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Jump over the gorge : overcoming cultural gap in doing business with China
conference contribution
posted on 2008-01-01, 00:00 authored by Mona Chung, Jane MenziesChina has become a synonym for future business growth. It is the business nirvana of the 21st century (Chung 2004). As a major emerging market, China offers many companies great potential in their future growth. China's economic growth has been consistently double digits for the past two decades. China has become an economic power in the world. To Australia, China became its largest trading partner since 2007. While other parts of the world are experiencing economic down tum, e.g. the US and UK, Australia still enjoys its longest lasting economic growth. Much of the growth is largely built on this Chinese demand of minerals (Kirk 2004). Therefore research of Australian companies' internationalisation into China is timely and in high demand. 40 Australian companies' were investigated in a recent research conducted in July - December 2007. Among many findings through the research, one of the major issues was the impact of cultural differences on companies in their operations. The research discovered the gap of cultural differences between Australia and China is large which has caught many companies by surprise. Further the inability to deal with this large cultural gap as well as being properly prepared for the cultural issue they are about to encounter prior to entering into the Chinese market may cause serious issues on performance. It is through this research an important finding is presented that engaging culturally skilled consultants when dealing with Chinese market is an effective and cost efficient way of conducting businesses in China.
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Event
International Congress on Pervasive Computing and Management (1st : 2008 : New Dehli, India)Pagination
1 - 12Publisher
College of Business, University of Western SydneyLocation
New Dehli, IndiaPlace of publication
Sydney, N.S.W.Start date
2008-12-12End date
2008-12-14ISBN-13
9780980595604ISBN-10
0980595606Language
engPublication classification
E1 Full written paper - refereed; E Conference publicationEditor/Contributor(s)
V GodaraTitle of proceedings
ICPCM 2008 : Proceedings of the 1st International Congress on Pervasive Computing and ManagementUsage metrics
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