js british council 5 v2

7/28/2019 JS British Council 5 v2

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ECONOMIC DEVELOPMENT,EMPLOYABILITY, SKILLS,

TECHNOLOGY AND TALENTMANAGEMENT IN HANGZHOU AND

ZHEJIANG PROVINCE

BRITISH COUNCIL APRIL 2011

Professor John Shutt, Leeds Business School, Leeds Metropolitan University

Professor Paul Iles, Salford University Business SchoolXiaoxian Zhu, PHD Student, Salford University Business School

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Programme 2005-06 2006-07 2007-08 2008-9 2009-10 2010-11

Undergraduate

BAH Accounting & Finance 23 17 10 24 59 99

BAH Business & Management Studies 7 8 19 23 14 39

Total Chinese Undergraduates at FBL* 45 48 42 58 83 154

Postgraduate

MA International Business 40 24 23 18 19 11

MA International Trade & Finance 15 9 28 54 44 54

MSC Management 2 4 7 3 6 10

Total Chinese Postgraduates at FBL* 115 61 82 94 105 113

Total Chinese Students at FBL 160 109 124 152 188 267

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Source: Leeds Metropolitan Planning & Registry, April 2011


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CHINA: The Changing StudentAgenda 2011-2020

China continues to attract more international students

Both the number of Chinese students studying abroad and the number of international studentschoosing China as a study destination has increased, according to data released by theMinistry of Education earlier this month.

In 2010, the total number of Chinese students studying abroad was 284,700. But perhaps more

interesting to the UK audience is the growing ability of China to attract more internationalstudents than ever before, with 265,090 choosing to study in the country. Those students comefrom 194 countries and attend 620 colleges, research institutes and other educationalorganisations in 31 provincial regions in China.

Students from neighboring Asian countries accounted for 66% of the total, followed byEuropean, American and African students. More than 22,000 international students receivedChinese government scholarships in 2010, representing a 23% increase.

South Korea, the United States, Japan, Thailand, Vietnam, Russia, Indonesia, Kazakhstan andPakistan were the top 10 countries that sent the most students to China.

The Ministry of Education reportedly has plans to attract 500,000 international students by2020, which would make China the top destination for international students in Asia.

HE International Unit 20114


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British Council: ZJUT/ LeedsMetropolitan Research Project

To map the changing employment and skill needs of Hangzhoucity and region

Develop new approaches to enterprise education appropriate tothe Chinese context

Map the needs of CPD provision in Hangzhou

Identify key economic and business issues to be addressed tofurther the relationship between Zhejiang and Yorkshire, Leedsand Hangzhou

Plan new developments, partnerships and innovation educationcourses for 2008-2011

Deepen and adapt the delivery and content of our MAITF Courseto emerging concerns and facts on the ground.

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Summary

Introduction Chinas economic growth, a new stage of

domestic development Zhejiang in the Yangtze River Delta

Hangzhou City and New High Tec Growth Zones Company Case studies Talent management and talent shortages Conclusions

The British Council Zhejiang University ofTechnology/Leeds Metropolitan Universityresearch project

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Chinas Economic Growth

Source: L. ZHANG Foreign Direct Investment and the Formation ofGlobal City-Regions in China, Regional Studies, Vol. 41.7, October 2007

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The Yangtze River Delta

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Chinas Economic Growth

Chinas growth rate can be sustained in single-digit ratesfor decades.

Chinas economic size will match Americas by 2035 and

double it by mid-century, with deep economic andstrategic implications for the rest of the world.

China brings 760 million workers into the global economyand has three of the main global city-regions.

Understanding how these city regions function is a majortask for Business Schools.

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The Pattern and Sources ofChinas Economic Growth 1

The most powerful force driving Chinas economic growth is capitalaccumulation

The investment boom that has underpinned growth has been largelyfinanced out of domestic savings

The second-contribution to growth has been made by Total FactorProductivity ( TFP )

Systemic reforms that released growth potential and improved efficiency.

A Third contribution is the 4 trillion Yuan Fiscal Stimulus Package started inNovember 2008 and leading to investment in infrastructure, housing,railways, water, electricity, the environment and technological innovation.

