Consolidating cooperation CEIBS and Philips - Annette Nijs

Annette Nijs

Executive Director Global Initiative of the China Europe International Business School (CEIBS) Annette Nijs led earlier this week a signing ceremony for a partnership between her school and the Dutch multinational Philips, a partnership focusing on health care and innovation.
From the CEIBS-website:

Annette Nijs called the event a "very special moment for us, because CEIBS and Philips have had a close cooperation since the start of CEIBS with the Philips Chair in Marketing, the Philips Chair in Human Resources, and the donation of lighting solutions for the original Shanghai campus." During the past 16 years, Philips has recruited more than 25 CEIBS graduates, and has sent dozens of its employees for training at CEIBS Executive Education programs. She added that the new partnership will develop a number of joint projects showcasing health care and innovation, including roundtable discussions, research and case studies, internships, classroom presentations, and more.

Annette Nijs is a speaker at the China Speakeers Bureau. When you need her at your meeting or conference, do get in touch.

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• Economy needs a slow-down for repairs - Wang Jianmao (chinaherald.net)

Economy needs a slow-down for repairs - Wang Jianmao

CEIBS in Shanghai via Wikipedia

China's economy needs a slow-down to repair its engines, says CEIBS economist Wang Jianmao in IPSnews, to get its three engines fixed, consumption, investments and export. "The government is too much focused on speed."

Just as a ship needs to slow down in order to repair its engines, our economy needs to slow down if it wants to tackle structural problems which endanger future growth." 

There are different economic engines, like exports, investments and consumption. "The vital engine of consumption, however, is not working in China. If we delay repair the other two will stop at the same time. Not a single country can sustain growth when its economy keeps growing with double- digits."

More than 50 Chinese companies have now entered the Fortune-500 list, but that is not necessarily good news, the economist says:

"That doesn't mean they are productive", says Wang. "They have had access to unlimited amounts of cheap money. The interest rate for them has been lower than inflation. They keep on investing up to the point of serious overcapacity, which has a negative effect on both the returns and the prices. In other words, they waste people's money." 

Big profits without adding value and creating jobs is a bad strategy for a country that urgently needs more consumer spending, says Wang. "Labour income as a share of gross domestic product has been declining for years. Instead of supporting capital-intensive industries, we need small and medium enterprises, in order to create labour-intensive jobs, up the value chain. We have the world's largest market for luxury cars, but at the same time too many people earn just the minimum wage."

More at IPS News.

by Fantake via Flickr

Wang Jianmao

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Wang Jianmao is a speaker at the China Speakers Bureau. When you need him at your meeting or conference, do get in touch.

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More education not always better - Bill Fischer

Bill Fischer by Fantake via Flickr

Getting more patents and PhD's are not the ways to improve education, writes IMD professor Bill Fischer in Business Week. Getting faculty in with business experience is more important to improve the now lagging education in China.

IMD's 2010 World Competitiveness Yearbook reports that China's education system has been in decline since 2007 in terms of how well it meets the needs of a competitive economy, presently ranking 44th out of 58 countries—below countries such as Greece (43), Kazakhstan (35), and Qatar (14). Finland, on the other hand, which ranks 1st in this category, is a notable reference point that people speak about with respect to how its educational offerings in engineering, technology, and innovation are having a direct impact on the economic vitality of the country. Do you ever hear the same about China?

If pushing out more graduates, patents and PhD's does not help, what is the problem, according to Bill Fischer?

During my sojourn in China as an academic and as president and dean of the China Europe International Business School, I was frequently struck by the thought that China's scarcest resource might just be "practically experienced" university faculty. Far too many of the Chinese professors I observed in other schools (CEIBS insisted that any faculty had the ability to interact competently with executives) had never actually worked for a living; they were lifelong academics, and everything was "theoretical" for them. This simply does not work if the goal is to transform new ideas into practical solutions. And it is particularly devastating if we are speaking about business schools and their role in preparing a "managerial class" for competing on the world stage.

