This is a big topic and also a hottest topic. But I’m not going to discuss it like a politician nor an economist. I’m going to make a miniature comparison in a particular industry, telecom/IT related industry, which is the sector I’m working at and passionate about.
My idea about this topic was initiated with the discussion with my director. He introduced me an article in internal magazine about working hard and making contributions to company. Then i came up with numerous thoughts and ideas about China vs. US.
Q1: In china, the society embraces the idea of working hard and contributing to country and society. While in US, as i know and believe, the society actively support individual success, to realize your own “american dream”.
Q2: However, in contrast to the idea of making contribution to society and others. in China, according to my own experience from primary school to university, I wasn’t taught a lesson or haven’t had a project with others to learn about team work. I was judged by my scores of exams which were always done by myself. Not any work was required cooperation. To make it worse, as a single child in my family, my whole family treated me so well that i felt myself as a king. I admitted that i had great difficulties to adapt myself to the society/job environment and learn to work with others and to be a good team player.
While in US, according to my preparation of MBA and the application essays, the society emphasizes the importance of being a team player even though in parallel it encourage personal success and realization.
What a paradox in both of these two countries.
Now Let’s take a look at the result. A comparison of the NO.1 of Fortune 500 in china in the telecom/IT/Electronic sector and other well-known US high-tech companies.
The NO.1 in china is Huawei Technology. I’m very proud of it, a high-tech company, which developed from a start-up to a giant enterprise with over 95000 employees within 20 years.
Let’s compare its financial record with those of other US high-tech companies (2009)
Revenue (billion) Net Profit Employees
Huawei 21.3 2.68 90000
Apple 42.0 8.4 34300
Microsoft 58.4 14.5 93000
Google 23.6 6.5 20000
Ebay 8.7 2.3 15500
Cisco 36.1 6.1 63000
The difference is efficiency. Why the US peers master the efficiency of making money and profit? Because each of above US companies created their own business model and creat a high barrier for competitors to enter. Then why always US companies are able to lead the trend and creat innovative business model/product/capital model again and again? That’s the question i want to find out during my future MBA in US.