Entrepreneurship Case.. the Foreign Proposal

On the other hand, knowledge of the political and legal environment of China will be fundamental. Information on their laws and regulations, such as foreign trade policies, product standards, tax laws and requirements, trade barriers, labor laws, etc. are extremely important when assessing China as a potential market for our company. Finally, a thorough research on China’s market conditions, such as potential competitors, market trends, market opportunities and threats, potential risks, unique market characteristics, etc. will be necessary to obtained a complete evaluation of the country before entering the market.

Today, China allows and creates many job and advantages for oversea citizens. In the passing years, China has been expanding its oversea trades constantly, which attracts and interests many oversea citizens and American to bring their business to China. My cousin has established a company in America few years ago, his corporation empowers real estate agents and photographers to add huge value to property sales and rental transactions with virtual reality and sing property websites. Few months ago, he brought his business back to china because he sees China does not have any firms like his. So he decided to go back to China to establish another branch. And now, his firm works very well in China’s market, and many real estate agents are interesting in it, which made a very good outlook for him. Besides, he is luck that he has caught the right moment and opportunity to expand his business in both America and China. Additionally, he tells me that the China’s market now is favoring the oversea citizens, if I am interested in return back to China after graduated, I should plan ahead right now to see what is China lacking off today. Meanwhile, not only my cousin is telling me this, but many of my other relatives and friends are also have the same remind to me, which makes me see the hopes and

China considered one of the largest economies in the world, it also has a vast emerging

In the few recent years, China has replaced United State to become the world largest economy. This Economic situation has opened an enormous number of opportunities for most industries to expand their operation from domestic market to international market. Shanghai, which is the China’s largest commercial and industrial city, focuses on 6 major industries which are information technology, automobile, large-scale electromechanical equipment, petrochemicals, heavy manufacturing and biopharmaceutical products (http://en.people.cn/200207/20/eng20020720_100055.shtml). With the virtually unlimited well-educated labour resources and the unique international location, Shanghai is

China government give opportunity for invest in the country such as give low corporate tax, directly start the business without any join venture with local partner, government will provide loan facility. If the firm breaks the law and regulations, government can immediately close down the firm.

With more and more countries taking part in the international trade, the world’s market is expanding in a rapid pace. How to make use of the enlarging market and remain competitive become urgent for those participants. Market diversification is a good way to take full advantage of the resource and improve the efficiency by enlarging the business scope. In addition, it can also ease the pressure of competition and reduce the cost. The report mainly discuss that Australian Holden may enter Chinese market and chooses Shanghai as the target market. The report firstly analyzes the Australian and Chinese market and briefly

- One who creates a new business in the face of risk and uncertainty for

Three countries of different characteristics have been chosen as target markets. The choice of these countries has been based on their market characteristics but also on their geographical position. China has been one of the most powerful markets in the context of the international community. The particular country has attracted firms by almost all countries, as a result of the prospects that the Chinese market offers in terms of long term growth. Moreover, China is located near to Japan, a fact that would be taken

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.

Fock, H K. Y. and Woo. K.S. (1998). The China Market: Strategic Implications of Guanxi. Business Strategy Review, 9(3):

Over the past quarter-of- a century, China has experienced big changes as the economy has transformed from just limited private sector into manufacturing base of the world, these rapid development and transformation become the gateway to vast opportunities for all industries of the world (Dyer & Singh, 1998); China regional cities offer diverse of business opportunities to companies around the world for businesses to expand into China.

In order to develop the “right strategy” to succeed in business, managers must make the right decisions; and in order to make the right decisions, they must have objective, accurate, and timely : E. information about market trends and changes.

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

It gives valuable insight into a market where you can identify the size, growth and market share of your rivals, while observing trends and benchmarking objectives for the future.

Explain how the article builds on the seminal work of Oviatt and McDougall in their paper,.