On Mon, 4 Mar 1996, John O'Neill wrote:
> societies to the Asian, collective societies.
I read in a recent "Economist" magazine that Jimmy Lai (maybe it's Johnny
Lai) the founder of Hong Kong's Next magazine and Giordano, a clothing
manufacturing company, said something like "Guanxi can only go so far.
Sooner or later they have to create value." [A translation of Guanxi is
basically when stakeholders make decisions on allocation of resources
based on family or other ties instead of merit. I think it's called
nepotism.]
I think Lai is okay at generating value. He grew up on the streets of HK,
got a job in a plant, worked his way to becoming owner, founded Giordano,
reached a net worth of $500 million dollars, and then founded Next
magazine.
Andrew Moreno
amoreno@broken.ranch.org
--Andrew Moreno <amoreno@broken.ranch.org>
Learning-org -- An Internet Dialog on Learning Organizations For info: <rkarash@karash.com> -or- <http://world.std.com/~lo/>