From the perspective of the entire "going up" globalization strategy stage, first-class multinational companies have the following characteristics in terms of operation and operation management:
Strategic clarity: Best-in-class multinationals usually have a clear strategic plan, a clear direction and goals for the development of the enterprise, and specific measures to achieve those goals. These companies typically have long-term development plans and are able to adjust their strategies in a timely manner in response to market changes.
Efficient organizational structure: Best-in-class multinational companies usually have an efficient organizational structure that can achieve effective allocation of resources and maximize synergies. These companies usually flexibly adjust their organizational structure according to business needs and market changes to improve their operational efficiency and competitiveness.
Refined human resource management: First-class multinational companies usually pay attention to the refined management of human resources, and select and cultivate outstanding talents with international vision and cross-cultural communication skills. These companies usually have sound HR policies in place, including recruitment, training, appraisal and incentives, to attract and retain talent.
Chain management optimization: First-class multinational companies usually focus on the optimization of chain management to ensure product quality and delivery time, reduce costs and improve customer satisfaction. These enterprises usually establish a sound chain management system, including business selection, procurement, inventory management, etc., in order to achieve the efficient operation of the chain.
Refinement of financial management: First-class multinational companies usually pay attention to the refinement of financial management, establish a sound financial management system, and strengthen cross-border financial management and risk control. These companies usually have detailed financial budgets and reporting systems in place to monitor and analyze financial data in real time to ensure that the financial health of the business is sound.
Strong ability to innovate: Best-in-class multinational companies usually have a strong ability to innovate and are able to continuously introduce new products and services to meet market demand. These companies typically invest significant resources in R&D and innovation to stay ahead of the curve and gain a sustainable competitive advantage.
Strong risk management capabilities: Best-in-class multinational companies usually have strong risk management capabilities and are able to deal with various uncertainties and risk challenges. These companies usually have a sound risk management system, including risk identification, assessment, control and monitoring, to reduce their risk exposure and improve their risk management level.
From the experience of serving more than 1,000 enterprises, Yonyou DHR has seen that Chinese enterprises have indeed made great progress in the "going out" strategy and the process of globalization. Initially, most companies internationalized by exporting their products to foreign markets, taking advantage of Made in China to capture market share. However, with the improvement of enterprise management level and the improvement of product technology content, Chinese enterprises have begun to pay more attention to the combination of internationalization elements and localization strategies.
In this process, enterprises need to continuously improve their global competitiveness, not only to have excellent products and services, but also to have efficient international management and operation capabilities. Therefore, UFIDA DHR believes that in the future, Chinese enterprises need to pay more attention to the development of the following aspects in the process of "going out" and globalization
Build a global management system: Enterprises need to establish a global management system, including the management of finance, human resources, and the first chain. By building a global management system, enterprises can better adapt to the changes and needs of the international market, and improve operational efficiency and management level.
Strengthen the implementation of localization strategy: Enterprises need to pay attention to the implementation of localization strategy in the process of internationalization, and understand the characteristics of local market demand, cultural differences, laws and regulations, etc. By strengthening the implementation of localization strategies, enterprises can better adapt to the local market environment and improve market share and competitiveness.
Drive digital transformation: As digital technology continues to evolve, companies need to adapt to the trend of digital transformation and use digital technology to improve efficiency, optimize processes, and enhance customer experience. Through digital transformation, enterprises can better adapt to the changes and needs of the global market and improve their core competitiveness.
Focus on sustainable development: In the process of internationalization, enterprises need to pay attention to sustainable development, comply with international regulations and ethics, and pay attention to environmental protection, social responsibility and corporate governance. By focusing on sustainable development, enterprises can establish a good corporate image, enhance brand value and credibility, and improve the competitiveness and influence of the international market.
In short, Yonyou DHR believes that Chinese enterprises have made great progress in the process of "going global" and globalization, but they still need to pay more attention to the development of management system construction, localization strategy implementation, digital transformation and sustainable development. Only by continuously improving our global competitiveness and adaptability can we better integrate into the global economic system and achieve sustainable development.