Fuxin Mining Machinery Inc: Time to Reshape for the Future
Abstract
On July 18, 2022, Peter Li and his girlfriend Gloria Chu departed Canada from Toronto Pearson Airport and landed at Guangzhou Baiyun International Airport in China. Embarking on this trip was not an easy decision. After spending four years in the undergraduate business program and two years in the MBA program at a famous Canadian university, Li had worked for four years in the commercial mortgage department at a large Canadian bank. He loved his life in Toronto, Ontario, Canada, and was enjoying his successful career in the fast-growing commercial mortgage business in Canada. Nevertheless, his parents were aging, and their family business, Fuxin Mining Machinery Inc (FMMI) (located in Fuxin, Liaoning province in the northeast region of China), was at a critical turning point, requiring Li to make a major decision regarding his future involvement in the family business.