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 | Sunday, April 23, 2000, updated at 11:00(GMT+8) | ||||||||||||
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Enterprise survey results positiveA recent survey showed China has seen more qualified enterprise executives and more effective mechanisms to drive them.The positive results reveal a sound foundation for the country's long-term economic growth. After a nationwide investigation launched from August to November 1999, the China Entrepreneurs Survey System released a special report yesterday in Beijing. The seventh survey of its kind posed 10,000 questions to a variety of enterprises. The system used 3,562 answer sheets to determine the results. The survey reported that China's enterprise executives, most between the ages of 36 and 55, have achieved a decent educational background and relevant Internet experience. Some 84.7 per cent of the surveyed executives have had three or more years of college, while many are completing their MBA degree. According to the survey, around 80 per cent of the executives are familiar with Internet. Many executives said they utilize the Internet for information, to launch product promotions, enterprise introduction and to strengthen enterprise internal management. The survey indicated that 65.7 per cent of the executives are satisfied with their career choice and more than 90 per cent of them think their jobs are "innovative." Executives of privately-owned businesses show more satisfaction than managers of State-owned enterprises. The survey also showed the executives choose "to create profits for the staff" and "to realize their own value" as the two top career objectives. Among the executives, over two-thirds of chairmen of the boards have held the post of general manager at the same time. The survey indicated that State-owned enterprises changed their executive leaders more frequently than other firms. In past decades, the surveyed State firms changed their leading executives 2.1 times on average, compared with 1.2 times in foreign-funded firms and 0.3 times in private firms. The survey said the board of directors has played a more active role in choosing enterprise executives.
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