Read e-book online China Calling: A foot in the global door PDF

By Alex Mackinnon

ISBN-10: 0230594204

ISBN-13: 9780230594203

ISBN-10: 134930283X

ISBN-13: 9781349302833

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Extra resources for China Calling: A foot in the global door

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Management researcher Herbert Simon argues that it is not possible for any single isolated individual to reach high degrees of rationality. Bounded rationality We all therefore pursue ‘bounded rationality’ – behavior that is meant to be rational, but suffers from limitations caused by factors such as lack of knowledge, foresight, skill and time. Looking for the sharpest needle in the sewing box is less likely to produce a timely solution than finding any needle sharp enough to sew with. 26 Strategic shock The timely solution is ‘satisficed’.

The cultural feedback loop depends on time. 17 China calling 18 A dynamic system The principles of a dynamic system have three elements. There is a space in which the dynamic system operates. This could be, for example, strategic management, operations management, financial management, whether to build a nuclear submarine, or whether to buy a new car or not. There are rules for deciding how to move from one point in the space to another. Buying a new car, for example, might require considerable problem solving practice if the rules are laid down by your spouse!

A longterm core strategy should be both flexible and sustainable, with the retention of competitive advantage being more important than the immediate gain. Modern Chinese strategy aims to colonize by creating and taking opportunities, with Western techniques used for the colonization and Chinese tactics deployed for the battles. The space has different but compatible rules for the short- (battle) and longterm (colonization) time requirements. This would be common sense: horses for courses. Strategy then tends to become an adjective – strategic thinking, planning, implementation, management, control, and more.

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China Calling: A foot in the global door by Alex Mackinnon

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