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CHALLENGES FOR CHINESE COMPANIES WORKING GLOBALLY

 

 


Chinese
Culture,
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Year of Rooster

 

Useful Expressions

 

 

 


According to the China Daily 2013, "Talent acquisition is the No. 1 challenge for many Chinese companies in the United States."

"When presented with a list of five potential challenges and asked to indicate if the item was a major challenge, a minor challenge or not a challenge, nearly all business leaders (92%) agree that overcoming the cultural differences in the way business is done was a challenge for their company. In fact, nearly half (45%) say that cultural differences presented a major challenge to their company's market entry."~2013 Chinese Enterprises in the United States, China Daily

Additional Challenges Companies Face:

  • Bridging "The Culture Gap"
  • Satisfying and retaining U.S. customers; competing with strong U.S. companies
  • Following different accounting standards and procedures
  • Complying with U.S. laws and regulations
  • Building cooperative relationships in local communities
  • Understanding reasons for communication breakdowns
  • Training, managing, motivating and retaining employees
  • Building a culturally intelligent hybrid corporate culture in mergers/acquisitions
 
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