China Business Summit - October 2013

Case Studies surface key challenges & offer solutions

On 20th September 2013, 50 senior business leaders, both Australian and Chinese, from a wide range of sectors met over breakfast to consider what will help Australian organisations to thrive in a century dominated by the rapidly growing economies of Asia, especially China. The Summit was opened by Austrade, hosted by King & Wood Mallesons and led by UGM Consulting.

After an opening address by Laurie Smith of Austrade, two live case studies were presented, where organisations are actively engaged in doing things differently.

The first examined the innovative approach to forging good working relations currently being implemented at CITIC Pacific Mining, one of China’s most significant investments in the Australian resources sector. Warren Fish, Executive Director HSE & Corporate Logistics, outlined the key features of the CITIC approach, called ‘The HUBU Way’, and the positive impact that this is starting to have on both safety and performance metrics.

The second case study was presented by Yi Zhang, David Olsson and Beau Deleuil. They shared the behind the scenes story of the creation of King & Wood Mallesons, one of the world’s first Sino-Australian global law firms. The lessons learned and next steps on their journey were also outlined.

Margaret Byrne, from the UGM team, introduced her new book (‘Business Success in the Asian Century’) and described what it means to be Asia capable, together with the business risks organisations face if they are not. Finally, led by UGM’s Grant Robertson, those present engaged in a robust conversation, exploring what needs to happen next, if Australia and China are to increase their business collaboration to mutual advantage.

Download Summit Outcomes

Please call us on (02) 9964 9861 for additional information about the China Business Summit 2013 or related information. Insights from the China Business Summit are useful for any organisation wanting to build China-capability over time. They are also worth considering when preparing for a trade mission, along with other cultural competence development activities.

Call us now on +61 2 9964 9861 for more information about developing cultural competence..

UGM adopts an evidence-based, cultural intelligence approach to the related issues of cultural diversity, cultural awareness and international business. This develops an Asia capable workforce as well as one which is culturally competent in global settings. We focus on the cultural competence needed to implement strategic plans. This involves developing specific intercultural (or cross cultural) skills to behave effectively and appropriately in relation to cultural differences. It may also include consideration of unconscious bias and building inclusive cultures.

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