Fortune Makers (Hardcover)

The Leaders Creating China's Great Global Companies

By Michael Useem, Harbir Singh, Liang Neng, Peter Cappelli

PublicAffairs, 9781610396585, 288pp.

Publication Date: March 14, 2017

Other Editions of This Title:
Compact Disc (3/13/2018)
MP3 CD (3/13/2018)
Compact Disc (3/14/2017)
MP3 CD (3/14/2017)
Compact Disc (3/14/2017)

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Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution.

Outside of brand names such as Alibaba and Lenovo, little is known, even by the Chinese themselves, about the people present at the creation of these innovative businesses. Fortune Makers provides sharp insights into their unique styles--a distinctive blend of the entrepreneur, the street fighter, and practices developed by the Communist Party--and their distinctive ways of leading and managing their organizations that are unlike anything the West is familiar with.

When Peter Drucker published Concept of the Corporation in 1946, he revealed what made large American corporations tick. Similarly, when Japanese companies emerged as a global force in the 1980s, insightful analysts explained the practices that brought Japan's economy out of the ashes--and what managers elsewhere could learn to compete with them. Now, based on unprecedented access, Fortune Makers allows business leaders in the United States and the rest of the West to understand the essential character and style of Chinese corporate life and its dominant players, whose businesses are the foundation of the domestic Chinese market and are now making their mark globally.

About the Author

Michael Useem is William and Jacalyn Egan Professor of Management and director of the Center for Leadership and Change Management, Wharton School, University of Pennsylvania.
Harbir Singh is William and Phyllis Mack Professor of Management and co-director of the Mack Institute for Technological Innovation at the Wharton School, University of Pennsylvania.
Neng Liang is Professor of Management, Director of the Case Development Center, and Associate Dean for Faculty, China Europe International Business School, China.
Peter Cappelli is George W. Taylor Professor of Management and director of the Center for Human Resources, Wharton School, University of Pennsylvania.

Praise For Fortune Makers: The Leaders Creating China's Great Global Companies

"Surprising insights...The authors ably demonstrate how the once-countercultural practice of capitalism in China remains unlike the variety practiced in the West. Full of object lessons, this is a valuable overview for students of international commerce."—Kirkus Reviews

"A lively exploration of the Chinese way of doing business."
Publishers Weekly

"Fortune Makers chronicles how a new brand of Chinese business leaders have thrown off the shackles of the Cultural Revolution and State-owned enterprises to lead aggressive private companies into the global business arena. The authors-Cappelli, Liang, Singh and Useem-provide a fascinating glimpse what makes these CEOs and the companies they lead tick, while sounding an alarm bell for all those Western competitors that will need to up their game to be successful in the future. This is a book that should be required reading for anyone conducting international business inside or outside of China."—Arthur D. Collins, Jr., former Chairman and CEO of Medtronic, Inc., and Managing Partner, Acorn Advisors, LLC

"Fortune Makers provides an extremely interesting perspective on a new breed of global companies with roots in China. As the chief marketing officer of Lenovo for four years, I had the unique privilege to observe and engage in the operations of one such company. Made me a huge believer in the massive impact companies like Lenovo will continue to make on the global stage. To understand how China's great private companies are being directed and led, this is the book to read."—Deepak Advani, Managing Director of private-equity firm, Hellman & Friedman LLC, and formerly Global Chief Marketing Officer of Lenovo and General Manager of IBM Commerce