Multinational Companies in China : Navigating the Eight Common Management Pitfalls.

Front Cover -- Multinational Companies in China -- Copyright Page -- Contents -- Foreword -- Preface -- Acknowledgments -- Part I: The Overview -- 1 Multinational Companies in China - An Introduction -- China's Amazing Economic Story -- Open and Reform -- Managing Talent -- Budgeting Headcount -- Defining the Asia Pacific Region -- Managing in a Matrix -- Managing Titles and Salary -- Solving Issues Locally versus Globally -- Managing Expatriates -- Selecting Leaders -- Part II: Eight Common Mistakes -- 2 Managing Talent -- Attracting Talent in China -- Developing Talent in China -- Retaining Talent in China -- Developing Leaders in China -- Best Practices for Overcoming Talent Management Mistakes -- A Western Perspective -- 3 Budgeting Headcount -- Social and Legal Liabilities -- Cost Concerns -- Availability of Talent -- High Turnover -- Small Teams -- Global Headcount Freezes -- Rigidly Following the Corporate Headcount Budgeting Rules -- Best Practices for Overcoming Headcount Budgeting Mistakes -- A Western Perspective -- 4 Defining the Asia Pacific Region -- Talent Management -- Categorizing by Industry -- Political Issues -- Whether or Not to Include Japan in the Region -- Getting Back to How You Consider Australia -- Best Practices for Overcoming This Mistake -- A Western Perspective -- 5 Managing in a Matrix -- The Scarcity of Talent -- The Preference for Hierarchical Structures -- Expensive Maintenance -- Critical Scale -- Best Practices for Overcoming This Mistake -- A Western Perspective -- 6 Managing Titles and Salary, and Curving Performance Management -- Curving Performance Management -- Best Practices for Overcoming This Mistake -- A Western Perspective -- 7 Solving Issues Locally versus Globally -- Best Practices for Overcoming This Mistake -- A Western Perspective -- 8 Managing Expatriates.

Best Practices for Overcoming This Mistake -- A Western Perspective -- 9 Selecting Leaders -- Broad-Based View of What It Takes to Be a Successful Leader -- Steps Companies Can Take to Enhance Global Leadership -- Conclusion -- Part III: What Is Next for Multinationals in China? -- 10 Where Do We Go from Here? -- Part IV: Human Resource Practices - Areas of Convergence and Divergence between China and the West -- 11 Comparing the Latest Human Resource Management Practices between China and the West -- Talent and Workforce Acquisition -- The Contingency Workforce -- Organization Design -- Learning Organization -- Human Resource Systems and Professional Development -- Part V: Epilogue -- Epilogue: The Story of Uber and Didi Chuxing -- What Happened? -- The Merger -- The Lessons -- Bibliography -- Index.

Multinational companies have been doing business in China for over 25 years, with their presence and manning of their operations varying over time. Some mistakes of managing businesses are strikingly common and detrimental. This book explores those mistakes providing guidance that will help readers become more conscious and avoid repeating them.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.