Business Times p.B1
Saturday, October 18, 2008
LEARNING & INNOVATION
By Moje Ramos-Aquino, FPM
Tech savvy Chinese entrepreneurs
The world's leading economies are banging their head brainstorming for the best band-aids to their financial meltdown woes, unmindful of children still falling ill or even dying of contaminated food from
Never mind the melamine, formalin and who knows what other substances that seem to be staple ingredients in China-made products, oblivious of the hazards they bring to those who use them.
This financial problem is manmade, courtesy of greed, mismanagement, bad governance and speculations. News have it that the AIG top brass went on a $400,000 ($23,000 spent on spa services) out-of-town pow-wow immediately after they got wind of the $200-billion bailout they're getting from the government.
Yet, leading government managers, economists and financial experts seem hopeless not knowing the four Ws and one H of their problem and, therefore, unable to come up with the right solution. What about using their five senses or the Kepner-Tregoe Problem Solving Technique or the Blue Ocean Strategy?
While they are at it,
Author Rebecca Fannin (Silicon Dragon, McGraw-Hill, 2008) sat down with 12 top Chinese whiz kids and their investors and came up with a list of successful copycat enterprises, venture capitalists and innovators to watch.
She discovered that
Financial journalist Fannin identified these hot up-and-comers as:
Less than a decade later, he became a multimillionaire and tech superstar in
Alibaba, the wizardry of Jack Ma. Not even Harry Potter's author could come up with a tale as magical as Jack Ma's. He rose from the ashes of the Cultural Revolution to head
Dangdang.com, the Amazon-plus of
Chinacars.com, cruisin' with style. Car ownership in
Enter John Zhang, who has modernized the all-American AAA brand down to its name: Chinacars Club (CCC). Next, Zhang has his eye on the Nasdaq listing.
Oak Pacific Interactive, Web 2.0 on steroids. Imagine MySpace, FAcebook and Craigslist rolled into one company. That's
Bokee.com, growing pains.
We'll share with you the other exciting companies next column.