Emerging from the shadows: The new Chinese giants aiming to unseat Alibaba and Tencent

Given Alibaba and Tencent’s market power and reach, it is hard to imagine competitors beating them. Indeed, the B in the oft-mentioned BAT, Baidu, has struggled to keep pace with its larger rivals. Is there life beyond Alibaba and Tencent? Can a new generation of entrepreneurs convince Chinese consumers to utilize new services and platforms? The new kids on the block are growing up quickly.

Read More: IMD Research & Knowledge

How Chinese companies are reinventing business

Chinese corporations are leading the way in developing new strategic frameworks that are ideally suited for the unstable digital age. Faced with a silo mentality, a lack of agility, attachment to the status quo, innovation paralysis, and all the downsides of traditional organizations, Chinese companies have frequently managed to successfully reformulate their organizations. Consider three successful Chinese organizational models: Xiaomi, Haier, Alibaba.

Read More: Dialogue Review

Strategy implementation: The Chinese way

China is well known for visionary strategy making. Sun Tzu’s Art of War describes succinctly how to strategize a war, the Chinese government is a master of five-year strategic planning for a country of 1.4 billion people and China boasts numerous visionary entrepreneurs such as Zhang Ruimin, Jack Ma and Lei Jun. But, it is not the visionary strategy making that sets China apart. It is the pragmatic approach to strategy implementation that is worth investigating. Chinese companies have frequently managed to successfully reformulate their organizations and strengthen organizational cultures to facilitate strategy implementation.

Read More: The Chief Strategy Officer Playbook

FAANGs vs BATs: the US and China battle for tech dominance

The US and China are caught in a technological arms race, with companies on both sides investing heavily in cutting-edge solutions. Whichever superpower comes out on top could dominate the global economy for decades to come. Although the casual consumer in the West may not have heard much about Chinese businesses Baidu, Alibaba or Tencent (BATs), the Silicon Valley heavyweights of Facebook, Amazon, Apple, Netflix and Google (FAANGs) are certainly aware of them. Often categorised as FAANGs versus BATs, the battle for tech supremacy between the US and China will have ramifications that extend far beyond the businesses that are directly involved. The winner will not simply claim the economic spoils, but the ideological ones, too.

Read more: The New Economy

Public-private collaboration drives China’s industrial IoT innovation

The industrial internet of things is the key to China’s future economic growth. Rising labor costs, an aging population, hypercompetitive markets and widespread environmental challenges require industrial solutions that both stimulate economic growth and support the sustainable development of China’s economy and society. The Made in China 2025 strategy re-emphasized the critical role of manufacturing in China’s economy and the need to fully integrate informatization and industrialization.

Read More: China Daily

Be curious

China staat voorop in innovatie. Deze Aziatische grootmacht holt het Westen razendsnel voorbij. In technologie, maar ook in slimme services. Westerse ondernemers zien dit en pikken graag een graantje mee. Maar hoe doe je dat eigenlijk, als Westerling succesvol ondernemen in China? Mark Greeven, professor, auteur en spreker op het gebied van innovatie en ondernemerschap in China, doet een boekje open. Voor jou: dé handleiding voor succesvol ondernemen in China, in een notendop.

Read More (in Dutch): Bloovi

Philosophy@Work – Thinkers50

Happy to be making my contribution to Philosophy@work (www.philosophyat.work) by @Thinkers50 and @AndersIndset. This will be Smörgåsbord of interesting insights to encourage and enable people to make use of philosophy in business. 50 reflections on practical philosophy from the world’s leading thinkers.

Check out the book here: www.philosophyat.work

#Philosophy #PhilosophyAtWork #Leadership #Management #Business #thinkers50 #PracticalPhilosophy #book

A mandarin narrative

Understanding the China effect on global innovation will be essential for companies that wish to compete in China, take advantage of China’s innovation capacity, and adopt Chinese approaches to innovation to improve their own performance. The overall effect is that more innovation will originate in China—from both Chinese and global companies—and more companies would adopt the Chinese style of innovation. What has helped many Chinese firms make remarkable strides—not just in the realm of innovation—is their swiftness in reformulating themselves, eschewing hierarchical structures, and adopting a customer-centric approach. Alibaba’s value-driven rather than control driven management and Xiaomi’s iterated development and quick upgrading of products are based on the logic of experimentation and quick learning cycles.

Read more: The Smart Manager