October 2013
Beginner
370 pages
10h 31m
English
Content preview from The Chinese Entrepreneurship WayBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 5
Entrepreneurship by Innovation in Management. Yang Mianmian, Haier
The origins of Haier date back to the early 1920s, when a refrigerator factory was built in Qingdao to supply to the Chinese market. After the establishment of the People’s Republic of China in 1949, the factory was taken over and turned into a state-owned enterprise.
By the 1980s, the factory had accumulated a deficit of over RMB 1.47 Million (about €147,000) and suffered from a dilapidated infrastructure, poor management, and a lack of quality control as a result of the planned economic system. Production had slowed to a trickle, rarely surpassing 80 refrigerators a ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.