China’s private business are starting to look overseas, says China’s rich list Hurun founder Rupert Hoogewerf. Key for their global success will be their management style and adaptation of a low carbon economy, he tells Beijing Review.
One of the biggest challenges may come from managing foreign businesses. Chinese managers must find new ways to supervise foreign employees since Chinese management styles may not translate well, or provide a comfortable work environment for international employees. Training methods are already being adapted for managers with foreign staffs, and Hoogewerf expected major breakthroughs to follow in the coming years.
Hoogewerf pointed out the necessity for Chinese private companies to follow the low-carbon economy trend. The low-carbon economy is a social responsibility for everyone, and is being widely embraced by countries worldwide, he said.
Many private enterprises are making more environmentally friendly products to maintain a competitive edge as customers’ demands for such products increase. And, generally speaking Hoogewerf said, this trend is progressing much quicker than people think.