper Edition
Pages:	272
Product dimensions:	5.62(w) x 8.06(h) x 0.72(d)
Age Range:	13 - 18 Years

About the Author

Edward Tse is Chairman of Booz & CO., Greater China (Shanghai, Beijing, Hong Kong and Taipei), with more than twenty years of management consulting and senior corporate management experience. He has also been a Business Strategy Expert for Chief Executive China for over ten years, as well as being a member of the Consultative Editorial Board of Harvard Business Review Chinese Edition.

Tse is a frequent speaker on Greater China's business and regulations at business conferences and government forums, and a prolific author of articles on China. His book on Chinese enterprises, Direction, was published in Chinese in October 2007.

Table of Contents

Foreword to the Paperback Edition ix

Chapter 1 The Country That Cannot Be Ignored 1

Chapter 2 Open China 27

Chapter 3 Entrepreneurial China 55

Chapter 4 Official China 89

Chapter 5 One World 113

Chapter 6 Vision 137

Chapter 7 Versatility 167

Chapter 8 Vigiliance 195

Epilogue The Chinese Renaissance 217

Notes 223

Acknowledgments 231

Index 235

Editorial Reviews

Tse, chairman of Booz & Co., Greater China, offers a comprehensive and worthwhile roadmap for doing business in China, a burgeoning market that can't be ignored. Tse argues convincingly that even companies that are already successfully doing business there will find themselves inadequately prepared for the new China, which is generating great scale change. Business leaders around the world who want to be successful will need a new strategy, which includes devising a long-range development plan for doing business as a global enterprise in which China is a central and integrated component. Tse shows how China has restructured its entire economy within the past few years and offers a holistic, invaluable view of the Chinese business environment, looking at consumers, competitive enterprises, the government, and more. Given the great complexities of the Chinese market, the wealth of knowledge Tse imparts will be indispensable to executives looking to enter in the Chinese marketplace.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Publishers Weekly

Shumeet Banerji, CEO, Booz & Company Inc.
“The Chinese market will one day become much bigger than any market that exists today. The Chinese population will also one day become well educated and sophisticated, taking the best from all the cultures around the world and avoiding the mistakes made by today's advanced economies. In each industry in China, the winner most likely will be someone who can integrate best practices from around the world and innovate to meet the constantly evolving needs of Chinese consumers. All business models will have to be reinvented here. Read The China Strategy and you will understand.”

Dinesh C. Paliwal, Chairman, President and CEO, Harman International
“China is a country that has consistently surprised those who try to manage from afar. It is a marketplace that must be experienced first-hand. Too many CEOs and companies are still in denial of China’s role as the single most important link in a new global business paradigm. Ed Tse’s insightful book should be a wake-up call for them even as it serves as an important checklist for even the most seasoned China veterans. China has proven that its force is inescapable, and The China Strategy is a ‘must read’ for those who have the courage to climb aboard. I wish I had this book 15 years ago!”

Douglas A. Jackson, President of Coca-Cola Greater China
"In The China Strategy, Edward Tse pulls together observations that have previously been handled separately—on Chinese markets, entrepreneurs, government trends, and the ever-more-integrated global economy—and combines them into a viable strategic plan for corporate leaders everywhere. I recommend this book for anyone trying to build a business in China—or to make that business successful."

Anil K. Gupta, Michael Dingman Chair in Global Strategy and Entrepreneurship, Smith School of Business, The University of Maryland, and coauthor of Getting China and India Right
"Edward Tse is one of these rare people who deserve to be called an expert on the Chinese economy. The China Strategy should be at the top of the reading list for anybody interested in how companies should engage with and leverage the rise of China."

Warren K. Liu, author of KFC in China: Secret Recipe for Success
“The China Strategy provides a gripping, strategic examination of the dynamically evolving context of China, and the key players surrounding it. It contains a wealth of experiential knowledge, deep analytical insights, and broad strategic vision. Business leaders of multinational companies with a stake in China will benefit immensely from this book.

From the Publisher