National University of Singapore
NUS Business School
MNO3313K – Topics in Management and Organisation: Managing the China Venture
Semester 1, AY2013/14
Management & Organisation
Professor Audrey H. H. Tsui
This module aims to expose students to the new role China plays in the global political/ economic scene and the market opportunities China offers to business investors worldwide. China went through multiple stages in its nation building. China’s enduring economic prosperity since 1978, its growing influence on global issues, and its endorsement of a socialist market economy, have in combination offered an alternative model of development that differ from the long-held belief in free market system of the western world. In recent years, China reiterates its aspiration of a peaceful rise and has participated actively in various global organizations to facilitate a peaceful and sustainable development of the world community. Since 2008, the rising sovereign debts and huge unemployment rates of the developed world have placed higher pressure on China to spend and to take on higher responsibilities as an emerging world power.
This course also addresses some recent changes in China’s political/economic domains. As illustrated by the country’s 12th Five Year Plan and some government initiatives introduced since the 18th CCP Party Congress, China is developing new strategic plans for a more balanced growth with long-term sustainability. China is introducing major economic restructuring that targets at higher value-adding manufacturing, grooming of Chinese multinationals and incentives for bigger domestic consumption. Greater emphasis will be directed to develop China’s inland and rural provinces as new frontiers of high growth potential. The move also represents a strategic push of the government to narrow the gap between the rich coastal residents and the poor inland inhabitants. The newly elected central government has openly announced its increased attention on people’s livelihood and its serious fight against corruption.
The module will then focus on some major management challenges facing business executives in China. As operation costs increase and competition intensifies, many Chinese enterprises are venturing inland and/or overseas to explore new markets, to tap on scarce resources, and to acquire technology or know-how fruitful for their operation upgrading. Foreign investors, too, have to explore beyond the traditional urban markets in China. Discussions will address their glocalization efforts that include their choice of suppliers and venture partners; creation of distinctive products and appealing brands; development of distribution network; monitoring of business risks; and management of human capital.
1. C. Fred Bergsten, Charles Freeman, Nicholas R. Lardy and Derek J. Mitchell. China’s Rise: Challenges and Opportunities, Washington DC: Peterson Institute for International Economics, Center for Strategic and International Studies, October 2009 2. Jean-Paul Larcon (Ed.) Chinese Multinationals, New Jersey: World Scientific, 2008 3. Lowell Dittmer and George T. Yu (Ed.) China, the Developing World, and the New Global Dynamic, Boulder, Colorado: Lynne Rienner Publishers, Inc. 2010 4. A compilation of journal articles and published reports of relevance to the course themes.
5. Antoine van Agtmael. The Emerging Markets Century: How a New breed of World-Class Companies is Overtaking the World. New York: Free Press, 2007 6. Henry Kissinger On China. Penguin Press HC, 1st Edition, May 17, 2011 7. Richard Mc Gregor The Party: The Secret World of China’s Communist Rulers, Penguin Books, 2010
The class sessions will be highly interactive in nature. Students are held responsible for their own...
References: 5. Antoine van Agtmael. The Emerging Markets Century: How a New breed of World-Class Companies is Overtaking the World. New York: Free Press, 2007
7. Richard Mc Gregor The Party: The Secret World of China’s Communist Rulers, Penguin Books, 2010
Zhao Yinan, “Vision for the Future”, China Daily, November 16, 2012
Lowell Dittmer “China’s rise, Global Identity, and the Developing World”, in Lowell Dittmer and George Yu (Ed.) China, the Developing World , and New Global Dynamics, 2010
Chain as Exports Go Down” February 4, 2009
2) “China 's economic restructuring to help reduce structural unemployment: economist” Xinhua 2012-11-06; “, “China 's economic restructuring helps world growth”
1) “The Future for MNCs in China”, A KPMG Study, 2012
Hearts?” December 11, 2010
1) David Leong “Multinational Companies in China: Managing Receivables Risk” gt news, march 26, 2007
2) Rahul Jacob and Simon Rabinovitch “China SMEs rely on shadow financing for growth”, FT Asia Pacific, October 18, 2011
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