Companies Don t Understand China, Says Kpmg - 1921 Words

EXECUTIVE SUMMARY This essay will mainly talk about an article taken from The Australian titled, â€Å"Companies don’t understand China, says KPMG†. The main challenge faced by Australia in doing business with China is the cultural barrier, particularly the language difference. Additionally, Australia also has limited experience with and information on Chinese business customs, in comparison with other countries. Besides analysing the issues highlighted in the article, factors that also led to these issues will also be discussed. This essay will link some relevant theories learned from International Management subjects, such as Cross-Cultural Communications, Managing across Culture, and Conflicts of Cross-Cultural Communications. Strategies such as learning Chinese language and culture, joining the KPMG China Confidence program and increasing awareness of the ways China prefers to conduct business will also be discussed. In the last section of this essay, conclusion will be given. China has one of world’s largest populations and, in the last few decades, the world’s fastest economic growth. Large numbers of other major Western countries compete to invest and collaborate with China. However, due to the cultural differences and language barriers between Eastern and Western countries, issues often arise and can lead to conflicts if cautionary steps are not taken. This essay will discuss some issues, causing factors, theories and strategies related to an article taken fromShow MoreRelatedIkeas Organizational Behavior8907 Words   |  36 PagesThe large cash flow start coming in once Ikea enters the US in1985. By this time IKEA has 10,000 co-workers and 60 stores. Ingvar Kampard retires from Group Management and becomes an advisor to the parent company INGKA Holding B.V. 1990s In 90s IKEA expands in Eastern Europe as well as China. In 1990 the first environmental policy and social responsibility policy is introduced in IKEA. In 1997 IKEA launches Children`s furniture and becomes a retailer with offers to the entire family. By 1999Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesHow Good Are My Listening Skills? 360 Questions for Review 360 Experiential Exercise An Absence of Nonverbal Communication 361 Ethical Dilemma Pitfalls of E-Mail 361 Case Incident 1 Using Social Media to Your Advantage 362 Case Incident 2 Should Companies That Fire Shoot First? 362 12 Leadership 367 What Is Leadership? 368 Trait Theories 369 Behavioral Theories 370 Summary of Trait Theories and Behavioral Theories 372 Contingency Theories 372 The Fiedler Model 373 †¢ Other Contingency TheoriesRead MoreBackground Inditex, One of the Worlds Largest Fashion Distributors, Has Eight Major Sales Formats - Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home Y Kiddys Class- with 3.147 Stores in 70100262 Words   |  402 PagesPublished in 2009 by IIIEE, Lund University, P.O. Box 196, S-221 00 LUND, Sweden, Tel: +46 – 46 222 02 00, Fax: +46 – 46 222 02 10, e-mail: iiiee@iiiee.lu.se. Printed by KFS AB, Lund. ISSN 1402-3016 ISBN 978-91-88902-46-7 Acknowledgements They say that the process of completing a PhD is a journey. For me it has been a long and trice interrupted journey, and I would be lying if I said that I wasn’t happy that it is finally coming towards its end. Still, I have always felt incredibly privilegedRead MoreI Love Reading Essay69689 Words   |  279 PagesGovernment of India b i n n o v a i c u l t u r w u s i n e s f E N T R E P R E N E UR S H I P m n a d c a t i o n u o n P l o y m e n t l t h e v i r o n m e n t n a n c e A Study by National Knowledge Commission Entrepreneurship in India National Knowledge Commission 2008  ©National Knowledge Commission, 2008 This report has been prepared by Amlanjyoti Goswami, Namita Dalmia and Megha Pradhan with support and guidance from Dr. Ashok Kolaskar and Mr. Sunil Bahri. TableRead MoreCase Study148348 Words   |  594 Pages978-0-273-73552-6 (web) ï £ © Pearson Education Limited 2011 Lecturers adopting the main text are permitted to download and photocopy the manual as required. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies around the world. Visit us on the World Wide Web at: www.pearsoned.co.uk ---------------------------------This edition published 2011  © Pearson Education Limited 2011 The rights of Gerry Johnson, Richard Whittington and Kevan Scholes to be identifiedRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagessocial responsibility in the international development of a German company. Eurotunnel – clash of cultures threatens to derail Anglo–French rail link. Ryanair – competitive challenge and strategic choice in the budget airline industry. IKEA – quality and low prices at the Swedish furniture giant News Corporation – corporate logic and corporate management in a worldwide media business. CRH – impressive international growth of an Irish company driven from a ‘lean’ corporate centre. Numico – difficultiesRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesbe viewed with skepticism. The Biases in Equity Research The lines between equity research and salesmanship blur most in periods that are characterized by â€Å"irrational exuberance†. In the late 1990s, the extraordinary surge of market values in the companies that comprised the new economy saw a large number of equity research analysts, especially on the sell side, step out of their roles as analysts and become cheerleaders for these stocks. While these analysts might have been well meaning in their recommendationsRead MoreHuman Resources Management150900 Words   |  604 Pagesjoint venture between General Electric and a Japanese company, GE Fanuc is a manufacturer of factory automation and control products. Headquartered in Virginia with 1,500 employees, the HR department primarily performed administrative support activities. But when Donald Borwhat, Jr., took over as Senior Vice Presi dent of Human Resources, he and his staff began by restructuring and decentralizing the HR entity so that each functional area of the company has an HR manager assigned to it. The HR managers