Leadership of Bank of China
Yuzhou He
MANA3302-H2
2013-12-03 Leadership of Bank of China (Employee / Labor Relations)
Introduction of the Bank of China
The place where I had completed my internship is Bank of China, which is one of the most influential and high-ranking banks in China, even in the world. Its long term reputation and credibility obtained from the global industry, customers and widely recognized authority. According to some global financial rankings in 2003, based on its core capital among the bankers, the bank of China was the 15th largest bank in the world and the largest and powerful capital bank and the second largest commercial Banks in Chinese banking industry. The Bank of China has been recognized by the European Currency for 9 times as the best bank in China and documented by the Fortune Magazine for 15 consecutive years as one of the world 500 strong enterprises. In 2002, the Global Financial Magazine from the United States named it as the best trade finance bank of China and China's best foreign exchange bank. The Far Eastern Economic Review evaluated it as the top 10 enterprises which provided the best products and services in China.
Chinese Leadership Model
In China, because of the long history and thick traditional thoughts, Chinese leadership model has its own feature. The traditional relationship between leader and subordinates is like monarch and ministers in the history. The subordinates comply with the leader completely. This kind of conventional Confucian culture, which originated from thousand years age, makes long-term influences on China and formed that management styles in Chinese enterprises of the following two characteristics (“Culture of China,” 2009). Those are even quite strange for some leaders and employees with international background. The Chinese style leaders are not like empowering to their subordinates to carry out the work. In this established hierarchy, the leader has great power, while the subordinates only have the
MANA3302-H2
2013-12-03 Leadership of Bank of China (Employee / Labor Relations)
Introduction of the Bank of China
The place where I had completed my internship is Bank of China, which is one of the most influential and high-ranking banks in China, even in the world. Its long term reputation and credibility obtained from the global industry, customers and widely recognized authority. According to some global financial rankings in 2003, based on its core capital among the bankers, the bank of China was the 15th largest bank in the world and the largest and powerful capital bank and the second largest commercial Banks in Chinese banking industry. The Bank of China has been recognized by the European Currency for 9 times as the best bank in China and documented by the Fortune Magazine for 15 consecutive years as one of the world 500 strong enterprises. In 2002, the Global Financial Magazine from the United States named it as the best trade finance bank of China and China's best foreign exchange bank. The Far Eastern Economic Review evaluated it as the top 10 enterprises which provided the best products and services in China.
Chinese Leadership Model
In China, because of the long history and thick traditional thoughts, Chinese leadership model has its own feature. The traditional relationship between leader and subordinates is like monarch and ministers in the history. The subordinates comply with the leader completely. This kind of conventional Confucian culture, which originated from thousand years age, makes long-term influences on China and formed that management styles in Chinese enterprises of the following two characteristics (“Culture of China,” 2009). Those are even quite strange for some leaders and employees with international background. The Chinese style leaders are not like empowering to their subordinates to carry out the work. In this established hierarchy, the leader has great power, while the subordinates only have the