Michael Liagine of MultiReach draws an analogy between Chinese Swimmers’ performance on Olympic Games and Chinese Corporations in Global Arena:
August 2004 was the time when the Olympic Games took place in Greece. Back then, I was a young enthusiastic student in Beijing. I remember myself following qualification heats and finals on TV while practicing Chinese characters. On my free time, I was swimming in a big Communist era swimming pool close to Wang Fu Jin at the center of Beijing.
As a swimming enthusiast, it was easy for me to notice the most significant change in that discipline- the phenomenal success of Chinese swimmers in the Olympic pool of 2012. It is amazing especially due to the fact that swimming was NEVER a traditional Chinese discipline like gymnastics, badminton or ping-pong. China began to develop swimming as a discipline hardly 10 years ago… and look where it has gotten. Nowadays, China is outperforming known swimming nations like Australia, Holland & Russia with raising stars like Sun Yang and Ye Shiwen, a 16 years old female who swam last leg of 400m Individual Medley faster than American super-star Ryan Lochte.
Overall medal count shows even more impressive results with China winning more Gold medals then any other team in both traditional and new disciplines (from China’s point of view) like tennis, track & field and others. During the “Cold War”, Olympic Games and other sport’s events, were always an opportunity for “Super Powers” to show their might. Back then, US and USSR were competing each other on the overall medal count. Today, all eyes are on China.
Thus,China’s performance in Olympic Games is applicable to the Business World. You get to see same determination and devotion both in Individuals and corporations inChina. Traditional and new emerging industries are rapidly closing the gap with western corporations, while spending on R&D is constantly growing and so does global presence. Hence, Chinese corporations account for 70 of Forbes’ 500 companies. Many of them evolved as leading global players in different industries. One notable example is the Telecommunications industry, where Chinese corporations ZTE & Huawei evolved in the last decade are dominating over legendary Motorola, Nokia, and Erickson.
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