Jack Pankowski

Jack clearly realized that China's management training is decades behind that of the United States. He used traditional methods to supplement this deficiency in management with managers from other countries. At the end of 1996, his work in managing Chinese enterprises failed. So Jack began his second plan, appointing a team of ancient Chinese managers to inherit the joint venture factory and attempting to improve their management skills. But this method still has no effect. In 1997, ASIMCO, founded by Jack, suffered a loss in performance. The fate of the company is in crisis, and Jack begins to use his third plan - the New China Strategy. This strategy focuses on hiring and strengthening modern management skills training for local young people in China, as well as open thinking towards new ideas. In the next two years, ASIMCO achieved a major overhaul of its management structure by introducing over 50 new Chinese managers. He recalled that our financial performance improved almost immediately. Jack wrote about his experience and the advice of insiders in a book published in 2008- How to Build a Billion Dollar Enterprise in China by Managing Dragons. Jack is also nicknamed China Hand. Currently, Jack is the founder and CEO of Jack Holdings Commercial Bank. Jack's clients, both Chinese and foreign companies, want to use his network and knowledge to grow their businesses. For foreign enterprises, he provided some standard suggestions. The top priority is to find an excellent Chinese manager. If you want to succeed, you must turn it into a Chinese enterprise. For enterprises in major coastal cities, the most important thing is to meet local government officials, as they will be the biggest driving force for your business development.