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Made in China: What Western Managers Can Learn from Trailblazing Chinese Entrepreneurs.


Made in China: What Western Managers Can Learn from Trail-blazing Chinese Entrepreneurs. By Donald Sull n. 1. A plow. , with Yong Wang. Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.  Press, 231 pages. $35.

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Hearing some of the business laments coming out of China brings to mind the country's Great Wall: the barriers are very high, and it's virtually impossible to get around, meaning that companies have to deal closely with people on the ground there, including a fast-growing entrepreneurial en·tre·pre·neur  
n.
A person who organizes, operates, and assumes the risk for a business venture.



[French, from Old French, from entreprendre, to undertake; see enterprise.
 class.

In this well-researched book, author Donald Sull--a professor at the London School of Economics--profiles eight entrepreneurs who are making waves in China and may be poised for wider attention on the world stage. He notes that China's relatively recent push into capitalism has produced an entrepreneurial fervor that "recalls the bare-knuckled capitalism of the Industrial Revolution in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ." He adds, however, that while "China is a huge and growing market that few companies can ignore, it has also proven a devilishly dev·il·ish  
adj.
1. Of, resembling, or characteristic of a devil, as:
a. Malicious; evil.

b. Mischievous, teasing, or annoying.

2. Excessive; extreme: devilish heat.
 difficult place to make money," even for U.S. giants like Microsoft and Wal-Mart.

Entrepreneurs, he suggests, can be the necessary lubricant Lubricant

A gas, liquid, or solid used to prevent contact of parts in relative motion, and thereby reduce friction and wear. In many machines, cooling by the lubricant is equally important.
, pointing to the success of French food group Danone, which formed a series of partnerships with leading entrepreneurs in China, especially the Hangzhou Wahaha Group, China's top bottled water maker. Danone's ability to reach local consumers through these partnerships helped it book more than $1 billion in revenue from China in 2003.

Profiles of companies like Internet portal Sina, computer maker Lenovo and home appliance firm Haier are interspersed with lessons that each of their leaders offers to outside entrants. Rich in detail, Made in China is a valuable addition to the growing list of resources on doing business in the world's largest market.
COPYRIGHT 2005 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Marshall, Jeffrey
Publication:Financial Executive
Article Type:Book Review
Date:Sep 1, 2005
Words:283
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