The Productivity Imperative for Foreign Multinationals in China

Most foreign multinationals in China remain profitable, yet the business environment is more challenging now due to the slowdown of  China’s economy.
 
84% of the respondents say that productivity will be either “extremely” or “very” important to business performance in the next one to three years.
 
The Ernst & Young report is based on a survey with C-suits and senior management from 200 foreign multinational corporations and in-depth interviews with finance professionals including,
 

Dan March, CFO of McDonald’s China;

Herman So, Executive Vice President of Finance at LF Asia;

Michael Foy, Finance, Director of Cisco China John Lawler;

John Lawler, CFO of Ford Asia Pacific Africa

 

Top five undertaken by high performing respondent companies:
1. Business unit strategy reviews
2. Improved people development and management
3. Cost reduction programs
4. Enterprise resource planning (ERP), and

5. Greater autonomy for country management 

 

 

 

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