China Business Proficiency Series Part 4 - Ignorance, Experience and Success in Business
China’s evolution to a market economy has been breathtaking. Although tremendous opportunity exists, US companies must be open to continuous learning and adaptability in order to manage the complex environment and the rapid pace of change. US companies must appreciate the challenges on their way to China and navigate the obstacles encountered. Success with China can be especially difficult; there can be exceptional language and culture differences as well as a constantly changing environment. In any competitive market, turning dreams into reality is challenging, and China’s complexities double that challenge. However, arming yourself with knowledge, learning from your personal experience as well as the experiences of others while exercising patience sand perseverance, US companies can achieve success with China.
Dan Miller, Exeuctive Director, Institute for Global Enterprise in Indiana
Ting Gootee, Vice President of Investments, Elevate Ventures; China Advisor, Indiana Economic Development Corp.
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