When Haier took over GE’s Appliances, US management feared the future. But the Chinese takeover is very different from the American style, they discovered. Western firms are victim of their traditional viewpoints, tells IMD-professor Bill Fischer, who studied Haier’s very different corporate style, to AP.
When Western companies discovered new management systems in Japan like Just-In-Time in the 1980s, they applied it fast,despite initial misgivings.But when they see now new ways of decentralizing corporate structures in Tencent and Haier, they are reluctant to take it serious, says Haier-watcher and IMD professor Bill Fischer at AP.
When China´s leading white goods producer Haier bought the appliances department of GE it caught the headlines. But the acquisition might not be as important as the underlying strategy to enter American homes, says IMD professor Bill Fischer, co-author of the book Reinventing Giants: How Chinese Global Competitor Haier Has Changed the Way Big Companies Transform to Bloomberg.
Haier is not only for years the largest white-good manufacturer, not only in China, but worldwide. IMD professor Bill Fischer explains how the first Chinese company to go global did so by unconditional focussing on their customers, in Strategy Business. How Haier reinvented itself four times in 30 years.
White goods producer Haier has an amazing story of change, where its CEO Zhang Ruimin reinvented the company, three times, tells IMD-professor Bill Fischer in CKGSB Knowledge. Fischer is co-author of Reinventing Giants: How Chinese Global Competitor Haier Has Changed the Way Big Companies Transform.
Home appliances manufacturer Haier has become of of the leading forces in China’s drive for innovation, says IMD-professor Bill Fischer in the People’s Daily. “Reinventing Giants” is a recent book he co-authored focuses on Haier’s transformation process: the middle management is taken out.
Haier, China’s famous electronics firm who started already to go global in the 1990s, is “insanely curious”, tells IMD professor Bill Fischer in the Business Spectator. Fischer is the co-author of a new book on innovative strategies Reinventing Giants: How Chinese Global Competitor Haier Has Changed the Way Big Companies Transform.
China’s innovating power is not really moving forward, tells IMD-professor and author Bill Fischer in the Shanghai Daily. “You need also the ability to commercialize ideas as well.” Bill Fischer: My sense is that, if I was to do the ranking myself, what I would say is that China’s ranking
IMD-professor (and formet CEIBS dean) Bill Fischer wrote up on his weblogwhat makes him successful in executive education, answers on questions from CEIBS professor Ellie Weldon. “One of the few advantages that I have found to be associated with aging, however, is that sometimes people ask for your opinions, and then actually listen.”