This is a thoughtful and interesting blog article from the Harvard Business Review. It’s worth a read. Check it out!
Personally, I wanted to scream at the simple dichotomy proposed here between US best practice and German best practice. What about US corporations copying Japanese best practice?
For me, whilst the article touched a number of important themes, it was seriously over-simplistic. It ignored the contextual factors that China is facing.
At the end, the article recognized its own weakness recognizing that the solution for large state-owned corporations will be very different to large privately owned enterprises.
I also found the article arrogant and failing to recognize the input from leading economists. For example, in recent years the US economy has been dominated by financial services, rather than more traditional industries. Similarly, the German model of export led growth has been artificially propped up by the Euro and many observers believe that German export growth is no longer sustainable.
In contrast, China has five thousand years of history and for me it is quite conceivable that China will go her own way and generate a new gold standard with her own management style.