Planet China

Turnaround strategy

Turnaround strategy

If you ran the worst performing division in a US or European company, you might expect to get a visit from management consultants. More than likely, they would suggest new processes that could improve efficiency, or recommend that you lay off staff. But China Unicom’s Yan’an branch took a different tack when it came bottom of the corporate performance rankings. According to China Business View, the local bosses travelled to Zhouzhi county in Shanxi province in search of a famed Taoist priest. Their hunch was that their poor performance had less to do with operational issues than with the poor feng shui of their office building. So the priest was brought to Yan’an in late August to perform a ceremony in the office courtyard. A huge rock was also delivered to the office garden to offer a new ‘safeguard’. It’s too early to tell whether the branch’s second-half financials will show immediate signs of improvement, but we’ll keep you posted.

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