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College jobs in management and for creating new businesses
T.P.Jackstraw Updated: 2004-02-07 10:00
Well, this is just my ever evolving picture of China's business situation, perhaps my assessment is a bit naive though, as I can only give a cursory perspective.
It appears that China's economy has concentrated on manufacturing, but only within some limited sectors. This is a large collection of steel manufacturing plants, automobiles and machinery (bound for international troubles), textiles, computer-related equipment (a very saturated market, I think) disposable goods and toys or accessories.
Airplanes, yachts, movies, music, tourism -- a lot of other sectors are available or are in need of some real help!
Manufacturing is where much of the job market for the Chinese graduate is, I think. College graduates must move into management positions, as other professions have very limited available funding. Manufacturing brings money in from overseas, which is where China must go for economic growth.
Manufacturing is doing well under the management of big foreign cooperative ventures but very poorly in the government operated enterprises, it seems.
My understanding is that the Chinese manufacturing businesses generally have overly stringent and stressful management positions.
Further, transitional businesses being turned over to employee ownership do not necessarily have the skills to correct management difficulties.
Graduates face a lot of competition to get a job with the better run businesses. It seems that the established job market has limited prospects, while the creation of new markets appears very risky.
A lot of small enterprises, like restaurants, which come and go rather frequently, reflect the vulnerability of the entrepreneurs and their inexperience. This is further frustrated by the lack of protection for new enterprises from the foibles that are inherent in operating a business, especially in China. To have enforceable protective laws and regulations, especially at the local level, and perhaps some incentives would help.
In addition to trying to foster investment interests, and to revamp banking practices, China might examine a program to pair college grads with smaller innovative enterprises from the West. However, this will require creating an entrepreneurial environment and incentives and protections will be necessary.
Well, that is a very simple sketch, things are much more complex, I know.
Go China!
| The above content represents the view of the author only. |
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