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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.
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.
2011, “Foreign Direct Investment into Developing Asian Countries: The Role of Market Seeking, Resource Seeking and Efficiency Seeking Factors”, International Journal of Business & Management, vol. 6, no. 11, pp. 219. Wang, C. ( 1,5 ), Hong, J.(.2.
Benefits of Off-shore sourcing to China Offshore outsourcing is commonly used as synonymous of Global outsourcing. It can be simply defined as the shifting of certain manufacturing operations to different countries for various purposes including; reducing production cost, increasing manufacturing efficiency, and/or adequately serving a targeted market, just to mention a few (Mohuddin, Su & Su 2010). According to study co... ... middle of paper ... ...3, no.8, pp.112-143. Pegasus Capital Group 2010, ‘China Disappoints,’Pegasus Capital Group Newsletter, vol. 1, pp 1-3.
Do the shareholders really care about corporate social responsibility?*. International Journal of Business and Social Science, 2(10) Retrieved from http://search.proquest.com/docview/904512870?accountid=63189 Barnea, A., & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics, 97(1), 71-86. doi:http://dx.doi.org/10.1007/s10551-010-0496-z Bui, T. L. H. (2010).
(2012, February 16). Doing business in china: cultural differences to watch for. International Business Times. Retrieved from http://www.ibtimes.com/doing-business-china-cultural-differences-watch-411996 Localizasian. (n.d.).
However, trading relations with the Chinese have been uneasy resulting from the massive trade imbalances in the recent past, which grows exponentially. The protectionist policies of the United States especially in Washington and Beijing have been putting pressure on the Chinese to revalue their currency as well as protecting it from counterfeits, which may be of adverse effects to the trading relations. This paper gives a comprehensive discussion on the foreign trade relations with china. It further gives an elaborate discussion on the impacts of foreign tr... ... middle of paper ... ...hina Business Review 40.1 (2013): 13-17. Business Source Complete. Web.