Global Cultural Analysis: China

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Contents
Abstract4
Introduction5
Literature Review5
Major dimensions and elements of culture in China5
1.1.1Major cultural dimensions in China5
1.1.2The cultural elements in China8
The elements and dimensions integrated by locals conducting business…………..8

2.1.1The integration of locals conducting business in China9 How cultural elements in China compare to the US business and culture………...8

3.1.1 Customs....................................................................................................10

3.1.2 Government Elections…………………………………………………..11

Implications of US businesses wishing to invest in China11 4.1.1The importance of learning a foreign culture11 4.1.2Why local organizations invest in global markets12 4.1.3The necessary conditions for expansion into international market13 Questions before investing………………………………………………………..14 5.1.1 Is the timig right…………………………………………………………..14 5.1.2 Scale of investment………………………………………………………..15 5.1.3 Ideal location……………………………………………………………...16 5.1.4 Exporting or Importing…………………………………………………...17 5.1.5 Use of intermediaries and their importance………………………………18 5.1.6 Market size………………………………………………………………..20 5.1.7 Environment………………………………………………………………20 Conclusion21

Annotated bibliography22
References27

Abstract
In this paper, I will focus on the cultural issues, which American investors wishing to venture into the Chinese market need to learn. It has been noted that different countries have different cultural backgrounds and organizations need to understand the culture, economy, and politics of a foreign country before venturing into that market. This means that time and resources must be invested in research of these cultural backgrounds. In addition, understanding how cultural dimensions in China compare to that of the US is very important because it helps an investor in taking advantage of them in making the right decisions. Since the Chinese are very proud of their culture, it has been noted that foreign investors should take advantage of joint ventures in order to benefit from the relationships established by local firms. In addition, the quality of Chinese products is under scrutiny across the world, which means that foreign investors should ensure that products are up to standard.

Introduction
China is rapidly becoming a superpower economically and as a result, it has been approaching the economic abilities of the United States. Globalization is about the flow of international knowledge and ideas, culture sharing, global environment, and civil society. It has to be noted that the reason why companies decide to invest in other countries are diverse. Global expansion brings about extensive benefits and challenges for organizations wishing to take this path. Extensive research, learning, and patience are required before one invests in a foreign country. It is important to study the customs, culture, language, economic implications, and legal systems of the country one is wishing to invest (Kline, 2010). Countries have noted that China is a very impressive country for foreign investment because of the economic growth happening in the country. It is of paramount importance to note that each country has a unique culture, which implies that any foreign investor ought to take time to understand the culture of the destination country. Culture could be defined as a set of the shared values, practices, attitudes, and goals that give an institution or organization its identity. Investing in a country before one understands the culture of that country leads to failure...
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