CHINESE QUALITY
China has been growing faster than anyone had expected, one of the main reasons has been the low costs of manufacturing.
This amazing growth has been mainly supported by exports of manufactured goods, generating inequality in wages that in one hand permits low costs of manufacturing but in the other blocks the internal consumption of China’s middle class.
The situation will likely become unsustainable and operative wages will inevitably have to increase, along with benefits for the employees.
Chinese entrepreneurs won’t be able to rely only on price as their main strength or advantage, especially if they really want to reduce the current social gap. I bring this to the table since price is the argument managers and owners have given us in almost every company visit we have made.
It’s true that China has an amazing advantage in prices compared to developed countries, but some emerging countries are competitive enough to the point where formerly China-based companies are moving to those countries.
Taking all the above into account, I think China and its entrepreneurs should start focusing on two different points than just the price: Capacity (1,3 billion people) and Quality.
¿Quality? Yes, you read it right.
Since China opened up to the western world many companies with excellent procedures and cutting-edge technologies have established subsidiaries and even headquarters in this country.
¿The Result? They have learned.
Even when a lot of Chinese products are still price oriented and with poor quality standards, some are as good as western products.
China should make important efforts in order to give this message to the whole world. Nevertheless, if they do, they will have to back it up.
Comentarios desactivados en CHINESE QUALITY /
09 Mar 2013
por
Erick Eduardo Arevalo Abello
MBAftmad /
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