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The Pattern and Sources ofChinas Economic Growth 2

The fourth factor is the supply of labor

The pool of talented labour especially in engineering has allowedChina to transform many otherwise capital intensive productions intolabour intensive processes, breaking barriers to entry into valuechains. New industries like railway engineering and shipbuilding havebeen developed in a short space of time(5yrs).

There are new concerns however that Chinas labour market and skillsdevelopment is not matched with the needs of the economy and the

need to build the service economy and the financial services

There is a new search for talent management strategies for China andfor Chinese companies, many of which are growing very quickly andrequire a highly skilled workforce

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Zhejiang in the Yangtze River Delta

YRD features a diverse set of industries of varied global connectivity,

capital and technological intensity, ranging from car production to thegarment industry

Global-local economic connections run deep into the very bottom of thelocal economy and far out to the geographic margin of the regionembracing adjacent regions such as Anhui

Goods are made by a regional division of labour embedded in a regionalflow of raw material, intermediate inputs and transport logistics

The province of Zhejiang has been the centre of private enterprisedevelopment in China

The province has a strong rural economy made of networks of SMEs,mainly involved in the secondary sector

The urban economy in Zhejiang is concentrated on heavy and advancedTechnology industries and increasingly the emphasis is on growing high

technology and financial services. 12


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Hangzhou, Zhejiang

The capital of Zhejiang, is a cultural and tourist centre in China and has beentwinned with Leeds, UK since 1988.

Has one of the best scientific human capital stock in China and is ranked in thetop 5 investment destinations in China.

The IT and financial services sector is fast developing: Hangzhou wants to be amajor financial centre.

Aiming to be the Paradise Silicon Valley, home of high technology in China.

The city has developed a strong culture of industrial technology alliancebetween education institutions and firms, and between firms and there areuniversity spin offs in major growth areas e.g. Insigma.

Hangzhou technological and industrial developments rests on four key National-

level Development Zones and anew fifth zone with Singaporean investment.

Accelerated investment in Hangzhou Subway Project and Subway Line One toopen 2011 the biggest infrastructure project in the history of the city

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TM Processes

Iles 2007 Attract ingtalent: Branding, Matching RetainingTalent: engagement, psychological

contract DevelopingTalent: leadership development Transi t ioningTalent : deployment, promotion,

succession, lateral movement, exit

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Drivers of TM

Shift from industrial/ information age Intensifying global demand for high-calibre talent,

esp. managerial/professional Growing propensity to switch companies,

careers: talent loss/brain -drain Work-Life balance Demographic changes: e.g. ageing

(Michaels et al 2001)

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Emergence of TM in China

1)Chinese labour-management system is currently in astate of transition (Warner, 1997;Shen, 2007).

2)Exacerbating shortage of talents speeding the pace ofadoption and discussion of TM.

3)TM has become the latest trend in China, particularly inhigh-tech companies (Iles et al 2010 a,b; Preece et al 2010;Hartmann et al 210).

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Drivers of Talent Management inChina

Shift from industrial to information/ knowledge age,esp. high-tech companies

Intensifying global demand for high-calibre talent,esp. managerial/ professional.

Generational Diversity: growing propensity to switchcompanies, careers e.g. talent loss/rain-drain.

Work-life balance

Demographic changes: ageing workforce17


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Talent Shortages in China 1: Drivers2

Expatriates continue to fill many gaps; increasinguse of Asia-Pacific region and foreign-bornChinese.

Short-term solution: longer term problems, e.g.high expense, need for localisation, perception ofemerging glass ceilings by local Chinese staff.

Senior managers expected to increase over thenext 3 years, with 67% expecting increases atlower levels.

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Talent Shortages in China 1: Drivers Shortage of talent holding back companies

2005 McKinsey : next 10-15 years Chinese companieswill need 75,000 globally-effective leaders to realiseglobal ambitions, but only 3-5,000 at present (Wilson2008).

Many leaders brought up in Cultural Revolution : despitetenacity, relationship skills and hard work may lackcritical knowledge/ skills and experience in strategy,innovation, enterprise and empowerment.

Younger leaders may lack people skills; despite higheducation may have received little management training,with turnover often high (25% pa).

