We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Reflection on Key Issues in Doing Business in China from a Cross Cultural Perspective. (Russia) - Essay Example

Comments (0)
Summary
Introduction Historically, Russia identification revolved around the West-East axis; however, considering the asymmetry impact on the poles and the way the western presents challenges to the orthodox fundamentals of Russia, China offers a neutral environment in terms of its religious identity…
Download full paper
GRAB THE BEST PAPER
Reflection on Key Issues in Doing Business in China from a Cross Cultural Perspective. (Russia)
Read TextPreview

Extract of sample
Reflection on Key Issues in Doing Business in China from a Cross Cultural Perspective. (Russia)

Download file to see previous pages... Nevertheless, since the collapse of the USSR the two nations significantly improved their relations because they managed to settle the issues of land border by creating cross-border cooperation, controlling illegal migration and setting up vital mechanisms. Background information China and Russia share various similarities but they also have marked differences; for instance, the two countries are large nations because China has a huge population and Russia has the largest territory in the world. The two nations are multi-ethnic and heterogeneous but they are dominated by one group like in China the Han and Russia the ethnic Russians. Currently, the two nations are essential in terms of their economic potential as well as military power; moreover, the two nations are taking pathways toward capitalism. The two nations lack sufficient regulatory environment and have been for many years under the rule of a communist party and in the case of china, the party considers itself above the law. In the two nations, the existing rules and regulations can easily be violated because some written contracts have little value since personal connection along with dyad-based reciprocity prove to be substitutes for reliable institutions. Besides there are differences between China and Russia because China is considered to be a rising superpower while Russia is believed to be struggling to capture the lost glory after being a superpower for more than 50 years. Moreover, the two nations follow different paths toward capitalism with china adopting incremental approach to market reforms while the Russians rapidly replaced central planning system with market-based mechanisms with the aim of developing new market institutions (Buck, Filatotchev, Nolan and Wright, 2000). China has been a renowned success story in implementing reforms and consistent growth because the nation’s annual growth rate in the past two decades exceed 10% and is among the highest in the world. In contrast, Russia changed its position as the second largest economy during the Soviet era to 12 position currently and the country’s GDP growth rate is among the lowest partly because of its stagnated private sector (Wilson, 2004). Over the years, China has come to be recognized as a moderately low risk nation that offers high rates of returns, while Russia risk throughout 1990s was the highest and offered low returns because of privatization of manufacturing firms. Cultural similarities between China and Russia In the Chinese society, family remains the cornerstone with reciprocal obligations being which are not limited to the family and kinship but rather extended to non-kin ties where individuals are expected to help one another fulfil their obligation to family members. In China, individuals tend to prioritize group interests than their own and make decisions that can be detrimental to an individual if the decision is collectively beneficial. However, through my experience collectivism in china has been misrepresented to be a negotiation for individual interests or well-being, which goes against the assumption that group interests are the best guarantees for an individual. Nevertheless, the Chinese society cultivates strong relations where everyone is responsible for other members within the group. As well, the Russian culture is considered ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Cross Cultural Issues in International Business
CROSS CULTURAL ISSUES AFFECTING BMW COPORATION IN BRAZIL By (Your Name) Presented to (Instructor/Tutor) (Course/Subject) (Institution/University) (City, State) (Date) Introduction Bavarian Motors works (BMW) is a German automobile company founded in 1917, with its headquarters located in Munich.
10 Pages(2500 words)Essay
Cross cultural issues in international business
Besides evaluating the external environment of the host country, organizations also need to evaluate and manage cross cultural issues also. 2. (Chen,Sun,& McQueen, 2010) Cross culture management is considered as everybody’s challenge and increasing globalization as well as movement of labor force from one place to another has made it possible that people from diverse cultures will work together.
12 Pages(3000 words)Essay
Holocaust Cross Cultural Perspective
The first perspective is that of Thomas Keneally, the Australian author of the book “Schindler’s List”. For Keneally, the holocaust is the “the most extreme version of rootless race hate in European history” (1). He views the holocaust as a European problem and not a Jewish one.
4 Pages(1000 words)Essay
Cross-Cultural Perspective - McDonald's
More than 80% of McDonald's restaurants worldwide are owned and operated by independent local men and women.” (McDonald’s Official website, 2011). McDonald has operated around the globe for more than three decades with a highly successful strategy being adopted by the company’s management.
4 Pages(1000 words)Essay
Cross Cultural Management Issues of UK, China, Spain, and Finland
Problems caused by cultural differences in international firms are problematic on every level; from negotiations between companies across the globe to the management of international teams. While the benefits of successful cross-cultural activities are many, the problems which are posed to companies on an everyday basis must be dealt with effectively if the awards are to be reaped.
8 Pages(2000 words)Essay
Cross-cultural business issues
The Chinese hand down their savings from generation to another, language barrier, slow response, gender differences, and social relationships. The Chinese make savings for future use, which are also passed over from one generation to another. This tradition of saving for future generations reduces their purchasing power.
3 Pages(750 words)Coursework
Doing Business in China
Knowing business trends allows careful planning and budget management. Moreover, knowledge of business practices is essential to identify challenges beforehand and establish good relationship with partners and competitors. When doing business in China, familiarity with culture, economy, and business practices is just a must.
6 Pages(1500 words)Essay
CROSS CULTURAL ISSUES IN INTERNATIONAL BUSINESS
From this definition, one can perceive how much influence culture has on people (French, 2010). If people are considerate and understanding
10 Pages(2500 words)Essay
Cross cultural business issues
This paper evaluates the impact of national cultural differences in management and communication on business performance and management of people,
4 Pages(1000 words)Essay
The impact of culture differences on advertising
For this reason, present-day advertising strategies are designed after consideration of cultural differences and the requirements of the local markets in which the products will be advertised. This study examines how cultural differences
28 Pages(7000 words)Essay
Let us find you another Essay on topic Reflection on Key Issues in Doing Business in China from a Cross Cultural Perspective. (Russia) for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us