I had a buffet breakfast on the 2nd floor. There was a variety of food provided. It was so delicious. I liked it so much.
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| University of Shanghai Science and Technology |
Today, we had a lecture at the University of Shanghai Science and Technology. We departed from the hotel around 7:45am but the traffic was terrible in the morning. We arrived half hour late at the university. I still remembered when I went to Shanghai the beginning of this year before Expo commenced. The traffic was not that bad because there were not many tourists. In addition, I always took subway rather than road transportation, so I could avoid the traffic.
We were happy to invite Professor Li from business school at the University of Shanghai for Science and Technology to have a brief introduction about doing business in China.
Firstly, Professor Li gave us some background information about China. The population in China was about 1.33 billion. China had “one child” policy to limit the growth, so the parents paid more attention on their child’s education. The estimated population would peak to 1.47 billion at 2040. People in south and east coastal regions were wealthier than the people in north and west. The population problem that China would be facing was aging and declining births.
GDP’s growth in China declined under global economic slowdown (2008 – 2010). In 2009, the growth is 8.7%. Foreign direct investment declined, unemployment rate was high, and export and import also declined. However, the China government had a stimulus package to increase more construction plans in order to boost up the consumer confidence index.
There were a few reasons that we should do business in China:
Significant size of the company
Growth resiliency
Maturation of reforms and opening up
Entry into WTO
A global low cost manufacturing base
Low cost engineering talent, skilled labor, and high quality
This presentation made me more understanding about China and how to do business in China.
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| Omron Corporation |
Then, we visited Omron Corporation. It was a Japanese company based in Shanghai producing automatic control system, sensors such as motion control, temperature controllers, and safety sensors. Omron promoted zero inventory called pull system. It meant the inventory just kept the minimum stock. When the customer ordered the products, the first they would clear the stock then ordered the products from headquarters. That was why the location of the stock and headquarters were very close by.
We walked through the production line and there was a team cycle which made me so impressed. One person started the process and also the same person finished the process. He / she was the one who would be responsible to make sure the product was workable and safe to use.
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| Acrobatic Show |
Omron also provided different levels of trainings to the employees to make sure they were capable to work different sections in the production line. That would help to reduce claiming overtime or cause uneven distribution of workload. Omron provided a strict quality control on their products. They treated employees well. All meals were free and dormitory was provided as well. They provided all the tools to make sure employees work in a safe environment.
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| 7 Motorbikes riding in a small-rounded cage |
Tonight, we went to see acrobatic show. There were several tour groups going to see this show. Although I used to see acrobatic on the TV show when I was in Hong Kong, this would be my 2nd time to see acrobatic on live. I liked the last part was at least 7 motorbikes getting into a small-rounded cage. They speeded up and made the colorful front and back lights on. It was dangerous if one of them drove the wrong way, it might cause the others crashing each other. As a whole, it was a good show.
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