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Talent Shortages in China 2:Responses 2

McKinsey: growing talent shortages in China and theimbalance between business opportunities and thesupply of qualified managers and executives (Lane andPollner 2008)

Growing need for talented managers: major challenge toboth MNCs and local businesses.

44% of Chinese executives: insufficient talent majorbarrier to expansion

Continued growth increases demands for talent whenMNCs increasingly competing with local firms for scarce

talent in same talent pool.20


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Talent Shortages in China 2:Responses 2

Mismatch, graduates and skills/ attributesrequired by employers e.g. PMI2 study Iles,Shutt & Zhu 2010

Recruits often high expectations, and hightargets, leading to high turnover.

Chinese companies increasingly lookingabroad to recruit talent; 43% of executivesexpected proportion of foreign managers toincrease

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Talent shortages in China 3: TalentDevelopment

Mercer: 72% of respondents in China claimed main challengein staff recruitment was lack of qualified candidates in thelabour market.

Key issue : how to develop and retain staff

Management and leadership development of local staff apriority

Many companies lack commitment to develop a

comprehensive leadership development strategy, or expertiseto implement one (Wilson 2008).

PM12 British Council research project, Leeds MetropolitanUniversity & ZJUT

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Going Global

In areas that not only include solar panels but also windenergy, telecommunication networks, powertransmission and high speed trains, Chinese companiesare already on a par with their western counterparts,

often after re-innovating technology sucked out of jointventures. What China lacks right now is not money; it istechnology.

Technology and talent management are linked

FT January 19 2011

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Company/ Sector Name Main Business CEx

A

Advanced Manufacturing Sector

Supcon Group Co. Ltd Specialises in process automation, public works and equipment

automation.

B


Zhejiang Hongyi Group Co. Ltd,

Xiaoshan Hangzhou

Main products of the company: basic fabric materials;

customers are exporting factories.

C

Financial Sector

CITIC Bank State-owned Bank, HQ Beijing

D Environmental Industries Xizi Group, Xizi United Holding

Corporation

Established 1997: elevator company Otis Ju. 2002 it acquired

Hangzhou Boiler Group2006 property development

Hangzhou shopping mall.

E

Service Sector

Zhejiang Textiles Import and Export

Group Co Ltd, Zhejiang

Yuyang International Trading

Co Ltd, Hangzhou

Branch of Zhejiang Textiles I/E Group Corp. Zhejiang. Located

in Hangzhou, it specializes in functional fabrics.

F

Service Sector

Shinyway Overseas Studies: Kaplin

Shinyway Pathway College

Zhejiang

Largest educational agency with the longest history in China. It

takes provide a good school and whole-course serviceas its criteria, and has helped more than 15000 students

to study abroad during the past 11 years.

G

Service Sector

Yuyang Intellectual Property Agency

Co. Ltd

Specializing in being a professional agency engaged in all

aspects of legal affairs relating to intellectual property.

H

Service Sector

Zhejiang Asuka Home Textiles Co.

Ltd

Established in 1997 in Hangzhou specialising in the

manufacturing, selling and trading of home textiles and

down products.

Company case studies 1

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Company/ Sector Name Main Business CEx/hrd

A


Chery Automobile Co

Anhui

SOE

Specialises in automotive manufacture. Formed 1997. has

branch in Dahlin and HunanChery has four brands of

Chery,Riich,Rely and Karry,four car plants and a central

research institute.

B

Advanced Manufacturing Sector/services

Alibaba Group Holding Group ltd

A company incorporated in the

Cayman Islands

Established in 1999 by Jack Ma.Employs 30,000 of which 8000

on Hangzhou HQ

\database |commerce B2B co includes Taobao,Alipay and Ali

Cloud all focused on SMEs

C

Financial Sector

Bank of Beijing

Hangzhou Branch

State-owned Bank, HQ Beijing

D Environmental Industries Xizi Group, Xizi United Holding

Corporation

SOE

Established 1997: elevator company Otis Ju. 2002 it acquired

Hangzhou Boiler Group 2006 property development

Hangzhou shopping mall.

