Examples of “being good” in China
April 24th, 2008 by AdministratorAudio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
In my previous podcast, I talked about how you can’t succeed by simply being in China — you have to BE GOOD. In today’s follow-up, we share some examples of companies and strategies that ARE GOOD.
In the past podcast, I referenced the famous quote from Woody Allen — “90 percent of life is just showing up” — and posited that this was not the case in China any more. Just showing up is being opportunistic, getting lucky (to a certain extent) and being at the right place at the right time.
While this still can happen in China, it is more likely that the winners here will be those that are not willing to just be here, but are pursuing being GOOD here, thinking and executing strategically. I would encourage you, again, to get your international teams in a room and challenge yourself to assess whether you are being opportunistic or strategic. If you are the former, pat yourselves on the back and thank your lucky stars that, just by showing up, you are still standing and are doing OK. Then roll up your sleeves and get to work on becoming good!
May 20th, 2008 at 11:33 am
I have been listening to your podcast for some time now. Excellent podcast. Thank you for your insights for making investments in China.
May 20th, 2008 at 12:11 pm
Thanks for the kind words! We appreciate it.