One of the most valuable lessons that I’ve learned in working in a global business is the power of being able to work asynchronously. Despite having the tools to do so, most workplaces depend upon immediacy of communication to get things done. How many times have you answered the phone to hear a colleague on the other end asking “hey, did you read my email?”.
China gets a bad reputation for their treatment of intellectual property. The reality is that all multinational firms should pay attention to protecting their intellectual property both at home and abroad. While the lessons in this post are written with China in mind, we believe they are applicable anywhere.
The Chinese New Year holiday is almost upon us, which means that millions of Chinese migrant laborers will be heading home to see their families and companies manufacturing in China will be leaning on their suppliers to ship as much as possible before the Chinese New Year shutdown.
Our clients often have a lot of questions about how to best prepare for the Chinese New Year holidays. Admittedly for newcomers to China, working around the Chinese New Year holiday can be quite daunting. Although the actual holiday itself is merely three days long, the Chinese government moves adjacent weekend days into working days, creating a contiguous seven day holiday.
These days there is a great deal of debate raging around the topic of manufacturing, with many former and aspiring manufacturing centers looking to attract factory investment from the worlds multinational corporations.
At this very moment I am in a hotel in Bangkok, which is seemingly the only place in town where one can escape the barrage of stakeholders extolling the advantages of opening a factory in Thailand. Their reasoning is not unfounded, and it does not take much looking around to see the fertile ground where upon the next global manufacturing powerhouse may arise.