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With the rapid development of economic reform and organizational change, management education and development has become an increasingly important topic among Chinese universities, governmental departments as well as industrial organizations. The transformation of the Chinese state‐owned management systems into a market‐oriented shareholding system, the nationwide organizational reform and downsizing movement among state enterprises, the development of international joint ventures and wholly‐owned companies, and the increasingly urgent needs for professional training call for innovative approaches to management education in China. This article presents some current models of management education and innovative strategies for facilitating training and development in Chinese enterprises.

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