I first met Geoff Baker and Helen Zhang in January 2013 at the Think Global forum day in Hong Kong as part of my first Asia delegation. Having been there for almost a week I’d wished someone had told me to read the book before the trip! I loved the stories they shared, especially the protracted meetings and entertainment that goes along with doing business in China. For those that don’t drink (or want to stay alert!) you can have a drinking delegate to keep up with the toasts – could be a popular job in Australia as well!
Check out this article from 2015 delegate and business friend Peter Black. The book Inside the Chinese Mind can be downloaded from Amazon.
I had the benefit on the Invest in Australia Mission of being introduced to Geoff Baker, originally an Australian lawyer and investment banker, who co-authored with his Chinese born wife, Helen Zhang (both pictured below with IIA mission leaders Caroline Hong and David Thomas) , a book titled “Inside the Chinese Mind: A Guide on How the Chinese Think”.
For anyone doing business, working with or sharing experiences with people originally from China, I highly recommend this book as an essential, well laid out and easy to read fast track guide to start to understand the many centuries of influences on the current culture which has shaped the Chinese people.
Some key concepts which are covered in the book, with the Chinese terms well described, include:
- The Five Core Elements of Chinese Thinking
- Language that Shapes the Mind
- Yin and Yang
- Chinese Connectedness
- Midstream Living
- Face “mianzi” – More Important than Life Itself
- The different types of Enterprises in China – State, Private and Foreign
- The difference between leaders and decision makers
- The work ethics of the different generations – with particular emphasis on some changes coming through with Generation Y
- Communication and relationships in China – including “guanxi“, what “Yes” actually means and the various “Circles of Influence”
- Both the Big Things and the Little Things that matter
- How the Rule of Law works and how agreements and conflict are actually handled.
(Geoff Baker, Helen Zhang, Caroline Hong, David Thomas)
For more articles from Peter Black, Executive Coach and TEC Chair, on his experiences during the Invest in Australia Mission and Asia Financial Forum, check out his blog here.
Planning is underway for a Thnk Global delgation to Australia China Business Week 2015 in May to Guangzhou and Hong Kong – register your interest here.
For those considering a board career there are a number of risks to consider in relation to managing your personal and family wealth.
It is important when considering a role, to ensure the following risk mitigants are addressed:
- Board due diligence
- Directors and Officers insurance
- Protecting personal assets
In this booklet, compiled following conversations with a range of directors from ASX listed companies, to family businesses, charities and professionals working in the sector, are a range of strategies for managing personal financial arrangements for those who aspire to a portfolio career including board appointments.
You can download the Company Director booklet here.
A guide to navigating the Australian financial services and migration landscape
This booklet compiled by Stacey Martin and members of Expat Advisors Community provides a comprehensive guide to assist Significant Investor Visa (SIV) applicants on their journey from applying for the visa, investing in Australia, and ultimately relocating to enjoy Australia’s enviable lifestyle.
It has recently been updated for the new Significant Investor Visa investment framework from 1 July, 2015 which includes mandated investment into venture capital and small companies in line with the Australian Governments innovation agenda.
Click here to download: Smooth Road to Travel China and Australia_July version
Have you completed our expat survey of financial services? Click here to access the survey which should take less than 10 minutes to complete.
In this interview on Eagle Waves Radio, Craig West of Succession Plus, speaks with Stacey Martin of NAB Private Wealth, David Thomas of Think Global, and Dr Caroline Hong FAICD Asia International Ambassador, SME Association of Australia.
Read more about the guests on the Eagle Waves Radio website.