This website uses cookies to ensure you have the best experience. Learn more

Strategies A Firm May Use To Overcome The Challenges In China

529 words - 3 pages

Strategies a Firm May Use to Overcome the Challenges in China

For successful interactions in the world’s oldest civilization expatriates in China need to be aware of the uniqueness of the culture by treating their counterparts with respect and adding value to their lives rather than just value enhancements on the firm level on way up the “value chain” ladder. This can be done by building up relationships to strengthen the “guanxi”.

It is evident that difficulties occur in a communist country where there is government interference, misallocation of resources and low freedom of doing business resulting in a high rate of corruption of 3.5 points in 2010 (Worldbank). There is not much to do about it but to be aware of it. It might seem like a paradox but Chinese consumers ...view middle of the document...

As already mentioned, there is a small proportion of dedicated employees. Nevertheless, this number is decreasing from 17% to 10% as employee’s age increases. It is about to motivate the young generation by offering them some form of continuing education, training and sufficient salary to get them more engaged in the company.

Prior entering the heterogeneous market and selecting an appropriate market strategy for each region the expatriate need to spend enough time on due diligence. Nevertheless, due diligence in China is not just about the western approach of “critical analysis that companies undertake prior to making business decisions, [which] is an attempt to provide business owners and managers with reliable and complete background information on proposed business deals” ( Encyclopedia of small businesses, online). Due diligence in China is an intensive & active process of gathering information. Businesses need to take into account that there is no reliance on the given statistics. If you have data of each of the different provinces and if you add them up, they may not match the national level (Business Monitor International,year). In order to get a proper evaluation of the in focused market agents need to gather reliable information.

Regarding the intellectual property rights, it must be said that there is a lack of a global law against intellectual property violation and inevitably there are no actual strategies to overcome those. Or to put it with Word of Bill Gates: “As long as they are going to steal software, we want them to steal ours.” (By Corey Grice and Sandeep Junnarkar,Staff Writers, CNET News, 1998).

To recapitulate, an expatriate in China has to be aware of the time that takes to build up relationships and adapt to the cultural and political structure since “Patience is a bitter plant, but it has sweet fruit.“

Other Papers Like Strategies a Firm May Use to Overcome the Challenges in China

THE CULTURAL CHALLENGES OF MNCS INVESTING IN CHINA

3421 words - 14 pages use the 'cultural cluster' approach 'which puts emphasis on how attitudinal and behavioural differences among cultures determine man-agement tasks' (Chen, 2004, p2). In examining the challenges that are confronted by western MNCs in investing in China, this essay will firstly consider the meaning of cul-ture. Specifically, Hofstede's expanded concept of culture is defined, then applied to il-lustrate the sharp contrast in culture and business

Challenges to Implementing Policies in the Workplace

2179 words - 9 pages workplace isn’t any less profound. But with all the attention given to social media, it is not surprising that it has had its fair share of complications in organizations. Many companies use social media to their advantage, but it is difficult to draw a line between what is acceptable and what is not acceptable or even the impact that an employee’s personal comments may have on the company’s reputation. Past decisions and recent events have

Ways to Overcome Difficulties That May Arise When Implementing Anti Discriminatory Practice

1009 words - 5 pages Ways to overcome difficulties that may arise when implementing anti-discriminatory practice In health and social care it is likely that you are going to come across other workers and professionals that are showing discrimination to certain service users. This can make service users feel unworthy and can really lower their confidence and self-esteem. As a professional, if you see this happening, it is your duty to challenge the worker. This can

Should a Knower’S Personal Point of View Be Considered an Asset in the Pursuit of Knowledge, or an Obstacle to Be Overcome?

1476 words - 6 pages Should a knower’s personal point of view be considered an asset in the pursuit of knowledge, or an obstacle to be overcome? Knowledge is the information of the world in which we acquire by our perceptions, interpretations, the different ways of knowing, points of view, and many other ways. Nevertheless, knowledge is more than that. We have to take into account how and when we apply our knowledge in our everyday lives. We can take into account

An Investigation Into The Use Of Cooperative Learning Strategies To Foster Positive Social Behaviour And Satisfactory Academic Performance In Physical Education Among A Group Of Grade Nine Students.-...