E

Service Sector

Sir Run Run Shaw Hospital

www.srrh.coml

Established 1994 linked to American Loma Linda University,

Los Angeles and now employs 2700. Specialises in

micro surgery and funded ny Hong Kong media mogul

Sir Run un Shaw and owned by Zheijang University

School of Medicine

F

Advanced Services

Insigma

www.insigma.com

Established 2001 and employs 4000. A leading global IT and

BPO service provider working on Intelligent \Cities.

Developed by professor PanYunle and owned byZheijang University and linked to IBM.

G

Service Sector Propert development

Ascendas Developing the Singapore-Hangzhou Science and Technology

Park for leading IT,R and D and BPO enterprises. Set jn

the Hangzhou Economic and Technological Development

Area .

Company case studies 2

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Company case studies

November 28th, 2010- The groundbreaking ceremony of 50MWSolar Energy Tower-type Heat Generation Demonstration Projectinvested by SUPCON Solar Energy Technology Co., Ltd. was holdin Delingha, Haixi Region, Qinghai Province. Luo Chaoyang, ViceChairman of Political Consultative Conference of QinghaiProvince, officials of Qinghai Province, Haixi Region and DelinghaCity, together with over 100 guests present at the ceremony. JinJianxiang, President of SUPCON Group, Shi Yiming, Vice

President of SUPCON Group and Huang Wenjun, General Managerof SUPCON Solar Energy attended this event too.The 50MW Solar Energy Tower-type Heat GenerationDemonstration Project is Chinas first commercially operationalsolar energy tower-type heat power station, as well as the keyproject of the new energy industry development in Qaidam Cyclic

Economy Pilot Area.26

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http://www.alibaba.com

Alibaba's Jack Ma Fights To Win Back TrustGady Epstein, 03.23.11, 06:00 PM EDTForbes Magazine dated April 11, 2011Setting things right after a scandal at China's largest e-commercecompany.

http://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.html

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http://www.alibaba.com/?src=google&albch=google&albcp=search_Search-Trademark&albkw=:alibaba_uk-search-trademark-test_site_no&albag=home_none_:Alibaba_product&albmt=Exact&albst=search&albom=GB_none_20100322http://search.forbes.com/search/colArchiveSearch?author=gady+and+epstein&aname=Gady+Epsteinhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://www.forbes.com/forbes/2011/0411/features-jack-ma-alibaba-e-commerce-scandal-face-of-china.htmlhttp://search.forbes.com/search/colArchiveSearch?author=gady+and+epstein&aname=Gady+Epsteinhttp://www.alibaba.com/?src=google&albch=google&albcp=search_Search-Trademark&albkw=:alibaba_uk-search-trademark-test_site_no&albag=home_none_:Alibaba_product&albmt=Exact&albst=search&albom=GB_none_20100322


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ALIBABA.COM Alibaba.com (HKSE: 1688) (1688.HK) is the global leader in e-commerce for small

businesses and the flagship company of Alibaba Group.

Founded in 1999 in Hangzhou, China, Alibaba.com makes it easy for millions of buyersand suppliers around the world to do business online through three marketplaces:a global trade platform (www.alibaba.com) for importers and exporters; a Chineseplatform (www.1688.com)for domestic trade in China; and, through an associatedcompany, a Japanese platform(www.alibaba.co.jp)facilitating trade to and from Japan.

In addition, Alibaba.com offers a transaction-based wholesale platformon the global site(www.aliexpress.com) geared for smaller buyers seeking fast shipment of smallquantitiesof goods. Together, these market places form a community of more than 61

million registered users in more than 240 countries and regions. Alibaba.com also offers business management software and Internet infrastructure services targeting businesses across China, and provides educational

services to incubate enterprise management and e-commerce professionals. Alibaba.com also owns Vendio and Auctiva, leading providers of third-party e-commerce

solutions for online merchants. Alibaba.com has offices in more than 70 cities across Greater China, India, Japan,

Korea, Europe and the United States

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CITIC BANK

A new breed of Chinese Bank

CITIC Group established in 1979

State owned and tenth largest bank

Listed on Hong Kong and Shanghai Stock Exchanges

Central Party Committee and the State Council appoints PartyCommittee of CITIC Group

