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    In Search of Hidden Dragons: An Exploration into Western Business Challenges in China

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    Date
    2020-05
    Author
    Collins, Quinn
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    Abstract
    China became an attractive foreign investment destination after undergoing economic reforms in the late 1970s. Taking advantage of cheap labor and incentives offered by the Chinese government, Western companies began developing local operations that would prove to be profitable. Nevertheless, these companies can still have difficulty operating in a socialist-market economy. So what challenges might foreign companies encounter in China? This thesis answers such a question from three angles: political, cultural, and business processes. Political challenges encompass regulations and directives from the Chinese Communist Party that hamper foreign companies. Cultural challenges arise from companies’ unfamiliarity with Chinese cultural practices in business as well as with a unique consumer culture molded by novel technologies. Finally, business process challenges deal with issues that directly impact a company’s profitability, such as labor and competition.
    Department
    Plan II Honors Program
    Subject
    China
    US
    Foreign Policy
    International Business
    Business Challenges
    Western Companies
    Trade and Investment
    URI
    https://hdl.handle.net/2152/84266
    http://dx.doi.org/10.26153/tsw/11254
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    University of Texas at Austin Libraries
    • facebook
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    • CONTACT US
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    • Emergency Information
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    • Web Accessibility Policy
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    Subscribe to our NewsletterGive to the Libraries

    © The University of Texas at Austin