Last updated at: (Beijing Time) Saturday, April 19, 2003
China Launches First 'Indigenous' Management Theory
China introduced its first "indigenous" management theory at the opening ceremony of the first Chinese Entrepreneurs' Conference on Management Saturday.
China introduced its first "indigenous" management theory at the opening ceremony of the first Chinese Entrepreneurs' Conference on Management Saturday.
The theory, based on the data gathered through 20 years of case studies of 100 Chinese enterprises by 2000 researchers from 80 universities and dozens of governmental departments, recommends eight principles for the successful management of the enterprises in question. The principles stress the importance of flexible policy implementation, integrity, market orientation, human resources, capital, technology, authority and strategy.
Xu Jialu, vice-chairman of the Standing Committee of the National People's Congress, said at the opening ceremony that the advancement of the theory marks the birth of China's own management theory and the transformation from the experience-based management to the theory-based management of Chinese enterprises. The theory also helps to bridge the gap between imported theories introduced as part of China's MBA education and practical experience.
Xu also pointed out the preliminary and exploratory nature of the new theory, noting that it represents China's first step in creating its own management theory and that it is impossible to change the Chinese people's dismissive attitude towards management science overnight.
Most entrepreneurs attending the conference showed great interest in the theory. He Xiaoping, a real estate manager attending the conference with the objective of learning new management theories, says that quite a number of state-owned companies have been turned into independent entities following the establishment of a market economy. Therefore, management theories with Chinese characteristics are badly needed to help companies survive and succeed in the current competitive environment in China.