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Doing business in china

 
Started by : Gargi Sinha, Senior Consultant, Hewitt Associates   09 08 2008 19:55:34 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : China(Markets)
Activity:  3 views;  last activity : 07 06 2010 20:18:09 +0000

 
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1 Have clear understanding of China
2 Understand local business practices

Have clear understanding of China

idea posted by Gargi Sinha Senior Consultant, Hewitt Associates
It is essential to understand the culture of the country before investing in it. Understanding China is vital as China is a land of vast diversity. As such it is important for the company to understand the culture and the society’s values before establishing operations in China. Only through understanding the culture and values strong foundations can be built and higher chance of success can thus be achieved.
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Understand local business practices

idea posted by Inani Sarkar Sales/BD Manager, Aricent
I think ,given China’s distinct culture differences from the rest of the world, understanding China’s business culture is extremely crucial. What works in one’s country will not be applicable at all in China. Understanding how the local people think and their business practices can allow one to engage better and faster with them. Original organizational culture and practices may have to change in order to accustom to China’s practices. Thus flexibility and adaptability is the key for any organization to be successful in China.
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