Firms can learn a lot from CPC

Three decades of unprecedented reform has created an economic miracle in China and made it the second largest economy in the world. But many Chinese enterprises, specially the medium- and small-sized ones, are still battling to improve corporate management.

The most important thing for Chinese enterprises to do is to incorporate management into Chinese society and culture, says Zhou Dajiang, author of Dangshi Shangjian (Business Wisdom as Reflected in the Communist Party of China's History, 1921-1949).

The 41-year-old independent research scholar, who graduated from Shanghai University of Finances and Economics and worked for a realty company for a short time, says: "Chinese enterprises should especially learn from the wisdom of the Communist Party of China (CPC.)" The Party has expanded from just more than 50 members in 1921 to 80 million today. It formed a growing army of members and finally founded the People's Republic of China (PRC) in 1949.