The Localization of Management in China - Essay Example

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The Localization of Management in China

The localization of management in China has to be examined with understanding the implications and considerations for foreign companies which requires a number of critical considerations. The roots of the issue are inherent in the understanding of China, as this is core of the management operation. This process requires that the companies involved in an understanding the dynamics of the operation should consider understanding the culture of the country as other factors are the rooted within the question. Thus, the main hypothesis represents:
Chapter Two: Introduction: In order to understand the implications as well as considerations of the localization of management in China, one must realize that over one-fifth of the world's population live there. China has recorded double digit economic growth throughout the 1990s, and 2000s, and is well on its way to becoming the number one economy in the world (Kai-Alexander, 2002, p. 3). The importance of the country's huge domestic market has been, and is attracting business investment, which has implications for both the firms entering as well as already in the market. The foregoing also has implications for the Chinese national employed in the managerial level. A key factor in understanding the cultural dimensions of the Chinese is the historical turmoil that the country has undergone. ...Show more

Summary

Abstract: Understanding Chinese market requires an in-depth understanding and examination of the local management and deeper understanding of the implications and considerations which would serve to guide the foreign companies. This is a very challenging task which requires understanding of the historical context and the thinking of the people…
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