( Lee, F. F., Zhou, H., Chin-chuan, L., Wan-Ying, L., & Yao, M. 2009) Second, globalization makes it possible for Chinese culture to be melted in the global culture. Kwok Leung(2014) says that “Multinationals are icons of the globalization era, as foreign brands and businesses can be seen even in remote corners of the world.” With the development of transport, communication and Internet technology, the cooperation of different nations in different areas has been improved. We can easily contact our foreign friends or buy all kinds of overseas products without going there on our own. Chinese traditional culture is becoming
They pass benefits to each other. (p.48). So and Walker(2006) states it is influenced by ‘San Gang’ from long history of Confucianism of Chinese that family should take care of each other by rules(p.89-90). It is difficult to judge whether Guan xi is a blessing or curse because there are many factors for a corporation to succeed in a long term and Guan xi is just one of the elements, but in short term it definitely has effect on doing business in China.
Many of China’s renowned firms are SOEs that are guided by government policy. The Chinese government develops a selective support strategy and particularly encourages 22 strong companies to engage in outward FDI. The primary goal of this action is to develop the chosen firms into globally competitive multi-nationals, either by joining the ranks of the Global 500 or by building international brands (Deng 2007:
(2013) investigates that guanxi facilitates innovation, develop business performance and venture success within the environment of highly increasing competitiveness in China. Similarly, Chen, Chang & Lee (2015) also examined whether Chinese entrepreneur’s guanxi network affects business success in creativity industry. Arribas et al. (2013) interviewed 105 entrepreneurs in Shanghai. Chen, Chang & Lee (2015) survived 293 entrepreneurs of creative industry in Taiwan.
Foreign firms have had a serious effect on the competitiveness of Chinese firms. Figures published by MOFCOM highlight the increasing number of acquisitions and mergers involving foreign firms in China. So much so, that the Chinese government has introduced measures to protect industries deemed to be of national security. For example, in August 2007 the Standing Committee of the National People’s Congress (NPC) Declared an Anti-Monopoly Law. This was a result of foreign company’s acquisitions of major SOEs and/or Chinese brands.
.1 Culture Culture is a set of norms and rules that influences people’s behavior and way of thinking. It tells apart different societies (Hofstede, 2017). Most CEOs agree that culture is the main point of doing business abroad since it defines both partners and customers. Aiming at winning the largest market share, companies feel the necessity to integrate with the Chinese society. Consequently, the differences between home culture and local one are to be learned.
Language is intercourse and thought tool, is also a culture carrier(LiJu Li, 2010). It is recognized that the influence is mutual. For China, Chinese have access to think in a multi-dimensional way and view the world in a wider sight. For the donation countries, bilateral trading will be enhanced by means of culture exporting, being well illustrated by anime display, cartoon books, drama and toys. In spite of that, some people think that Chinese is one of the most lively and superior language in the world so there is no need borrowing any new elements from another language.
The situation of corporate social responsibility in general in China By Yateng Zhang International business management II ERASMUS student from University of Montpellier2 Table of content Introduction – The corporate social responsibility in China Chapter 1 – The issue of report about corporate social responsibility from the Chinese enterprises Chapter 2 – Research center for corporate social responsibility of Chinese Academy of Social Science Chapter 3 – Top 10 corporate social responsibility trends in China Introduction – The corporate social responsibility in China Corporate social responsibility, we could call it also the corporate citizenship, corporate conscience or responsible business. The corporate social responsibility is a form of corporate self regulation that will be used in the enterprises as a business model. The corporate social responsibility policy should ensure its active compliance with the law, the ethical standards and the international norms The corporate social responsibility aims to add the social responsibilities in business actions. It could have a positive impact on stakeholders, consumers, employees, investors, communities, environment and so on. When we talk about the corporate
It can be said that China have a high ethnocentrism due to their way of living such as their living place. As China was the greatest and most grounded nation in its locale, joined with the way that it is moderately secluded from some other solid nations, this could have supported sentiments of ethnocentrism among them. When the people is used to only have their own kind around them, it will likely make the people know better only about their own culture and will lead them into having the perception that their culture is the best and above all other in understanding anything or getting the work done. Other than that, the sentiments of ethnocentrism could have been imbedded in the people’s mind as they see other nations as less capable. China is known for their big market in all around the world.
As seen in the article, in order to expand into China, a wide distribution of network is essential. However a lot of investments and time would be needed. In addition, Starbucks would face challenges from the external factors in China such as economic, political and culture issues. Hence, it would be better to establish a joint venture with a reputable and accomplished local firm. As such, Starbucks has established a joint venture with Taiwanese drinks maker Tingyi, with the brand name Master Kong, the largest firm in China that specialises in manufacturing and distributing instant noodles, beverages, baked goods and soft drinks.