Chinese enterprises cannot ignore w88 mobile management as they go global

Fan Libo Liu Hanlong

In the context of the gradual expansion of China’s economic opening up and the deepening of economic system reform, the scale of China’s overseas investment has increased rapidly. With the advancement and implementation of the “Belt and Road” strategic concept and the preparation and establishment of the Silk Road Fund and the Asian Infrastructure Investment Bank, China’s foreign investment has ushered in a new era.20158975_89931180.2History high of US$100 million, year-on-year growth14.7%, achieving continuous foreign direct investment13Year of growth, the average annual growth rate is as high as33.6%. As the “13th Five-Year Plan” focuses on innovation-driven, all-round open development and other issues, more Chinese companies will continue to “go overseas” in the future. How to quickly adapt to the new environment of international competition and occupy a place in the global industrial value chain will be one of the key issues for Chinese enterprises to consider.

Since the reform and opening up, Chinese enterprises have grown rapidly. In the process of participating in local market competition, some companies have gradually formed strategic thinking and business models with Chinese characteristics: they are generally good at fighting price wars, maintaining good relations with local governments, good at discovering opportunities, and responding quickly. This "China approach" has enabled these companies to grow rapidly in the Chinese market and achieve extraordinary results. As the pace of China's overseas investment accelerates, more and more Chinese companies are going abroad and are accustomed to using domestic business practices (Chinese Business Way) to develop overseas markets. However, these mindsets and market behaviors formed under specific institutional and market environments may become stumbling blocks for enterprises to further succeed in the process of entering the international market, especially the markets of developed countries.

For example, recently, Chinese equipment manufacturer Gree Electric Group agreed to pay a bill issued by the U.S. Consumer Product Safety Commission (CPSC) issued1545Ten thousand dollars fine. According to U.S. federal law, Gree Co., Ltd. and its subsidiaries "failed to report toCPSCreported on its sales13Sub-brand dehumidifiers have product defects and risk of serious injury.” Gree Group’s explanation on China Daily was that it lacked an in-depth understanding of U.S. laws and did not intentionally violate local laws. ShouldCPSCRequires that, in addition to paying a civil penalty, Gree has agreed to conduct a program to ensure w88 mobile with the U.S. Consumer Product Safety Act (CPSA) and related systems of internal control procedures.

This case reminds Chinese companies that when implementing international strategies, they must pay attention to w88 mobile management and w88 mobile operations. w88 mobile operations usually include three levels of meaning: First, w88 mobile with laws and regulations, including international rules and contracts, laws, regulations and regulatory provisions of the country where the company is headquartered (home country) and the country where it operates (host country). Second, comply with industry regulations and mainstream social values. Third, we must abide by the company's business code of conduct, and employees value professional ethics and ethics. The operating environment of modern enterprises is becoming more and more complex and changing more and more rapidly. w88 mobile, internal control and case prevention have become issues and challenges that enterprise management must face correctly. Theoretically speaking, w88 mobile management is a matter of “preventing trouble before it happens” and “turning danger into safety”. The risk of non-w88 mobile refers to the legal sanctions, regulatory penalties, significant financial losses and reputational losses that an enterprise may suffer due to failure to comply with laws, regulations and guidelines.

Although Chinese companies have begun to pay attention to w88 mobile management issues, most companies have not truly formed their own w88 mobile systems, and the so-called "w88 mobile" still remains on the surface. The w88 mobile management of many Chinese companies is a system in which the senior management is responsible. Since the senior management does not pay attention to it, the phenomenon of "w88 mobile management toolization" has emerged: senior executives pay more attention to business development and scale expansion. Therefore, if an investment or business activity is non-compliant, senior executives will keep the w88 mobile issue high in the interest of development; if an investment or business is unwilling to be made by senior executives, they will put w88 mobile first and veto it on the pretext of non-w88 mobile.

Currently, there is a new trend in international w88 mobile governance. First, cooperation among countries on w88 mobile governance has been strengthened globally. As an important tool for w88 mobile management, the bribery "blacklist" has been incorporated into the global credit management system and used as a credit evaluation standard for enterprises or countries. Secondly, the self-discipline of multinational companies gradually takes over. Companies in developed countries generally establish their own w88 mobile management systems and strengthen their self-discipline through business ethics training for employees. Finally, demand-side measures to combat commercial bribery have been strengthened. Following the U.S. Foreign Corrupt Practices Act and the OECD Convention, the European Union and the Americas and other places have established restraint mechanisms to deal with illegal operations by multinational companies; the United Nations Convention against Corruption was signed in200512299_12319

In the global environment of strengthening the w88 mobile governance of multinational companies, Chinese companies going global should pay more attention to their own w88 mobile management. We should actively learn from the w88 mobile management experience of successful multinational companies and establish an efficient w88 mobile management system based on our own corporate characteristics. On the one hand, enterprises that comply with the host country's legal system and conduct compliant operations can quickly gain social recognition and improve their core competitiveness. On the other hand, strengthening w88 mobile management by enterprises can effectively reduce the risk of non-w88 mobile, which will help improve the reputation of the enterprise and gain the trust of consumers in the long run. From a specific operational level, enterprises need to focus on the following aspects to strengthen w88 mobile management.

First of all, start from the senior management to cultivate the thoughts and habits of w88 mobile management and integrate w88 mobile management into the corporate culture. w88 mobile management can be effectively implemented when the corporate culture emphasizes honesty and integrity, and when the board of directors and senior management set an example. Enterprises should examine whether they have established a good w88 mobile management culture and w88 mobile environment, and make full preparations for the implementation of w88 mobile management.

Secondly, establish a complete w88 mobile system. When constructing and implanting a w88 mobile management system, enterprises need to think systematically: First, they need to more clearly define what w88 mobile is and clarify the scope of w88 mobile management. Second, we need to enhance the status of the w88 mobile department within the enterprise, place the authority of the w88 mobile department above business leaders, and maintain its independence. Third, standardize program design. Fourth, a good w88 mobile environment is needed. Enterprises should give the w88 mobile department a clear mission, internal control framework, roles and responsibilities from a strategic level, formulate anti-corruption rules (such as gifts and entertainment, w88 mobile approval of business partners, etc.), and publicize these rules through training. The w88 mobile management department should have clear responsibilities and division of labor, and clear functional positioning and overlap with other departments, including the company's legal department, finance department, audit department, disciplinary inspection department (state-owned enterprises) and other related departments within the company.

Finally, appoint a Chief w88 mobile Officer to be responsible for overall coordination and management. Most multinational companies in Europe and the United States have the position of chief w88 mobile officer, who is fully responsible for coordinating the identification and management of corporate w88 mobile risks. w88 mobile officers are defenders of company interests, promoters of w88 mobile culture and w88 mobile operations, and experts in specific risk management. The w88 mobile officer is a relatively neutral third-party role that helps companies do the right things. When an enterprise is "sick", the w88 mobile officer is a doctor who helps the enterprise "diagnose" the problem and propose solutions. Of course, the enterprise must follow the "doctor's advice."

　　(Author’s affiliation: w88 casino of International Business, w88 casino)

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http://epaper.gmw.cn/gmrb/html/2016-08/06/nw.D110000gmrb_20160806_2-07.htm

http://news.gmw.cn/2016-08/06/content_21339161.htm