Market UpdateHR is a Source of Competitive Power in China – Or a Vulnerability?
HR in China is a strategic competitive advantage for MNCs
A few weeks ago the companion site – ChineseNegotiation.com published a piece about sources of power for Westerners when negotiating in China, and the second item on the list was “HR and manpower planning”. There were a few comments and questions – while this seemed to be an important management competency to develop, it didn’t strike some people as a vital competitive advantage – particularly for Western firms.
Upscale China Fast Replacing Cheap China
China is at a crossroads, reinventing itself from a manufacturing powerhouse to a consumer-oriented economy. Due to rising production costs and slowing overseas demand, factories are moving to higher value added production, while domestic consumption is increasing at a fast pace.
In an interview with Global Sources, Shaun Rein, author of The End of Cheap China: Economic and Cultural Trends that will Disrupt the World, sheds light on the global impact of China’s economic transformation in coming years.
Can Outsourcing Work For Your Business?
Business owners have different reasons for outsourcing some of their business processes. In some cases, it may not even be a want but rather, a need. It’s tough to run a business where you feel the need to do everything yourself. Sometimes it is wise to delegate tasks to a maven or an assistant for you to be able to concentrate on running the actual business at hand. While there are outsourcing risks that you need to be wary of, there are benefits to it as well. As with any major decisions, you have to think twice before outsourcing any task.
While there are various tools, which may help entrepreneurs in tasks ranging from payroll to marketing services, outsourcing is still very popular among businesses. One of the reasons is because the labor is low-cost as well as there are others who are more skilled and adept at some of the areas of the business.