(n.d.). Retrieved from http://www.usa-chinanet.com/China-facts.aspx Fogel, G. K. (n.d.). BUSINESS ENVIRONMENT IN CHINA: ECONOMIC, POLITICAL, AND CULTURAL FACTORS. Retrieved from http://business.usi.edu/abe/2010/Fogel-2010.pdf Greetings in China, Ways to Address Chinese People, Phatic Communion. (n.d.).
Task 4 A. Cross-cultural differences between United States and China Cross-cultural differences in verbal and non-verbal communication styles The issue of verbal and non-verbal communication styles is an important cross-cultural difference to consider when seeking expansion of business in China, because it can help Company ABC facilitate successful business transactions and outperform its competitors. According to a survey by the Economist Intelligence Unit with 572 business executives, 79% of the respondents indicated that communication barriers have resulted in low market share in China. It is highly imperative for Company ABC members to know how to engage probably to avoid misunderstandings, conflicts and potential loss of business clients. In the case of verbal communication, the obvious challenge lies in language difference. Although increasing amount of people are learning how to speak english, not having basic understudying of Mandarin or other Chinese dialects can have negative implications on the success of Company ABC.
Journal of Business Ethics, 105, 415-428. Lindsay, V. (2012). Outlook: Getting to know Indian business. Retrieved from https://asianz.org.nz/sites/asianz.org.nz/files/Getting_to_know_Indian_business.pdf Marklouf, H. (2011). Entrepreneurship in India and China.
This assignment focuses on the impacts of foreign direct investment (FDI) in China. Inasmuch as this assignment will explore factors that make China an attractive FDI destination; it will also examine positive as well as negative impacts of FDI on the Chinese economy. Inclusive in this assignment will be an evaluation of positive and negative impacts of FDI on the economy of China, coupled with a discussion on corporate social responsibility (CSR). UNCTAD (2003) defines FDI as … an investment involving a long-term relationship and reflecting a lasting interest and control by a resident entity in one economy ([the] foreign direct investor or parent enterprise) in an enterprise resident in an economy other than that of the foreign direct investor... (UNCTAD 2003: 231). While the above definition reflects on what FDI is; the justification for choosing to explore FDI in China is drawn from multiple studies that also explored FDI in China.
Shirley Ye, Sheng, and Yan Ma. "China Vs. The United States: Market Connections And Trade Relations." International Journal Of China Marketing 2.1 (2011): 45-57. Business Source Complete. Web.
Web. 8 Dec. 2013. Sheng, Shirley Ye, and Ma Yan. "China Vs. the United States: Market Connections and Trade Relations." International Journal of China Marketing 2.1 (2011): 45-57.
The cultural dimensions as proposed by Hofstede highlight the significa... ... middle of paper ... ...alian. [online] Available at: http://www.theaustralian.com.au/national-affairs/opinion/free-trade-deal-with-china-needs-clever-negotiation/story-e6frgd0x-1226879297631# [Accessed 14 Apr. 2014]. Witold, H. and Zelner, B. (2010).
As a matter of customer education and acceptance of the product, Starbucks grew and expanded into the successful domestic market it is today. Much of this success can be attributed to a focus on the total customer experience and s... ... middle of paper ... .... Hoboken: John Wiley & Sons. Biederman, P. S. (2005). Commentary on exporting a north american concept to asia: Starbucks in china. Cornell Hotel and Restaurant Administration Quarterly, 46(2), 288-290. doi: 10.1177/0010880405275536 Harrison, J. S., Chang, E., Gauthier, C., Joerchel, T., Nevarez, J., & Wang, M. (2005).
Scarborough, Jack: Comparing Chinese and Western Cultural Roots: Why ‘East is East and …’, Business Horizons 41(6), 1998, p. 43 - 50. Wang, Yuan / Zhang, Xin Sheng / Goodfellow, Rob: Business Culture in China, 1st edition, Singapore: Butterworth-Heinemann, 1998. Wilson, Jonathan / Brennan, Ross: Market entry methods for western firms in China, Asia Pacific Journal of Marketing and Logistics 15(4), 2003, p. 3 - 18. Yang, Jiaqin / Lee, Huei: Identifying key factors for successful joint venture in China, Industrial Management & Data Systems 102(2), 2002, p. 98 - 109.