Resumen
The People's Republic of China enacted the concept of "one country, two systems" when it regained sovereignty over Hong Kong, China. The first type of organization in China was the state-owned enterprise (SOE), which was established as the Communist Party nationalized large parts of the mainland Chinese economy after acquiring political power in 1949. Consistent with a primary reliance on central planning, government ministries not only set prices but also assigned employees and specified output quotas for SOEs. Local entrepreneurship is thriving while many overseas firms have established joint ventures or wholly foreign-owned enterprises in China. Organizations across China have invested billions of dollars in ERP. More than 1,000 Chinese sites had an ERP system by the end of 2001. ERP projects in China almost invariably failed to be completed within the scheduled time frame, but only rarely did they exceed the planned budget. Additional people and materials were often reallocated to the projects during implementation, but this was usually done on an informal basis.