A Brief Country Risk Assessment

When decisions are necessary, especially risky ones, Americans do things differently than Chinese people do. Americans like to get involved and, if possible, make the decisions themselves. They are less likely to avoid the situation for fear of embarrassment or uncertainty. If they are uneasy about their authority to make a decision, they are content to defer or delegate. The Chinese are more likely to make decisions in groups where many people participate. This is somethine to consider when doing business with the Chinese because the way we would handle things in America might make them feel slighted or

Accountability standards have massively improved over the years.Accountability is being held responsible to something. Standards are a certain level of success to reach in an area. Therefore, accountability standards are a level of quality that an individual is held responsible for. We have changed how we view these standards as well. In the past our accountability standards has been underdeveloped. That didn’t change until President Ronald Reagan put out a report titled “A Nation At Risk” in 1983.

Summary: The 1983 report, A Nation at Risk, issued by the National Commission on Excellence in Education and the Goals 2000 report of 1991 by the National Governors Association created calls for education reform in the United States. They resulted in stricter standards for teaching certification, changes in standardized testing, and a raise in teachers salaries especially in the South. President Bush passed the No Child Left Behind Act in 2002 to also try to boost education performance especially for racial minorities and urban centers. NCLB required schools to give mandatory tests to determine student aptitude in core subject courses. Schools are rated according to the Adequate Yearly Progress scale which determines how much a school's testing

Silence, rows of desks, and cold hard plastic seats. What’s the first image that comes to mind, a classroom. Close your eyes, imagine yourself sitting in this classroom, a clock keeps ticking, tick-tock, and a test with no instructions has been placed in front of you. You have fifteen minutes to perfectly complete it or you’ll fail. Now raise your hand if you felt your blood pressure rise, and anxiety develop. You felt the uneasiness, stress, worry, the emotions that consumes one in every five teenagers in America under our current education system. Hours of homework, extracurriculars, standardized tests, busy work, and tremendous amounts of pressure. This was the solution devised based A Nation at Risk, which told of America’s downfall as

The following examines the nation of China and its trade relations with the world, particularly the United States. The focus is primarily on China’s culture and how it impacts business dealings with other countries. Areas examined include: Religion, Management Philosophy, and Business Etiquette. Also discussed is China’s growing status as a world super power and how that has impacted the global business landscape. Likewise, various trading partners are examined and the effects of doing business with China, specifically for the United States. Points of concern for the United States are things such as the

The Chinese people want to have relationships with possible business partners before they do business with them. The Chinese believe in socializing and getting to know people as a way to see what type of person they will be dealing with. This is called guanxi (Firoz, Nadeem M. & Topchaya, Olga, 2016). Chinese businesses will not focus on efficiency and view change as disruptive to their business. When Mattel brought the Barbie store into Shanghai, the Chinese people did not know Mattel and how Mattel would be conducting business in their city. This caused uncertainty and Chinese people not knowing if they wanted to do business with Mattel.

With China emerging as a global power in business within the last decade, knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era, and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier, the price of the work force in China compared to the United States, and have the “made in China” brand be accepted back in the United States.

China’s accession to the WTO in 2001 has helped shape its economy to becoming a more predictable environment for trade and foreign investment. Corporate governance and frameworks for business operations and interactions have improved, providing a much more transparent environment. (Deckers, 2004)

The world has shrunk because of globalization, eroding national borders and greater access to digital communications, but make no mistake: There are still many cultural differences, regionalisms and misunderstandings. This is especially true in trade between China and the United States. Savvy marketers and others doing business in China know that one of the most proactive solutions to smooth trade is to work with an experienced China sourcing agent.

McCain faces various challenges when deciding to do business with their Chinese business colleagues than what they were doing in the United States. Before starting business in China, it is important to recognize what they value (harmony, wisdom, honesty and respect for elders). When organizing the meeting, you must know about the different events which Chinese celebrates. Moreover, it is possible that Chinese colleagues are not able to speak proper English so it can be a challenge for Canadian managers as they have to speak with then in their language. Another thing to note, according to Hofstede, China ranks the highest in collectivism and belongs to a high-power distance which means that they believe in inequalities among people.

The situation for new entrants was very complex in china; acquisition of cities took much longer than in developed countries. Starting a new business in china was not a rapid process. Making relationships between channels was a slow process, because manufacturers, distributors, and other actors preferred to negotiate with people who they knew before, in china personal relationships are quite important in businesses. Some factors that influenced this process were

Political & Legal environment: The political system of a country is an important part of a companies marco-environment. ‘Who governs the country?’ ‘What does the government follow?’ and ‘What legal regulations follow from these policies?’. The most important factors a company is subject to are policy uncertainty, macro instability, and tax rates. Considering China is a country in transition all of the above factors are subject to change, to a degree substantially larger than it is in stable developed countries. We have recently seen changes happening in China on all of the above factors. One example is the new regulations regarding copying, which turned out in favor of Starbucks. However, what will happen in the (near) future is hard to tell. Whatever happens though, Starbucks will be subject to the consequences, whether positive or negative.

It will be a ripe situation for all the Western Countries doing business with lot of corruption involved in the nation. Doing business will always be a risk in the country without a local partner as the situations are completely controlled by the Junta. And its tough job for all the leading investors to find a local partner without a connection with the military Junta which would ultimately increase the risk of a boycott at home.

China has grown at a fast pace in the past 30 years. It has experienced double digit growth in the last two decades and it became the world’s largest trading power accounting for more than 10 percent of the global Gross GDP surpassing the GDP of the United States in the year 2013. (Barone and Bendini 2015) Currently there is a macroeconomic slowdown in the Chinese economy and the Chinese government is restructuring its reform process for taking China from a manufacturing and exports based economy to consumer based economy. (He 2014) According to a World Bank report, consumption growth remains robust in China as of May 2015 with real retail sales up by 10.5 percent. (World Bank 2015) This would seem an appropriate time to enter China as it enters the consumer spending period which would allow our brand to get well established in China now instead of it being launched when the economy was

There are two sides to the problem, the Chinese and the American, and Ray is the only one who can see both of them. The reasons for these two points of view are the socio-cultural differences that exist among countries. Culture is what defines a country and it can be composed of the language, values, religion, models of conducts, and beliefs, among others. There are many cultural differences between China and the U.S. China has a strong sense of hierarchy and respect towards figures of authority. For example, the vice president of a company might decline to participate in a very lucrative opportunity if it meant going over the president and his boss. This is a behavior that many Americans would find difficult to understand because their priority would be to make money. Another example is the role women play in business world. Even though the number of professional Chinese women has grown, men still think they are inferior, which is why when they see a woman succeeds in a position usually occupied by men; she earns great respect (Fang, 2008). This is actually something that other countries looking to enter Chinese market can use to their advantage. These and the many other cultural differences that exist between China and the U.S. explain why they see the problem in a very different way. Based on these differences, if Rocky River decides to pull out of the venture, it will be very difficult for the Chinese to trust the