THE CULTURAL CHALLENGES OF MNCS INVESTING IN CHINA

THE CULTURAL CHALLENGES OF MNCS INVESTING IN CHINA IN THE TWENTY-FIRST CENTURY Universal approaches of wariness impudence that few major residuals outlive among managers from different social and heathen back shows and that management theories and practices can be easily transferred from one choke to another (Chen, 2004, p1). This approach suggests that the corporeal tillage and management systems that assure financial advantage in a companys home ground volition guarantee success in other countries. This institutionalize is often erroneous. Due to the difference in history, geography, civilisation, infrastructure and the relevant political environment, management systems and dress hat prac-tises in the home countries of easy MNCs often conflict with those in a host country. To avail MNCs develop an efficient management system for the countries or fail they operate in, management should preferably use the cultural cluster approach which puts extravagance on how attitudinal and behavioural differences among lasts control man-agement tasks (Chen, 2004, p2). In examining the challenges that are confronted by western MNCs in invest in chinaware, this essay hold firstly consider the signification of cul-ture. Specifically, Hofstedes expanded concept of stopping point is defined, then applied to il-lustrate the sagaciously contrast in culture and business environments that MNCs face in chinaware (Hill, 2003). At this point, the danger in stereotyping about Chinese culture is emphasised.

Guanxi, the unique dowry of Chinese culture, is discussed. The critical parting that guanxi plays is illustrated through examples (Chen, 2004). Furthermore, the importance of de-signing culturally relevant employee incentive schemes in China is canvassed, as soundly as the Chinese method of conflict resolution. Then, the essay lead define and historically exempt the four different types of attempt, respectively with their differing corporate cultures. The challenges that different types of enterprise confront in China are considered. Finally, the essay seeks to excuse why some MNCs... If you emergency to get a right essay, order it on our website: Orderessay

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