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Six Reasons Why Western Companies Fail in China
Photo by www.stockmonkeys.com
Interesting Linkedin article by Anton Shvydkyi, who owns a Guangzhou tech company, The article is Top Chinese IT People Answer Why Western Companies Fail in China and it consists of a number of Chinese tech company founders and high level Chinese tech company executives explaining what they see as the reasons why Western companies fail in China. What are they doing wrong?
This article provides insight as to why Western companies fail in China, not just tech companies. Some of the highlights from the article are as follows:
1. Insufficient localization. Failure to give enough authority to locals.
2. Lack of Employee stock ownership plans.
3. Failure to understand how Chinese view the internet.
4. Failure to understand cultural differences.
5. Too afraid of being copied. I wrote about this in How to Protect Your IP from China.
6. Inability to market and communicate with Chinese consumers.
I recommend anyone doing business in China read this article.
The post Six Reasons Why Western Companies Fail in China appeared first on China Law Blog.
We will be discussing the practical aspects of Chinese law and how it impacts business there. We will be telling you what works and what does not and what you as a businessperson can do to use the law to your advantage. Our aim is to assist businesses already in China or planning to go into China, not to break new ground in legal theory or policy.
Source: http://www.chinalawblog.com/2015/08/six-reasons-why-western-companies-fail-in-china.html