More in Business Week, where Bill Fischer explains this is not only a problem in China.

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What can Europe learn from China? - Annette Nijs

Annette Nijs by Fantake via Flickr

What can learn Europe from China? That challenging question only comes to life when Annette Nijs, Executive Director Global Initiative at China Europe International Business School (CEIBS), takes the stage, about 20 minutes into this report of the European Business Council. She pleads for more influence from the European governments to steer the economy in the right direction. Not everybody agrees.

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Annette Nijs is a speakers for the China Speakers Bureau. When you need her insights at your meeting or conference, do get in touch.

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All is not yet well for China's economy - Wang Jianmao

Wang Jianmao Fantake via Flickr

Economic growth seems to be on track and China has passed Japan as the second largest economy in the world, still stiff measures from the government are needed to avoid a second dip, warns CEIBS economy professor Wang Jianmao in CIB-magazine.
Historical statistics on economic growth have been quietly adjusted again, suggesting  the economy was severely overheated just before the global financial crisis took off, showing a seriously overheated economy, writes Wang Jianmao.

The best scenario of proactive adjustment is a U-shaped process of maintaining a moderate growth rate of 7-8% during 2010-2012 and then returning to the potential growth rate of about 9% in 2013. The worst scenario of reactive adjustment is a W-shaped process of propping up double-digit growth until 2012 and then unavoidably diving for a second dip below 5% or even 4%. 

The decision-makers in China should remember the lessons of reactive adjustment and hard landings of the past. China's economy experienced full-blown overheating during 1984 and 1985, with actual growth rate significantly higher than the potential one. After attempts at cooling the economy, the growth rate dropped to 8.8% in 1986, down from 13.5% in 1985, which was similar to the recent shrink in the growth rate from 14.4% in 2007 to 10.2% in 2008 and to 9.1% in 2009. However, the adjustment efforts taken then were not seen through to the end, causing the growth rate to rebound to 11.6% in 1987 and 11.3% in 1988. Then, a second dip became unavoidable and China eventually plunged into a hard landing with a growth rate as low as 4.1% in 1989 and 3.8% in 1990. 

Since China plays a prominent role in the global economy, a second dip of the Chinese economy would mean a second dip for the world. Therefore, a "slow" U-shaped recovery of the Chinese economy should be interpreted as a positive sign indicating that China is moving along the right path. A quick V-shaped recovery is only possible for those countries not severely burdened by flawed development models. Unfortunately China does not belong to this group.

More in the CIB magazine

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Professor Wang Jianmao is a speaker at the China Speakers Bureau. Do you need him at your conference or meeting? Do get in touch.

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2010: the year of shifting gears - Bill Fischer

Bill Fischer by Fantake via Flickr

IMD-professor, and former CEIBS dean, Bill Fischer, describes on his weblog the fast changing speed in China's development. While China has made huge steps forward, at the end Fischer still sees huge barriers to real change in China:

The conundrum underlying all of this is that there is lots of creativity in China today. The art scene; fashion; sculpture; music; cinema. China is awash with creativity. But, if you look closely, what you see is that this innovation is individual innovation, not organizational innovation. What sets the eBays and Amazons and Apples apart is that they are all “organizational” innovation. The iPod experience could not have been designed by one person; it needed a team, and a diverse team at that. Same is true behind most of the big innovations of recent times. Yet, what is it about Chinese organizations that they turn out to be so much less innovative than the sum of the people who are brought together under that organizational structure? Is it that the command & control approach to management which has characterized thousands of years of Chinese history is still hard to break? Or, is it Confucian respect for hierarchy and relational prerogatives? Is it not enough trust; or too much trust? Is it not enough diversity? Or, is it something else?

More at this weblog with a too long name.

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Bill Fischer is a speaker at the China Speakers Bureau. When you need him at your meeting or conference, do get in touch. 

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