Written by APCA Staff
Depending on your viewpoint, the recent turbulence in the Chinese stock market was either a simple correction or the beginning of a full-blown financial meltdown. This turbulence has since spread to Japan and the US among other countries.
While it's difficult to predict both the severity and length of this stock drop as well as floor for and impact of the devaluation of the Chinese Yuan, it is a perfect opportunity and a critical opportunity to understand where China is in its economic development stage.
China has witnessed and experienced unprecedented growth. More importantly, the duration of this growth as well as the sheer scope of it has created numerous imbalances and downright poor or dangerous practices in the process.
While this is going to cause some pain for China, it's going to be a massive business boon for Coaches and Consultants in both China and the Asia-Pacific region to add value.
Well, leading up to every crash there are numerous stressors placed throughout and inefficiencies plaguing the economy (any economy for that matter) -- many of which will have reached a bursting point, just as the economy itself has burst. However, as the economy slowly corrects and improves, these stressors hit an inflection point and something either mitigates them or eliminates them completely.
This is often intertwined with the adoption of key technologies.
In the case of China in particular and Asia-Pacific at large, we see huge opportunities in helping China modernize its companies to be Global in nature. This requires major work ranging from branding, to talent acquisition, talent deployment as well as the deployment and utilization of FRO Automation solutions.
While there will surely be some heavy immediate and mid-term pain, the long term prospects for China and Asia-Pacific are Golden indeed.
But to monetize these opportunities, one must position themselves now, to reap the coming harvest.
The Asia-Pacific Coaching Alliance (APCA) is the #1 Gateway for Asia-Pacific Coaching Opportunities and Knowledge™.