Leadership Challenges Faced By Executives Relocating to China
Grace Cheng, managing director, Greater China at Russell Reynolds Associates recently discussed the leadership challenges associated with Chinese organizations hiring foreign-born or returning Chinese expats with UK publication, Management Today. Referencing the Russell Reynolds Associates' report, Making the Leap:
A 2009 briefing by Russell Reynolds Associates, looking at westernised Chinese executives recruited from multinationals into Chinese firms, concluded that fewer than half make the transition successfully. Most don't last a year.
One challenge leading to a higher failure rate is the structure of personal/business relationships in China, and the inability of executives to navigate Chinese business culture.
Similarly, in Chinese entrepreneur-led businesses, look out for the yuanlao, says Grace Cheng, managing director, Greater China at Russell Reynolds. These are the first generation of employees who helped set up the company and enjoy privileged status. 'Along with the boss and his family,' she says, 'these are the people whose egos you need to take care of.
Learn more about the steps executives must take in order to successfully transition into Chinese organizations: Making the Leap.