Abstract/Sommario: A third generation of Chinese businessmen is emerging on the global stage. Most of China's first generation businessmen are more than 45 years old. Their success can be attributed to the high growth opportunities provided by China's rapidly developing domestic market. The second generation of Chinese entrepreneurs are mostly in their 30s and early 40s. They emerged in the late 1990s and focus on the service sector, differently from the first generation's manufacturing emphasis: most of ...; [Leggi tutto...]
A third generation of Chinese businessmen is emerging on the global stage. Most of China's first generation businessmen are more than 45 years old. Their success can be attributed to the high growth opportunities provided by China's rapidly developing domestic market. The second generation of Chinese entrepreneurs are mostly in their 30s and early 40s. They emerged in the late 1990s and focus on the service sector, differently from the first generation's manufacturing emphasis: most of them didn't experience the constraints of a planned economy, but rather enjoyed the benefits of some economic liberalization. They have been skilled in dealing with overseas capital markets. The service sector is an indispensable part of any advanced economy, and future development in China will likely trend in this direction. But the results lacked of force to compete in developed markets. Chinese entrepreneurs are searching for improved strategies to enhance the global competitiveness of their firms: Chinese firms cannot forever rely on low cost labour to propel their growth. Chinese forms will need global entrepreneurs if they want to avoid being left behind in the global marketplace