Why did China’s leaders place so much importance on the accession to WTO? The most widely cited reason for China’s push to join is to keep the process of reform going. In many ways, the WTO membership was the best way for China to hold economic growth. The world economy has become much more complex and interdependent, and China's participation - based on the rules of international trade - was essential for China and for the rest of the world. As a WTO member, China would be able to participate in the formulation of rules governing international trade and investment.
Economically, enhanced means of communication and transportation allows more expedient supply and demand scheduling. Two of the latest Chinese reform measures to aid in the development of the country are the Provisional Regulations on Direction Guide to Foreign Investment and the Catalogue Guiding Foreign investment in China. Both these policies place specific industries including telecommunications, machinery, and electronics on top priority. Funding for these projects come from foreign investments and appropriations from the Chinese government in the form of grant financing, and legislative or administrative support. Yet another example of the Chinese emphasis on industrial b... ... middle of paper ... ...pressive economic figures are through a thorough renovation of Chinese trade policies.
Considering the fact that he is the Chief Operating Officer, he is in charge of total management of Pegas... ... middle of paper ... ...ent would need to a sign a contract to legally do business exchanges in China while abstaining from any kind of potential “payoff”. Even if this route costs more since there are no “payoffs,” the increase in revenue is still more than the company would have without the business in China. Another option is to recruit from within the company. Having someone on the inside that is already familiar with how Pegasus works, its values, and the direction in which it wants to head in would be a great asset. Once there is a viable recruit, more substantial research could be done on how to obtain licenses in China and ethically provide the Pegasus product to a consumer in need.
The objective of this paper is to discuss the importance of guanxi in the business contex. This essay posits that guanxi is the key factor for doing business successfully in China, which it helps to build up corporate reputation, growing market share and minimaizing the risks of uncertainty. A theretical discussion will ensue, highlighting key debates and ideas concerning the importance of pre-departure preparation, cultural awareness and the significance of guanxi in doing business in China. Chinese Culture There is not one universally accepted definition of culture; a number of key cultural concepts and debates are needed to clarify this term. Chinese culture is considered to be different in many ways from that of the West (Carlisle and Flynn, 2005; Buckley, Clegg and Tan2006; Tung, 1986).
This cost of production to labor ratio is an important factor for foreign businesses to take part in China’s growing economy. Ever since China open its doors to the outside world, it has widely become a fighting space for foreign investors and business to raid in and take advantage of the vulnerable but growing economy, during that period. This has led to China today being one of the highest countries with foreign investments. Before China’s Open Door Policy in 1979, China was in a crucial point in trying to grow its economy. Balancing out the growing population and the need for jobs led to the idea of foreign investors and opening their doors to the rest of the world.
The high quality which they need to rely on would improve their global competitiveness through customer satisfaction. To meet this challenge, many Chinese firms are currently striving to implement TQM with relevant strategies in order to explore the global markets. Yet the opposite viewpoint think TQM is not quite appropriate to Chinese firms due to Chinese special situation. (quote "Quality Management Practice In China", Yu, C.S., Cochran, D.S.D, pp 91) The object of this study is to analyze which benefits and possible drawbacks TQM will bring and discuss whether Chinese businesses should adopt Total Quality Management. Total quality is a philosophy and way of conducting business which focuses on several specific areas.
Such intellectual property requires safeguarding so the actual value can be beneficial to the government and the innovators (Xue & Zhen, 2002, p. 133). In this paper, it has been established that China is indeed taking steps at safeguarding the rights envisioned in intellectual property protection. However, as pointed out there are several shortcomings. Pang (2006, p. 98) insists that a sound intellectual property framework is one that is constantly under review. Therefore the recommendations made will ensure that intellectual property in the communication sector is well protected.
Electronic communication has dramatically changed the way people used to get in touch with each other. There are several ways making use of which the role and extent of communication technology has been transformed. The sustainability related aspects for each and every country are closely related with the transformations being carried out in the way electronic communications are being carried out. The prominent aspect to be stated at this point of time indicates towards the role of electronic communication in accelerating economic growth. The reason for improved economic growth is extensive capital formulation and this is fueled by use of electronic communication technology.
Approach Basing on the fore text, the aim of this report is test how certain firms survive and growth in China’s uncertainly environment and illustrates how they used effectuation theory appropriately to make them be a leading enterprise in each industry. However, it is difficult to measure about that the entrepreneurial process and whether a firm overcomes the strange environment and build up a sustainable business in the near future. Therefore, the report chooses the case study method to solve this difficulty. About the case study, Yin (1994) and Lee (1999) reported that generally, we use case study methodology to deal with problem when we face that mention about ‘how’ or ‘why’, when the experimentation and questionnaire cannot be used, and when the object of study is contemporary and has the real story. What’s more, the more standards are put forward such as: data points are fewer than the uncontrolled variables; researcher can show the sources of evidence; current researches can theoretical support the data collection and analysis.
Also, Chinese government lays down many regulations regarding some social problems. For example, the ‘Law of the People’s Republic of China on the protection of Rights and Interests of Women’ aims at cope with gender inequality and ‘Regulations on Enterprise Minimum Wage’ aims at protecting labours’ legal rights. All these regulations contain CSR elements and requirements. It is vital for foreign companies to be aware of the importance of corporate social responsibility in today’s China. In other words, companies which conduct corporate social responsibility (CSR) strategy will be more sustainable and competitive in Chinese market, as Porter (2011) pointed out that there is a connection between corporates’ competitiveness and health.