By Timothy King, Jiping Zhang
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Extra resources for Case studies of Chinese economic reform, Volume 22
Third, managers are too little concerned with the long-term future of the enterprise, and too ready to raise wages and bonuses. At least one major factor that contributes to the latter is the way in which enterprise managers are selected. This is no longer done directly by a supervising ministry, but through the type of process summarised in the final appendix of Reform of State-Owned Enterprises, and illustrated in the next case, Huanghe Machine Tool Factory. The factory is a heavily indebted, financially struggling, technologically backward, state enterprise with a limited and aging product line in one of the poorest areas of China, which is about to choose a new director.
Self-reliance and self-confidence are characteristics of the most successful managers. The kinds of managers who bring about growth, innovation, and profitability and who not only meet but exceed quotas or goals invariably have confidence in their own abilities and are not afraid or reluctant to make needed decisions even when they are uncertain of the consequences. The most effective managers have the confidence to take responsible risks. Working with cases enables students to appreciate both the qualities and the skills that effective managers exhibit when Page 23 carrying out their responsibilities.
There has been a growing interest in China in the case method of teaching as it has been developed in North American business schools. The case method can be used to study the problems associated with reform and can lead to a better understanding of the costs, benefits, and practical feasibility of alternative reforms. The objective of this workshop was to train users and writers of case studies in all aspects of case development, to establish a local capacity to provide training in the development and use of cases, and to increase the stock of Chinese-language case materials on various aspects of modern Chinese development and reform issues.
Case studies of Chinese economic reform, Volume 22 by Timothy King, Jiping Zhang