A new kind of Chinese company - blending western management experience with local skill.
Great opportunities for entrpreneurs in China!
"Liu, 65, founded Augmentum three years ago after an illustrious career as an IBM executive and later a honcho at Acer and an Asian semiconductor company. China's development as a power in software led him to believe that it would be possible for homegrown talent to pull off the tough stuff—at those enticing China costs. Starting monthly salaries at Augmentum for the top college graduates he recruits are about 3,000 yuan (less than $400). It's maybe a tenth of what a U.S. engineer gets, but for many in China it's a dream wage. 'When I went to high school, I would imagine that my job would pay 2,000 yuan [annually],' Augmentum software manager Alden Xu says. 'Now I make many times more.' Augmentum had 10,000 applicants for the 550 jobs it wanted to fill this year.
After a lifetime of jumping through hoops in the rigid Chinese educational system, Augmentum's engineers appreciate that Lui trains them to think creatively and collaboratively. With discipline, of course. Everyone at Augmentum is expected to arrive at 8:30 a.m., and it's common to stay until 11 p.m. The principles of protecting intellectual property are stressed, as Liu wants to be able to assure his customers that their trade secrets are safe."
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