Distinctive Oriental wisdom From The success of Asian business leaders

The following is the Distinctive Oriental wisdom From The success of Asian business leaders recommended by recordtrend.com. And this article belongs to the classification: Boston Consulting, research report.

The Asian market has created a world-famous economic myth in the 21st century. At the beginning of the new century, only 5% of the Fortune 500 enterprises come from Asia, and the number of Asian unicorns is zero. Today, China’s GDP alone is close to 15 trillion US dollars; The number of Fortune 500 enterprises in mainland China has overtaken that of the United States. Asia is home to one third of the world’s unicorns; In the emerging markets of China and Southeast Asian countries, there are many companies whose growth rate far exceeds that of Europe and the United States.

Many data show that the world business landscape has quietly changed. As western enterprises continue to dominate the global media, and the status of English as the world’s common language is still hard to shake, many people’s understanding of Asian enterprises is still superficial. Through extensive research, this paper explores five characteristics that represent the wisdom of Asian business leaders. If the leaders of eastern and western enterprises can make use of the leadership wisdom of other cultures, they will be in a better position to successfully catch the free ride of the rapid development of Asia.

The unique market environment in Asia gives birth to the unique development conditions and ways of enterprises, and also affects leaders’ definition of success. Like in the west, revenue growth and profitability are crucial in Asian markets, as are shareholder returns. However, enterprises in the Asian market also need to bring more stakeholder factors into the decision-making process. The importance of the state ranks first among all stakeholders. In addition, other stakeholders, such as civil society organizations, are also important. In this context, the complexity of family business is increasing exponentially.

BCG combs and analyzes about 2000 listed and unlisted companies in China, India and Southeast Asia. By measuring the income, profitability and total shareholder return of listed companies, as well as the valuation of non listed companies, 10 companies with different regions, industries and leader backgrounds are selected from the top 100 leading companies. After in-depth dialogue with the leaders of these 10 enterprises, we extracted the following five success factors.

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