1468 words - 6 pages Literature Review Literature Review In the Elementary School Journal, 1987, Volume 88, no. 1 pp 21-22, Cooperative Learning is referred to as a " set of instructional methods in which students are encouraged or required to work together in heterogeneous groups on a given tasks." Cooperative learning methods may be simple as having students sit together to discuss or help each other with classroom tasks. Students placed in

Trends, Challenges, and Technology Use in a Changing M&a Environment

5877 words - 24 pages A Forrester Consulting Thought Leadership Paper Commissioned By IntraLinks Trends, Challenges, And Technology Use In A Changing M&A Environment M&A Management Tools — The Missing Link To Institutionalize M&A May 2010 Forrester Consulting Trends, Challenges, And Technology Use In A Changing M&A Environment Table Of Contents Executive Summary

Socio Cultural Barriers Faced by Coca-Cola in India and Solutions to Overcome the Issues

3369 words - 14 pages competitors, and help them with strategies to enter the market, market segmentation, product segmentation and sales techniques. It is possible by analyzing the past and present conditions of the company, and by learning their past actions in the society and the economy. Our client is of United States origin which is a leading soft drink company in entire world. Coca-Cola has got a strong brand image through out the world. Our client is the first

Potential Problems & Causes in English Morphology and the Way to Overcome Them

2208 words - 9 pages Potential Problems & Causes In English Morphology and The Way to Overcome Them Every language may not have the same way to form the words. English, for instance, has many different ways to forming words (e.g. singular to plural, present to past, verb to noun, noun to adjective, and so on) from Indonesian language. In English, the way to form words is by adding the affixes that can be categorized into suffix and prefix into the words

Estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market.

1142 words - 5 pages Explain why you chose these competitive strategies and estimate how they might affect sustainability of long-term organizational performance Estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. Explain why you chose these competitive strategies and estimate how they might affect sustainability of long-term

How Far Did the Political Changes in Germany Between October 1918 and May 1919 Amount to a Revolution?

1082 words - 5 pages How far did the political changes in Germany between October 1918 and May 1919 amount to a revolution? Between October 1918 and May 1919 there was a huge political change in Germany, Germany went from being an autocracy state to a democratic republic. The factors that contributed to this were; the collapse of the 2nd Reich, the Spartacist revolt and the October Reforms. These changes contributed, along with other factors, not linked to the

“Our Obligation Is To Give Meaning To Life, And In Doing So To Overcome The Passive, Indifferent Life”

736 words - 3 pages Author Note This paper was prepared for PHI 100: Introduction to Philosophy Homework Module #8 Taught by Professor David Smith 1. “Our obligation is to give meaning to life, and in doing so to overcome the passive, indifferent life” a quote by quote by Elie Wiesel, Nobel laureate for peace, Holocaust survivor and author. I do not know, I find times I believe life does not have meaning, and agree with the Nihilists, Taylor and Schopenhauer

Related Essays

The Challenges And Opportunities Facing A Foreign Investor Seeking To Invest In China

2533 words - 11 pages ), China paid more attention to the education level of people such as the Law on Nine-Year Compulsory Education took effect on July 1, 1986 to supervise children to study. Therefore, there are many technical personnel and high quality labourers. When foreign investors invest in the country and set up the firm, they need to recruit a large number of skilled labourers. The rich labour resources in China could meet the requirements of foreign investors

Genre Approach To Writing: Explain How You Would Use A Genre Approach To Teach Writing In The Primary Classroom. Make Specific References To Strategies, Tasks And Resources Employed

1197 words - 5 pages , 2003, pp 46-47) of which many may be used as strategies within the genre approach. This essay will use these conditions as a vehicle for the strategies, tasks and resources employed through a genre approach to writing.The most prominent of these conditions is Demonstration, which describes the fact that learners need to observe and be given many demonstrations of language use, and that teachers must be conscious of what they are modelling. Using

An Investigation Into The Use Of Collaborative Learning Strategies To Foster Satisfactory Academic Performance In A Group Of Grade Six Students At A Primary School Background To Study

551 words - 3 pages interest in the activities when placed in groups, they preferred to work independently.It was also observed by the researcher that students are required most of the time to work individually. Students often become frustrated and disinterested because of this monotonous method. It then becomes necessary for the teaching learning strategies of the teacher to be changed or improved in order to facilitate a conducive classroom environment in which

An Investigation Into The Use Of Collaborative Learning Strategies To Foster Satisfactory Academic Performance In A Group Of Grade Six Students At A Primary School Introduction

671 words - 3 pages material to weaker students often find gaps in their own understanding and fill them in. Students working alone may tend to delay completing assignments or skip them altogether, but when they know that others are counting on them, they are often driven to do the work in a timely manner. Students working competitively have incentives not to help one another; working collaboratively, they are rewarded for helping.BIBLIOGRAPHYBeaumont, D. (1997