Striving to develop CITIC as a world class conglomerate

Offices in Tokyo,New York and Kazakhstan

Plays a key role in motivating fiscal stimulus package

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Insigma Ranked as Leader in IAOP 2011 Global Outsourcing

100 Service Providers

A leading global IT and BPO service provider

Developed as a spin out from Zheijang University College ofComputer Science and Technology and the former Presidentof Zheijang University

Developing Intelligent City projects with Chinese localauthorities and regions

Alliance with IBM US

Developing Intelligent technology Parks, IntelligentLogistics, Intelligent City Strategies

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XIZI UHC Xizi UHC is a large-scale enterprise with more than 11 billion CNY in asset and

nearly 7000 employees. The sales revenue in 2008 exceeded 12.5 billion CNY.

Insisting on Capital Diversification and Product Specialization, Xizi UHCattaches great importance to the balanced development of R&D, manufacturingand service. Our products include elevator and elevator components, boiler,parking system, crane, steel structure, real estate, investment, generalmerchandise and so on. Our subsidiaries include joint ventures like Xizi Otis andXizi IUK, which are jointly established through the cooperation with several

famous Global Fortune 500 enterprises, as well as several Chinese industryleading companies, such as Hangzhou Boiler Group, Xizi Trust Tech, XiziForward, and so on. We are ranked No.1 in global commercial escalator marketand in China domestic elevator component, parking system, waste heat boilerindustries.

Join ventire with Otis Elevator.

Has a Xizi United University and a XIZI research institute encouragingtechnology innovations

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From June 25 to June 26, accompanied by Zhejiang Provincial Party Secretary Zhao Hongzhu, and Zhejiang Governor LvZushan, Premier Wen Jiabao came to Hangzhou to investigate the current economic situation. He visited Hangzhou Xiangrun

Garment Co., Ltd., Alibaba Network Co., Ltd., Zhejiang Xizi Forward Electrical Machinery Co., Ltd., Zhejiang HangchaEngineering Machinery Co., Ltd., and Hangzhou Oxygen Plant Group Co., Ltd. In each company, he went to the workshop andheld discussions with management staff and employees to collect industrial information including fabric and garment, e-commerce and equipment manufacturing, etc, as well as the operation, research and development, and sales situation of thecompanies. Later on, he chaired a meeting participated by chief leaders of Shanghai, Jiangsu and Zhejiang provinces to studythe present economic situation.Zhejiang Xizi Forward Electrical Machinery Co., Ltd. mainly produces electrical machines for elevators. Its flagship productnamed permanent magnetic synchronized gearless tractor features high efficiency, low power consumption and environmentalfriendliness.On the afternoon of June 25, Premiere Wen came to Zhejiang Xizi Forward Electrical Machinery Co., Ltd., and was warmlywelcomed by Xizi UHC Chairman Wang Shuifu, President Chen Xiaxin and other company members. After being briefed of thecompany history, strategy, accomplishments and culture, Premier Wen was very pleased. He kindly asked questions to severalproduction line employees about their work. Then, he talked to people around him: Just now, your general manager told meabout the four No.1s that Xizi has accomplished. You have good confidence. The company is far-sighted by focusing on energyconservation, environment protection and improving product quality. You also did a great job in innovation. Its good that weproduce products that other nations cannot produce, and produce better quality products than other nations. Xizi started from asmall factory. Now it has world-class products, technology and talents. I can see the company has a bright future. Moreover, thecompany pays great attention to social benefits. A company should not only seek profit, but also serve the general public.Worldwide competition is very fierce now. I hope you can accomplish more No.1s in the world and keep those No.1s.

The words of Premier Wen are the recognition of Xizi UHCs development, and also the inspiration and expectation for each Xiz iUHC member to work even harder and to make Xizi UHC the best company in the industry.

Premier Wen Jiabao Encourages Xizi UHC toAccomplish More No.1s

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UTStarcom Announces a Proposed Reorganization to Change its Place ofIncorporation from Delaware to the Cayman Islands

http://www.utstar.com/

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http://www.utstar.com/http://www.utstar.com/


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UT STARCOM (nasdaq:UTSI)

A global leader in the manufacture of IP basedintegration and end to end networking andtelecommunications solutions

Customers include the largest service providersin emerging markets

Internet protocolTV (IPTV),Next GenerationNetworks (NGN);Broadband

Leading provider in Asia.

