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Essay / Doing Business in Chinese Business Culture
Doing Business in Chinese Business Culture Doing business in China is on many levels similar to doing business in many Western countries. However, it is imperative to understand the local culture and business practices to ensure the success of your business there. The following points deserve special attention: Dealing with bureaucracy and cultivating relationships Dealing with bureaucracies and cultivating relationships at multiple levels will ensure business success in China. This is the only solution, because doing business in China as a foreign entity, this organization will be the minority partner (Darin, 2010). The difficulties that could arise concern the Chinese bureaucracy. According to Darin (2010), it is a homogenous culture with many subdivisions within the culture, some delegation exists but nothing passes without approval and oversight from the government/central authority. As a result, more and more decisions are delegated to provinces and authorities. municipal authorities. Still in its early stages of development, China's legal and regulatory environment is composed of vague laws and regulations that increase the possibilities for inconsistent explanations and decisions made by local bureaucrats. Over time, one would expect a more transparent, predictable and mature framework as China's involvement in the global economy deepens and it understands its commitment to the World Trade Organization. trade. Cultivate and maintain strong and healthy relationships with government authorities/entities as they will serve you well in helping you navigate the regulatory jungle and local import and export markets.A changing marketThe real risk of doing ...... middle of paper ......es of business and product market should also be evident in contracts between nations. Works Cited Darin, AJ (2010, July 24). Personal interview with former HR manager. Launch of VehicleOperations, Ford Motor Company's operations in China. Rafter, M. (March 2009). Round trip for expats. Workforce Management, 88(3), 1.3. Retrieved July 21, 2010 from ABI/INFORM Global. (Document ID: 1669809321). Schoeff, M. (February 2006). International missions are best served by a unified policy. Workforce Management, 85(3), 36-37. Retrieved July 21, 2010 from ABI/INFORM Global. (Document ID: 996343151). Wong, M. and Chen, J. (October 2009). Retirement and healthcare mobility solutions in Greater China. Chinese Staff, 15(9), 34-38. Retrieved July 21, 2010 from ABI/INFORM Global. (document ID: 1895695431).