Leadership
Going Global: An Expansion Roadmap for Chinese Companies
As China's economy shifts towards being a global industry leader, foreign-domicile firms will need to adjust their ways of doing business and working together.
China’s economy is evolving from ‘the world’s factory’ to a global industry leader. With a focus on high growth sectors and emerging markets, both privately-owned and state-owned enterprises are expanding operations overseas.
Over the last few years, both Privately owned Enterprises and State-owned Enterprises have actively sought opportunities to deepen their presence across every region and, over the next five years, Chinese firms will be increasingly seen as global innovators, not just nimble low-cost competitors. But they will need to master the art of localization.
Whether acquiring foreign entities or opening offshore satellite offices, Chinese leaders are quickly realising they cannot simply ‘copy and paste’ their domestic blueprint.
In this report, Korn Ferry draws on frontline insights and shares a three-stage maturity roadmap to pinpoint global expansion success factors.
To learn more about the study, download the full report.
