Essay on Business in China - 1030 Words

Before doing business in China, there’s a few things needed to know about this to-be home away from home for the company. A completely different world from that of the United States, this second largest supplier is as simple as our own in business etiquette, and a few simple things can go a long way. Social-cultural, economy, legal-political, and managerial differences are just a few categories of information to be taken into consideration when pursuing a business agenda in China. Social-Cultural The first rule of business in China stems from the social and cultural aspects of China, such as accepting them as a whole. This is the essence of business in China, because acceptance and understanding generates the groundwork for the whole†¦show more content†¦Also, while doing business, avoid negative phrasing, and leave a concerned approach as if no offer is off the table. Business is preferred face to face as opposed to over the phone, as well (Chinese Business Culture). In perspective, the real rules for social and cultural aspects of business in China is every day etiquette, as they appreciate relationships, kindness, and real consideration of all options to be offered when doing business. They will not accommodate you in the western way one might be used to, so it’s best to learn how to do business their way. Economy An ever-growing economy such as China is a large one to take on as a business looking to associate with them. This economy is the grounds for global growth at this point in time, as they are a major supplier all over the world. Beware when working with China however, that their economy is not free. They are free to communist directives, and other political influences. Business is largely a victim to corruption, as the law seeks little reform in a more liberalized economy, and fails to uphold contracts or other business deals (China Economy). Being a third largest export market, China has shown growth as much as 20% per year over the past five years, and many businesses have already greatly benefited from their success. With a large population hungry for products, they continue to grow at amazing rates, and have rather low rates of inflation to accompany their business (Facts about Business in China).Show MoreRelatedBusiness in China1131 Words   |  5 PagesNovember 29th, 2012 International Business Doing Business in China The role of government when doing business in China is very important. It is especially important if you are from a different country, such as the United States, because the approaches to dealing with the government are much different. There are many factors in which should be considered when dealing with business related issues with the government. These include whether or not your business strategies go along with the planRead MoreBusiness in China1188 Words   |  5 PagesBusiness in China 1. What challenges do foreign firms face when they seek to transfer their home management style to China? 2. Discuss the reform of Chinese state-owned enterprises and related government policy changes. Evaluate the impact within the state-owned businesses and the chinese society. Chinese management Doing business in China requires a throughout understanding of their management philosophy and practices. Their management style is different in many respects from mainstreamRead MoreBusiness Organization : China And China1303 Words   |  6 Pagesmight want to thank you for giving me the chance to compose a couple words about my study arrangement and my future prospects in China. I have dependably indicated readiness and unmistakable fascination in concentrating on Single man of Business Organization in China. There are numerous explanations behind which I have picked China to want examining my major. Initially, China is instruction well disposed nation and advancing advanced education in each conceivable way without separation of race, sexualRead MoreMaking Business in China1003 Words   |  5 PagesBauchà © INTERNATIONAL MARKETING China’s culture and business practices differ from Europe or even North American. As you start making business in China, having an understanding of Chinese business â€Å"etiquette† is important to your success. Knowing and practicing common customs will also help you to avoid embarrassment, and focus on the matters at hand on critical occasions. Appearance One of the most visible changes to the human landscape of China over the past few decades has been the change in dressRead MoreBusiness Skills in China618 Words   |  3 Pagesfor intelligent and younger citizens to become the 4th generation of The Communist Party of China. Along with many others Hu Jintao was chosen to be one of the future leaders. Before becoming one of the most important people in China, Hu Jintao learned the values of business. These business skills taught by his working-class father conveyed well into his style of running the country, like a business. Hu’s Aunt had been his primary caregiver through his mother’s passing when Hu was just 7. YearsRead MoreFun Business In China786 Words   |  4 Pages According to the 2016 China fan report, since 2004, an average of 40 million new fans have been added every year, and the number of Chinese fans has reached 470 million by 2016 (Song, 2017). Especially, funs spend money to express their enthusiasm, which accounts for about $330 billion of fun consumption in the young generation, according to the monthly consumption of fans. (Song, 2017). Although in spite of the large population of China, these data also surprised. And as we know, this situationRead MoreBusiness Expansion Into China819 Words   |  3 PagesBusiness expansion into China The Americans treat conception of self on self-reliance and self promotion is more accepted as they value freedom from external interference, while for the Chinese the conception of self is viewed from a group perspective and they value self modesty as well. The other difficulty will be the language barrier that may exists between the Americans and the China dwellers. It will be ethical for the company to hire translators who will enable the clients feel at ease andRead MoreThe Business Environment Of China Essay1105 Words   |  5 Pagesbackground of globalization and information technology, the China enterprise still face problems such as business environment. Some of the significant changes in the business environment of China includes: The conflict of centralized political and democratic requirements, the economy growth of ‘high speed’ and ‘low quality’ and the appreciation and depreciation of Ren Min Bi. All these changes in the business environment will affect the business as well. ï  ¬ The conflict of centralized political and democraticRead MoreChina Business Sme5201 Words   |  21 PagesChinas market reforms and accession to the WTO has led to its economy growing rapidly, to the point where it is now the fourth largest on earth, and is expected to be in the top two within the next decade (Business Monitor International, 2006). As a result, Chinas SMEs are now facing an economy flooded with foreign capital, and with a more open economic climate than in previous years, but also a much more competitive economy, where many of their previous practices are no longer relevant. This pieceRead MoreDoing Business In China Summary1605 Words   |  7 PagesPrior to reading the Harvard Business Review on Doing Business in China, I assumed that business was a universal thing around the world. I assumed that business was the same in all countries. I assumed that every country had the same end goals when it came to business. As a result, I assumed that all countries fo llowed a similar template for how business negotiations work. I was under the assumption that business was all about numbers and money; I didn’t expect to see so much energy focused on creating