Complying with China's rules
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China economic and government companies
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For many global companies, China represents a very attractive market in terms of size and growth rate. Yet, it ranks lower in terms of economic freedom and higher in political risk than other countries' markets because it has a communist government. Despite these risks, many popular and reputable companies have established manufacturing operations in China.
This is largely because the Chinese government makes sales in China contingent on a company's willingness to locate production there. The government wants Chinese companies to learn modern management skills from other international companies and acquire technology. Some observers believe that when Western companies agree to such conditions, they are bargaining away important industry knowledge in exchange for short-term sales.
Answer the following questions based on the situation described are:
Should companies comply with China's terms?
Should they risk losing sales by refusing to transfer technology
Evaluate the changing perspective for business based on Ethical, global, political, economic, social and environmental issues.
Make recommendations for relevant protective measures as regards legal liability
Please cite any web sources or references.
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Solution Summary
A discussion on if companies should comply with the rules China has established on technology.
Solution Preview
The population of more than a billion, which is now available for companies to market to, is more than enough reason to move a company into the country and take the opportunities offered. While it is true that companies must make concessions, such as use of specifically noted technologies and manufacturing. Putting production in China make a two-fold sense. The ability to sell products and services in such a large and largely barely tapped consumer base is one. The amount of money to be made from the sale to such a large market is enough to ...
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