Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：31  发布时间：2025-08-21

With the rise of Japan and Asia, the global corporate landscape is being rewritten. By 1981, one-third of the companies that were listed in the Fortune Global 500 in 1970 had disappeared. Newly elected US President Reagan abandoned Keynesianism and decided to activate the sluggish US economy through more market-oriented means and loose fiscal control. Those arrogant large companies have also begun to struggle with transformation, with a new generation of entrepreneurs who are more competitive and innovative coming to the forefront. Jack Welch, the newly appointed CEO of General Electric, went to a small city near Los Angeles to visit Peter Drucker, the most well-known management expert in the world, and seek advice on how to integrate thousands of subsidiary companies. Drucker taught him a small trick: "Whether your company is valuable or not, you just need to see if anyone is willing to spend money to buy it." After returning, Welch proposed the "first two" strategy: if General Electric's companies cannot become the industry's first or second, they will be eliminated. At Intel, President Grove began building a highly organized and holistic corporate structure, even proposing the concept that 'only paranoia can survive'.

On the level of new technology, 1981 was an exciting year. On August 13th, IBM unveiled the first PC5150 computer to the world and established industry standards, marking the beginning of the personal computer era. IBM dominated this market until 1994.