1. ‘Guanxi’In a nation of more than a billion people, who you know is paramount. To the Chinese, strangers are nobody, but even a friend of a friend of a friend is valuable. If you want to work or get by in this vast country, you will have to keep ‘guanxi’in mind because ...
Very often, foreign companies may have problems looking for suitable Chinese partners as they do not have the necessary network here in China. Furthermore, if foreign investors do not understand this culture, conflicts tend to arise when different decision making tools are used compared to the Chi...
The article presents business tips shared by Charlie Wang, international relations director for the Dongguan Famous Furniture Association, at the "Furniture/Today's" Leadership Conference in Naples, Florida. Due to economic crisis, he suggests that investors should sell their furnitures in China ...
Tips for Doing Business in my Country London Business School Class of Master in Management 2011 students Austria Punctuality is important It is very important to address Austrian business people with their title e.g. Dr. and their last name Avoid making appointments for the months of July and ...
Many foreign companies doing business in China have generously added this 13th month only after calculating their expenditures based on a 12-month system. If you are going to implement a bonus system for employees, you should clearly define its parameters in your employment contracts. For example,...
Be prepared for hierarchy As a culture that places emphasis on respect, be prepared to follow certain hierarchical guidelines and procedures when doing business in South Korea, working with Korean partners or selling to Korean customers. Internal operations within any companies you work with need to...
Friends who are doing business in China in 2021, or doing business with Chinese people, are also following the new situation, and many are taking online marketing as the main way to expand their business in China. To do Internet marketing for China, you must use Chinese language, simplified...
Accessing the local market is crucial for succeeding in China. This includes identifying the right marketing strategies and distribution channels to reach the right customers. In a country of 1.4 billion people and a heavily regulated business environment, this is certainly a chall...
in order to protect their local customs and heritage in a rapidly developing and outward-looking society. Therefore, even the slightest acknowledgement of Vietnamese culture can earn foreigners a lot of esteem. With all this in mind, we share the top five tips for doing business in Vietnam....
Jack Perkowski, a Wall Street veteran who’s often referred to as “Mr China” for his entrepreneurship in the Asian country since 1993, says developing mutual trust is key to success in doing business in China. “The most important thing is, whoever you’re meeting with or whoever you’...