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Bank of Beijing

Established 1996 Partner of ING Group and IFC Branches in Tianjin,Shanghai,Xian Shenzen,Hangzhou,Nanjing Village Banks in Yanquing 2007 listed on Shanghai Stock exchange 2010 est first domestic finance company and life

insurance joint venture with ING

Shift to Chinese Banking sector a priority

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CHERY AUTOMOBILE 7th largest Chinese vehicle manufacturer based in Anhui Province

Founded 1997 as a SOE and uses Volkswagen SEAT technology

Top Chinese car exporter since 2003

Technology alliances with AVL Austria (engines) and Bosch

(transmissions) and Fiat

Aiming to produce electric vehicles and has JV with Israel and a new plantopening in 2012 in Changshu,Jiangsu Province

Wuhu Economic and Technological Zone established in 1993 as a state

level zone. Many component manufacturers located in Heifi HI-TechIndustrial Zone. Hifei High Tec Park

Awarded advanced zone status under the Torch programme 2003

Strong links to Anhui University of Technology and Science in Wuhu36


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What is TM?

identification,development,engagement/retention/ deployment of employees particularlyvaluable to an organization, either because they

are high-potential or because they fulfilbusiness-critical roles (Tansley et al 2007 CIPD)

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Conclusions and Implications


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Conclusions and Implications

Chinese Business Schools and British Business Schools need closerunderstanding of their respective partners economies and needs

Greater policy understanding is required eg. Importance of the Torch programme

Most Chinese companies in our survey complained that graduates needed morecompany training and orientation, as at university they do not develop the skillsneeded in the company workplace some had established their own Universitiesinternally

Our project experience reveals that there is little in the way of systematicforums through which labour market needs and skills considerations and theimplications of globalisation can be considered between Chinese BusinessSchools and Chinese Business and greater understanding reguired of SMEs andSOE needs

Although Chinese government encourages collaboration between universities andbusinesses, but collaboration with ZJUT for example, in the non-scientific and

technical fields of management and leadership is limited. Much collaboration hasbeen technology driven.

Much needs to be done for the 2011-2015 period to develop collaboration anddevelopment on key issues in management education and graduate employability.

There is a need to consider how to develop this work in the current environment aswell as the need for more consistent student survey and feedback for internationalstudents to enable courses to be monitored, evaluated and improved and graduate

destinations to be understood.38

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What are the issues?

Employer engagement underdeveloped Graduate destination surveys underdeveloped Applied Research underdeveloped Cultural Awareness matters- more required

Internet and Computing less interactive and needsdeveloping Established Partners long term plans are essential Leveraging additional funding important Developing trust is critical. Many dinners!

BS Research on high technology growth sectors andcompanies is underdeveloped and needs more support

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References

Hartmann E., Feisel, E., and Schober, H. (2010), Talent management ofwestern MNCs in China: Balancing global integration and localresponsiveness, Journal of World Business 45,2, 169-178

Iles, P., Chuai, X. and Preece, D. (2010), Talent Management and HRM inMultinational companies in Beijing: Definitions, differences and drivers,Journal of World Business, 45,2,179-189

Iles PA and Yolles (2006) Culture and transformational change with Chinasaccession to the WTO: the challenge for action research Journal ofTechnology Management in China vol 1, no 2, 147-158

PMI2 (nd) The Prime Ministers Initiative for International Educationhttp://www.britishcouncil.org/learning-pmi2-fe-funding-opportunities.htm

PMI2 (2008) China Briefing University of Wolverhampton, 10th July 2008

http://www.britishcouncil.org/eumd-pmi-china-briefing-2008.htm Preece D, Iles PA and Chuai X (2010) Talent management andmanagement fashion in multinational corporations in Beijing InternationalJournal of Human Resource Management(in press)

Shutt J & Cheng H ( 2009) The changing Chinese economy: a case study ofHangzhou Regions 275, Autumn, 5-9

Zhu X,Iles.P,Shutt J(2011) Journal of Chinese Entrepreneurship.40
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