Who should attend
Middle and Senior Management Executives
About the course
One of the most defining issues in the contemporary world has been China’s emergence as a key political and economic actor. China accounts for 35% of global manufacturing output; in 2010, it emerged as the world’s largest exporter, 2013 it became the world’s largest trading country in goods, in 2017 it became the number one country in the world in terms of the Purchasing Power Parity (PPP) basis. It is already the second-largest luxury market in the world. More importantly, notwithstanding its allegedly questionable role in the Corona pandemic spread, it continues to be one of the most critical factors influencing the world of international business. On Dec 30, 2020, the EU announced that it had concluded a Comprehensive Agreement on Investment (CAI) with China. The Biden administration is talking of dealing with China via ‘strategic patience.’ In 2020, BlackRock, a giant asset manager, has got the nod to set up a Chinese fund business. Vanguard, a rival, finalized its plans to shift its Asian headquarters to Shanghai. JPMorgan Chase may spend $1bn to buy control of its Chinese money-management venture. Foreign fund managers bought nearly $200bn of mainland Chinese shares and bonds in 2019-20. Wall Street’s taste for China reflects a long-term bet that finance’s center of gravity is increasingly shifting to the east. Therefore, understanding China’s emergence as an economic powerhouse necessitates an informed understanding for those who aspire to have a nuanced view of international business. This course is therefore titled ‘Understanding and Competing with China in Business.’ Beginning with the self-evident fact that China’s role and impact on global business are unprecedented in this phase of economic globalization, the objective is to enable the participants to acquire an informed understanding of China as an economic superpower with credible responses.
- Enable participants to critically evaluate China's weight in the global political economy – as well as its limitations
- Appreciate the Beijing consensus and unique ecosystem of business in China including its unique management practices and their cultural determinants
- Introduce participants to the emergence of China in International Business and its relevance. This includes understanding various dimensions of the evolution of China as an economic superpower, especially in the light of its growing technological prowess
- Module I: China's Integration with Global Economy
- Module II: Doing Business in an Ecosystem with 'Chinese Characteristics'
- Module III: End of Copycat China and Growing Ascendancy of China as Tech Power
- Module IV: Prospects for India's Economic and Commercial Engagement with China
Dr. G Venkat Raman is currently Associate Professor in the Area of Humanities and Social Sciences, IIM Indore. He is also former Programme Chair of the five year Integrated Programme in Management since April 1st, 2017. He is one of those rare Indian academics who has pursued and completed his do...
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