Chinese Business Leaders Take a Different Path to Power
The Financial Times recently wrote an article about the non-traditional path many Chinese executives take to power. In my book, China Goes West: Everything You Need to Know About Chinese Companies Going Global, I explain how true this observation really is. The resumes of most Chinese executives do not contain decades of experience working for blue-chip Western multinational firms or experience attending top-tier international MBA programs. While the next generation of Chinese executives will have significantly more international business experience, it may surprise you to learn about the non-traditional career paths that many of China’s most successful business leaders have taken.
The US-China Business Council recently published a chapter excerpt from China Goes West in its China Business Review on this topic. The chapter is about Chinese outbound mergers and acquisitions, and it describes the path Li Shufu, the founder of auto firm Geely, took to acquire Volvo cars. In the CBR article you will read about how a home appliances entrepreneur, with just a high school diploma, built one of China’s largest automotive firms that went on to acquire a household luxury automotive brand. Early on in his career Li was famously quoted saying that a car is simply “four wheels and three sofas—how hard could it be to produce?” Enough said.
Click on the following link to read the full excerpt on the China Business Review.