MANAGING in the

NEW WORLD

As per the annual Global Talent Competitiveness Index (GTCI), the importance of entrepreneurship in growing economies has become increasingly evident. The CEO of Chinese company Haier- Zhang Ruimin- has been placed at rank 24th. He remains one of the world’s principal management consulting gurus. Zhang mentions how innovation is accorded top importance at Haier. Employees with an entrepreneurial mindset thus thrive at Haier. The middle- level has been reduced to quicken decision making. All this has enabled Haier to expand internationally at pace. Customers have been kept at the centre of the business’s decision- making. All this has led to a financial expansion at Haier. The company is even building several incubators to promote newer entrepreneurs.

Source:https://knowledge.insead.edu/entrepreneurship/the-multinational-fuelled-by-thousands-of-entrepreneurs-10821

Uploaded Date:15 May 2019

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