Influence to more international maybe as sure of many opportunities opened up by vast markets, which result from unique political, economic& cultural environment in China. Any foreign company could need to rethink its approach in managing employees and the organization as a whole.
Against this background, formation of joint ventures in China calls for adaptability, and management of change. These will and bring about improved performance by thawing any foreseeable resistance, withholding crucial information and claiming responsibility for the managerial decision and action taken by personnel.
The United States of America is a capitalist economy whose strategic orientations calls for "let the best man win and put you money when your mouth is" perspective. This indeed may not be an appealing view for a Chinese socialist oriented economic attitude. Therefore setting up business of a joint venture system in china calls for a great understanding of the intricacies involved. Other experts call this environmental scanning while the researcher now feels it is appropriate to term it as regional or global scanning.
A Sino American comparative analysis type of study will form the basis for the ensuing research on variables that will include adaptability to environmental factors, human resource management adjustments in the nature of personnel training, development , strategic thinking , horizons etc
2. Research objectives and Questions.
The primary objectives for this study shall be
To focus on the influences of both internal and external forces on joint ventures established in China.
To identify the ways in which adaptation is done for succeeding in such ventures.
To evaluate the essence of training and development in success in joint venture business.
To determine the competitive advantages China offers to such joint ventures.
Some specific research questions for this study include;
Why is Chinese culture and orientation important
Why is training and development critical for success among joint ventures
How does competitive advantage and adaptation assume significance
Which internal and external influences affect joint venture systems in global market
What complexities exist in Chinese based joint venture
What are the likely ways in which to alleviate such complexities.
3. Reviewing previous literature
There are different sources of data, i.e. primary and secondary. However, it may not be appropriate to assume that the other experts have not positively contributed into the pool knowledge of in this area. To refer and borrow from scholars on Chinese management issues, publications by journals and texts regarding such operations by joint ventures form a critical basis for argumenting ideas available to support any ideas made.
There has been a notion regarding paucity of studies on management in China. Academicians have focused on human resource practices in general, which seem shallow (Verna & Yan 1995, Tsung, 1994, Ding, Fields and Akhtar, 1997).
Change, management & adaptation :
On managing change and ensuring adaptability the (economist, 1991) when China was in a modernization phrase, China attracted industrial foreign