Business ethics is not just a set of rules that dictate how to behave on business meetings. In extreme situations‚ it is the key to the success in negotiations‚ but its ignorance can cause failure of the entire undertaking. Especially when parties that attempt to cooperate are different culturally and mentally‚ as in the case of ’western countries’ and the Middle Kingdom. Social bond as a base for successful business Chinese entrepreneurs are characterized by pro-social approach. This means that
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officials to closely follow business rules and regulations that are straightforward and by the books. There is absolutely no room for working around any of them‚ without risking your reputation and ultimately your career. It is common for Western cultures to implement internal audits to make sure no violations to the rules exists. Regarding business practices‚ dinner parties are common‚ but expensive gift giving is seldom used in a business setting. On the other hand‚ in China‚ building strong relationships
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ETHICS WRITING ASSIGNMENT Topic 1: How can you as an MBA student apply Prof. Christensen’s ideas to your own life? When your life draws to a close‚ what traits‚ goals‚ achievements‚ or characteristics do you think you will place most value on? Before I watch the video and article from Prof. Christensen‚ I place most value on my achievements that are related to money. I have been taught and influenced that money is a valuable resource such that my personality trait will be that of a diligent
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Mueller FROM: Lin Chen DATE: April 1998 SUBJECT: NES AG – Gifting in China NES AG’s problem is that needs approval to become a holding company in China. However‚ its code of ethics conflicts with the local custom of gifting to as a way of achieving certain outcomes. The problem in the short term is that the company needs to obtain the approval within a month. In the long term‚ not getting the approval would hurt shareholders or‚ if NES AG gives gifts to officials‚ it will violate NES’s ethical
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at Duke Universit y Business Ethics GOOGLE IN CHINA “The Great Firewall” Prepared by Kristina Wilson‚ Yaneli Ramos‚ and Daniel Harvey under the supervision of Professor Wayne Norman (edited by Professor Chris MacDonald) In early 2006‚ search-engine giant Google struck a deal with the People’s Republic of China and launched Google.cn‚ a version of its search engine run by the company from within China. Launching Google.cn required Google to operate as an official Internet Service Provider
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Doing Business in China Week I. White face = bad person Good and trusted person have red face Always answer yes when someone asks have you eaten (toujours attenuer ses propos : frequently‚ sometimes‚ usually..) Yes doesn’t mean yes Importance of the hierarchy Culture overview The cultural Bell Jar (ordonnée ‘’number of person’’ / abscice vers la gauche ‘’reserved’’ (chinese for example)‚ vers la droite ‘’emotional’’ (italians for example) When we speak about culture: we must
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UNIVERSITI TEKNOLOGI MARA FACULTY OF ACCOUNTANCY AC220 ___________________________________________________________________ IBM 535 – INTERNATIONAL BUSINESS AND GLOBALISATIONS BUSINESS IN CHINA ___________________________________________________________________ PREPARED FOR: AHMAD SHAZEER BIN MOHAMED THAHEER PREPARED BY: Date Submitted: 21ST June 2013 TABLE OF CONTENT NO. DESCRIPTION PAGE 1. INTRODUCTION ABOUT THE COUNTRY 2 2. BASIC CULTURE OF
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November 29th‚ 2012 International Business Doing Business in China The role of government when doing business in China is very important. It is especially important if you are from a different country‚ such as the United States‚ because the approaches to dealing with the government are much different. There are many factors in which should be considered when dealing with business related issues with the government. These include whether or not your business strategies go along with the plan
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Economic environment Until the 1970s China was a closed off agricultural based economy‚ in the late 1970s China opened up to the world‚ and since then China has become the largest exporter of goods in the world. China has still maintained some of its agricultural roots by remaining the leading exporter in agricultural goods such as rice‚ wheat‚ and tea(CIA Fact Book). China’s economy is a fast and rapid growing economy with a GDP of $12.61 trillion in 2012‚ making it the 3rd highest GDP in the
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to "go it alone" in China or to partner with a company that will provide tangible assets and other services for the US-based MNC? What stumbling blocks might exist when partnering with a company in China? After reading the article I believe that a US company will partner up with a company that will provide them with tangible assets and other services. As the fastest-growing major economy in the world‚ China continues to offer global companies attractive investment and business opportunities. However
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