Author: Lichia Yiu

  • Lichia Yiu; “Role of Business Diplomacy Where Economic Diplomacy Stops –A Critical Reflection of the Belt and Road Initiative in Africa”

    Historically, China had prior experience in interacting with Africa. In the first half of 15th Century, Admiral Zhen reached Madagascar already with his fleet of “treasure boats”. Traders from the neighboring countries and dominions joint the fleet in order to benefit from the trading opportunities. This was the first official trade mission by the Chinese Ming Emperor. Such missions continued for more than 15 years and came to a halt. The Belt and Road Initiative is a systematic effort of the Chinese government to foster a stronger economic and political link with its neighbours in the Southeast Asia and beyond reaching the shore of Africa once again. In the geopolitical context of the post cold war period and the accelerated economic and technological catching up by China, such a concerted effort like BRI is causing concerns and anxieties in many quarters. Wherever there is a Chinese international trade policy, Chinese companies follow. Interactions with the host countries, either the community or the labour force or suppliers, is achieving mixed results.

    In addition to criticizing China’s policy as being exploitative, there have also been kidnapping of Chinese workers and security problems causing loss of lives of Chinese workers. This presentation narrates the experience of Chinese companies going abroad by using the typology of Bartlett and Ghoshal and suggests that business diplomacy capability is critical for the Chinese corporation in managing its host countries business and non-business relationship. Through the successful economic diplomacy of the Chinese government, Chinese companies enjoy privileged access to local markets in Africa. However, to sustain their business engagements in Africa continent, Chinese companies will have to be more embed in the local community as good corporate citizens and contribute to the local development and prosperity. Business diplomacy could complement the government’s economic and commercial diplomacy and make BRI a mutually beneficial success.

    Presentation

  • “Business Diplomacy in Implementing the Global 2030 Development Agenda: Core Competencies Needed at the Corporate and Managerial Level”

    Lichia Yiu & Raymond Saner, published in Ruël, H. (ed.), 2017, International Business Diplomacy: How Can Multinational Corporations Deal with Global Challenges? Vol. 19. of the book series: Advanced Series in Management, P. 35-58.

    The SDGs in fact means transforming all countries and actors in all spheres of human existence in an integrated and coherent manner. This transformative journey will not be incremental, but rather disruptive and demands fresh new thinking and smart system redesign. The private sector has been recognised as a leading player in this endeavour that could and should contribute to the success of SDG implementation due to its comparative excellence in process design, management know-how, control of resources and global outreach.

    To ensure a healthy functioning of diverse formal and informal partnerships, business diplomats will have a central role to play in safeguarding the integrity of multiple interfaces with internal and external multistakeholders. Business diplomacy shall ensure timely consultations and seek feedback from their constituent stakeholders while at the same time doing their best to get their company to contribute to the SDGs.

    Article

  • Looking on the Bright Side

    Looking on The Bright Side. Raymond Saner & Lichia Yiu. 2016. EFMD Global Focus, Vol. 10 (2): 53-57.

    This paper argues that despite worrying times, initiatives such as the Sustainable Development Goals, OECD Guidelines on Responsible Business Conduct, and Business Diplomacy Management can provide a winning formula for shared prosperity. Business diplomacy in this context is to scan the environment and to facilitate uptake of entrepreneurial opportunities for innovation and business growth, in addition to safeguard reputation capital of the company and its licence to operate.

    The original is made available at EFMD Global Focus

    Article

  • INTERNATIONAL ECONOMIC DIPLOMACY: MUTATIONS IN POST-MODERN TIMES

    International Economic Diplomacy: Mutations in Post Modern Times. 2003. Raymond Saner & Lichia Yiu. Discussion Papers in Diplomacy. The Haag: Netherlands Institute of International Relations. January, No. 84. 

    Article

  • A Core Competency for Global Companies

    Business Diplomacy Management: A Core Competency for Global Companies. Raymond Saner, Lichia Yiu & Mikael Sondergaard. 2000. Academy of Management Executive, Vol 14 (1): 80-92.

    Article

  • Key for a Sustainable Future

    The Business of Diplomacy: Key for a Sustainable Future. Raymond Saner & Lichia Yiu. 2009. Interconnections: Perspectives on International Management Practice. Journal of Ashcroft International Business School and Anglia Ruskin University. 3: 19-23.

    The Business of Diplomacy