Lessons from China
Haier and its importance for global managers
Less than 30 years from near-bankruptcy to global leadership; reinvention at least three times; trusting nearly 80,000 people to accept leadership roles in self-organizing, autonomous work units. Is this possible? Yes! Is it yet another new economy, Silicon Valley razzamatazz success story? Not at all! In fact, this is about a Chinese company making home appliances (white goods), and it's an incredible story about what is possible in old-economy, commodity markets. It's a story for us all.