Managing the China Challenge How to Achieve Corporate Success in the People's Republic

"This is a book to read before one begins work in China and to come back to once there. With its comprehensive analysis of challenges and insightful recommended responses, it efficiently points executives in the right direction and helps them avoid the errors that others have made. It has the potential to give any executive a flying start to executing their China strategy" --from the Foreword by Dominic Barton Multinational corporations now look toward China with a mixture of trepidation and anticipation. The remarkable speed and scope of Chinese economic growth is changing the global distribution of power and resources, possibly to the detriment of the major industrial powers. But this same transformation presents tremendous opportunities for companies who understand China well enough to leverage both its accomplishments and its deep-seated problems for corporate benefit. Longtime China scholar Kenneth Lieberthal brings to bear a unique combination of experiences as a former top government official, political scientist, professor of international corporate strategy, and many years of consulting. In Managing the China Challenge, he explains China's priorities and how its political and economic systems actually work, making clear what foreign companies must master to succeed in the Middle Kingdom. In straightforward language, with numerous examples to back up his argument, Lieberthal cogently presents not only how to benefit from doing business in China, but also how to avoid the serious risks that the endeavor entails. The implications that Lieberthal lays out for corporate strategy are wide-ranging and critically important. Contents Foreword. Dominic Barton Preface and Acknowledgments 1. Where China Wants to Go 2. Shaping China's Future Performance: Demand Drivers and Constraints 3. The Operating Environment 4. The Party-State System and Corporate Strategy 5. Managing Risks 6. Conclusions