Cultural Challenges Faced by British Companies in China
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This presentation discusses the cultural challenges faced by British companies in China, including the importance of personal connections, cultural sensitivity, and Hofstede's cultural dimensions. It also covers success and failure factors of joint ventures in China.
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INTERNATIONAL BUSINESS COMMUNICATION NAME: ID: MODULE:
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About this templateTABLE OF CONTENT INTRODUCTION TO THE CONTEXT INTRODUCE THE CHINESE CULTURE SUCCESS AND FAILURE FACTORS OF JOINT VENTURES CULTURAL SENSITIVITY IN CHINA/ THE DIFFERENCES FROM THE UK HOFSTEDE CULTURAL DIMENSION: UK AND CHINA RECOMMENDATIONS CONCLUSION REFERENCE 2
INTRODUCTION TO THE CONTEXT Businesscommunicationistheexchangeofinformationbetween individuals both within and outside of a firm. Management and staff communicate to achieve organisational goals through effective business communication. Its goal is to enhanceorganisationalproceduresandcutdownonmistakes.International communicationiscrucialsincetheWebhasdissolvedthebordersbetween countries. The world has evolved into a global society in which members must interact in order to learn from one another and settle disputes. 3
ConfucianismhashadasignificantimpactonChinese corporate culture. Thus, the Confucian idea of Guanxi essentially implies the need of a connection network built on the principles of solidarity, loyalty, humility, and politeness. Second, in both business and privacy, China's hierarchy is entirely vertical and widely respected. Third, in order to safeguard individual reputations, influence, and dignity, Chinese people will be cautious about saving face. 4 INTRODUCE THE CHINESE CULTURE
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5 Chinese people prefer to form long-term connections rather than negotiatecontracts.Failuretoestablishapersonalfoundationfora commercialconnectionmayresultinfailuretoaccomplishcorporate objectives. Developing a connection might take anything from a few days to several months. Formal meetings, house visits, invites to sporting events, long meals, and beverages are all part of it. INTRODUCE THE CHINESE CULTURE
SUCCESS AND FAILURE FACTORS OF JOINT VENTURE 6 SUCCESS FACTORS Agreement Alignment Development Flexibility
7 SUCCESS AND FAILURE FACTORS OF JOINT VENTURE (cont..) FAILURE FACTORS Lack of a proper Joint Venture Agreement Lack of finance Control issues Compatibility
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8 MajorCulturalDifferencesbetweenChinaandtheUnitedKingdom include more than simply methods of thinking and communicating. Punctuality: Less Punctual vs On Time Lifestyle: Dependent vs Independent Communication: Indirect vs Direct CULTURAL SENSITIVITY IN CHINA/ THE DIFFERENCES FROM THE UK
9 Reputation Standard of Beauty: White vs Tan Humility: Virtue vs Weakness CULTURAL SENSITIVITY IN CHINA/ THE DIFFERENCES FROM THE UK
HOFSTEDE CULTURAL DIMENSION: UK AND CHINA 10 Geert Hofstede created Hofstede's cultural aspects theory as a foundationforcross-culturalcommunication.Itemploysaframework developed from component analysis to demonstrate the impact of a society's culture on the values of its people, as well as how these values connect to behavior. Individualistic and collectivistic Uncertainty avoidance Power distance index
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11 Masculinity vs femininity Long term orientation Indulgence HOFSTEDE CULTURAL DIMENSION: UK AND CHINA
12 In order to enter into the markets of China, it can be recommendedtoenterusingJointVenture.Itisfeasible accessibility to commercial areas that are limited in terms of equity ownershipbyChinesegovernment.Learningfromthelocal partner'sexpertiseconductingbusinessinChina.Using the partner's current sales and distribution channels. Also helps while participatinginofficialandpublicauctions,seekforlocal treatment. RECOMMENDATIONS
13 From the presentation, it can be concluded that as cultures vary so greatly throughout the world, recognizing cultural variations and the significance of international communication is important in the corporate environment. This presentation includes about the Chinese culture with the success and failure factors of Joint Venture. It also includes the cultural sensitivity in China, and Hofstede cultural dimensions. CONCLUSION
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You can also split your contentREFERENCE 14 Bolten,J.,2020.Interculturalbusinesscommunication:Aninteractiveapproach(pp.139-155). Routledge. Buckley, P. J., Enderwick, P. and Cross, A. R. eds., 2018.International business. Oxford University Press. Cherunilam, F., 2020.International business. PHI Learning Pvt. Ltd.. Garcia-Sanchezandet.al.,2020.“Sell”recommendationsbyanalystsinresponsetobusiness communicationstrategiesconcerningtheSustainableDevelopmentGoalsandtheSDG compass.Journal of Cleaner Production, 255, p.120194. Malyuga, E. N. and Orlova, S.N., 2017.Linguistic pragmatics of intercultural professional and business communication. Springer. Mautner, G. and Rainer, F. eds., 2017.Handbook of business communication: Linguistic approaches(Vol. 13). Walter de Gruyter GmbH & Co KG. van Tulder, R., Verbeke, A. and Piscitello, L. eds., 2019.International business in the information and digital age. Emerald Publishing Limited.