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Title: Fortune Makers
Subtitle: The Leaders Creating China's Great Global Companies
Author: Peter Cappelli, Habir Singh, Michael Useem, Neng Liang
Narrator: Jeff Cummings
Format: Unabridged
Length: 9 hrs and 10 mins
Language: English
Release date: 03-14-17
Publisher: Brilliance Audio
Ratings: 5 of 5 out of 5 votes
Genres: Business, Leadership
Publisher's Summary:
When Peter Drucker wrote Concept of the Corporation in 1946, he revealed what made the large American corporation tick. Similarly, The Art of Japanese Management by Richard Pascale in 1981 explained the unique practices developed by the Japanese to bring that country's economy out of the ashes. The emerging Chinese juggernauts - the Alibabas, Lenovos, and Haiers - need similar revelation since they are a different breed in their own right. Little is understood about them, how they work, and what makes them such potentially imposing competitors.
Now, based on unprecedented access to the people who have created and grown the great private companies of China - the "General Electrics and Sonys" of that country, Michael Useem, Harbir Singh, Peter Cappelli and Neng Liang bring to life the distinctive practices of Chinese business leaders as they invent their own way forward to create world-class companies, and provide a comprehensive look at the leaders and businesses that are the future of the Chinese economy - and major competition to Western companies.
Chinese companies are emerging on the global stage as never before, and their leadership lessons are invaluable in understanding and coping with their growing commercial presence worldwide. Company managers everywhere will want to understand China's distinct way of doing business if they are to compete against the companies that already dominate the domestic Chinese market and are coming to the fore in foreign markets, including the U.S.
Members Reviews:
How China has used capitalism to pull 600 million people out of poverty and will soon become the largest economy in the world
Michael Useem, Harbir Singh, Neng Liang, and Peter Cappelli have made an immense contribution to a long-overdue understanding and appreciation they refer to of what they characterize as âthe most remarkable development of the modern era.â More specifically, those who created Chinaâs great companies âhave used capitalism to pull 600 million people out of poverty and [China] is on track to soon be the largest economy in the world. It is an astonishing turn of events.â
They go on to point out, âThe growth and ascendance of Chinese companies are products of the strategies and leadership of those who created, built, and now manage those enterprises. The invisible hand of the market conditioned their goals and decisions, but their actions have constituted a strong visible hand. We want to understand that visible hand, how they direct it, what they want from it, and where it is taking their enterprises.â
What is âThe China Wayâ?
Useem, Singh, Neng Liang, and Cappelli focus on companies that include Alibaba Group, Geely, Haier, Huawei, Lenovo Group, Vanke Group, and Xiaomi. They examine seven distinguishing features among the leaders who have created Chinaâs great global companies:
1. Their Own Way Forward: Without precedents. âby finding and fashioning their own way. the founders put their own unique imprints on their enterprises.â
2. The Learning Company: âChinese executives have carried their own learning experience into the firm. They have insisted that their company be a learning organization with greater zeal than is common in the West.â
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