The charm of multinational enterprises has faded,

2022-07-22
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A report by Bain, a leading management consulting company, shows that in the next 10 years, Chinese local enterprises will begin to surpass multinational enterprises in attracting the next generation of local management talents

A report by Bain, a leading management consulting company, shows that in the next 10 years, Chinese local enterprises will begin to surpass multinational enterprises in attracting the next generation of local management talents

The report points out that many Chinese executives are willing to give up pursuing predictable career paths in multinational companies and choose to work in local companies

Lu Jianxi, partner of Bain and co-author of the report, said: "in order to poach talents from multinational enterprises, Chinese local enterprises have improved their competitiveness in terms of experience, salary, staff training and development."

"their fast-growing business provides opportunities for Chinese local talents to quickly take leadership positions."

decades ago, it was rare for many Chinese business leaders to build their own careers in Chinese multinational enterprises. However, the situation of talents has changed

in the past five years, only 10% of multinational enterprise leaders came from local enterprises, while nearly one third of local enterprise leaders had worked in multinational enterprises

this is because local enterprises are expanding their business and now provide career development opportunities that can fully compete with established multinational companies

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