Asian innovators yield higher shareholder returns
In the Chinese word for crisis ‘weiji’ (危机), ‘wei’ 危 means danger, and ‘ji’ 机 means opportunity. Crisis does not have the same meaning in China as in Western society. Chinese people believe that danger can be turned into opportunity, if one acts wisely according to under the circumstances. This mentality can be clearly seen in the way that China has tackled the global financial crisis.
Interesting article from Fei Chen, Coloplast, on her views on the differences between Chinese and Western innovation management. The article was published in InnovationManagement.se.