Jack Perkowski‘s book, Managing the Dragon: How I’m Building a Billion-Dollar Business in China, chronicles his journey to found Asimco Technologies, now one of the largest auto-parts makers in China.
In an interview with Forbes.com executive editor David A. Andelman, Perkowski talks about the lessons he learned and the newest sectors in China’s global expansion.
Perkowski: China’s an enormous country with a lot of opportunities and a lot of fast growth. So anybody, no matter how young [or] old, no matter their nationality, if they’re interested in going to China, I would say they definitely should, because there is opportunity.
Well, I think as Americans, we’ve obviously gone through a high rate of development in the last 40, 50 years. Maybe there’s something’s in our past that we’ve forgotten. I think we can learn, because the Chinese are now going through it, what I’ve learned is first of all, to be very patient.
The Chinese are very patient. I’ve learned to listen, harder and longer than I have, I’ve learned to not give in to my temptation, as an American, to act too quickly. I’ve also learned the importance of trust between individuals. The Chinese place a big premium on developing that mutual trust. Once you do that, there’s really no end to what you can accomplish in China.
Jack Perkowski is chairman and CEO of Asimco Technologies, one of the largest auto parts makers in China. He founded the privately held Asimco in 1994, investing in the Chinese market in advance of most of his peers. Today, Asimco has annual revenues just under $500 million, according to Forbes.com. Perkowski is the author of a business memoir, Managing the Dragon: How I’m Building a Billion-Dollar Business in China, published in March 2008. Originally from Pennsylvania, Perkowski earned a football scholarship at Yale and spent two decades working on Wall Street before going to Beijing.
ASIMCO CEO Jack Perkowski on China’s best sectors for business.