Analysis of Citigroup's Adaptability in China

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Analysis of Citigroup's Adaptability in China Introduction There are different indicators of adaptability. A company is deemed adaptable if it is able and continues to be innovative and competitive in a challenging and foreign environment. Citigroup represents an excellent example of an entity that has displayed adaptability to its environment. In 2001, Citigroup decided to increase its presence in China, despite the potential changes in the Chinese environment as a result of their entering the World Trade Organization (WTO). Such a venture implied uncertainty in the country's economy and laws. As a learning team, we have analyzed the case "Citigroup in Post-WTO China". Sides were taken on whether Citigroup has shown adaptability in its attempt to expand its operations in China. The team found the case very challenging to analyze. However, it was an overwhelming consensus that Citigroup, in fact, displayed a tremendous level of adaptability. To this end, the arguments and the evidence for adaptability far outweighed those of whether Citigroup did not display adaptability in its attempt to expand operations in China. The salient arguments for each side of the debate are outlined below, with an agreement as to whether or not Citigroup displayed adaptability. Arguments Supporting Citigroup's Adaptability China is one of many Asian countries that have a highly competitive economic growth potential. In 2001, when China entered into the World Trade Organization, there was tremendous hope that the Chinese market would open up for foreign financial institutions.

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