Until recently, China had largely fed itself. Yet now the tables have turned, transforming China into the largest food importer in the world. Changing food consumption patterns in China have seen increasing demand for foreign consumer food brands outpaced by even faster growth in demand for imported agricultural products and feed stocks. This has happened despite a continuing stated policy goal of food self-sufficiency. The result has been an evolution in land use within China, greater integration of Chinese state-owned enterprises (SOEs) in global wholesale markets and a subtle shift of emphasis away from self-sufficiency within China, towards prioritizing the security of the Chinese supply chain.
An underdog in an industry dominated by giants, sportswear brand Under Armour recently pulled off a growth miracle by increasing its quarterly revenues more than 20% in 21 consecutive quarters. The 19-year-old Baltimore, MD-based company surpassed its German competitor Adidas last year in sales in the US, only trailing Nike in the world’s largest sportswear market. And now Under Armour trying to replicate its success in global markets, especially China. What does it have going for it in the world’s second-largest consumer market?
We make assumptions all the time. Think of the time when you met someone new. Or when you had to negotiate a deal with a company. That’s just how our mind works. We only have a certain amount of hours in a day, but we more crucial decisions to make, with more unknowns. And so we start using assumptions as short-cuts in decision making. Andy Cohen, propagator of the ‘Assumpt! Strategy’, believes that assumptions are neither good nor bad. We must acknowledge their existence and learn how to leverage them.
Over the past 30 years Haier CEO Zhang Ruimin has led the company through several path-breaking business model changes, which have helped the company build a strong brand, grow both organically and through acquisitions, globalize and “get close to the customer”. Zhang is now leading the company through yet another transformation to make it what he calls an “internet-based platform company” made up of extremely responsive micro-enterprises. For the closest parallel, think of a Silicon Valley within a company. In this rare interview, he talks about his management philosophy.
China’s DJI holds a commanding lead in the red-hot consumer drone market. Can it maintain that?
Can China become a global leader in the Internet of Things?
With companies like Baidu, Alibaba and Tencent branching out into new areas, China is witnessing the rise of a new breed of digital conglomerates.
Companies are abandoning the age-old tradition of the annual performance review. What can possibly replace it
Wang Jianlin’s sprawling business conglomerate, the Dalian Wanda Group, has its fingers in many pies: from real estate and retail to sports and entertainment.
There are stark regional disparities between the inland and the coastal regions in China. Can the less-developed regions ever catch up with the coast?