Business Globalization in China Essay Example | Topics and Well Written Essays - 750 words

Business Globalization in China - Essay ExampleTo be able to create a comprehensive caper report, we need to evaluate the background of business dynamics by keeping in mind the social fabric.Accumulating all necessary data regarding Chinas business prospects allow for require careful study of the governments past and present policy. We need to assess Chinas history to completely comprehend the progress and development of the Chinese economy. China offers a lot of compelling reasons that make it an attractive business destination and hence it is imperative that business entities have local knowledge about China and the distinct cultural, economic and business idiosyncrasies. To allow a first-hand experience about the local business dynamics, we forget administer a comprehensive interview with local entrepreneurs to get the essence of Chinas business environment. Additionally, we want to interview both successful and unsuccessful local and international entrepreneurs who have done businesses in China so as to get unbiased views. In addition to qualitative analysis of Chinese business customs, this report will have a quantitative analysis that will have statistical data and information that support our hypothesis. Surveys will in like manner be carried out to create graphic and numerical representations with regards to the economic condition and the commercialise system of China.The process of shifting from closed, protected and government regulated economy to a globalized economy is generally a turbulent one. However, the decision to shift had been a compulsion and not a luxury. The importance of globalization and integration with the world economy was in critical for the increase of any economy. Globalization has led to many improvements and innovation in technology and business, and has touched our e realday life. Globalization has not only opened the doors to foreign markets for Chinese goods, but it has also created numerous avenues of growth for oth er economies. Through globalization, we have experienced a balance of global economic and technological activities between countries from the Far East and countries from the Far North. Additionally, globalization has positively impacted small and little enterprises all over the world. Regardless of how big or small the business venture is, it is inevitable for any company to adjust to new business dynamics. Chinas attempt for global expansion has triggered a growth of the countrys economy, political and business system. In addition to foreign markets, the local demand has also increased tremendously and that has led to the initiation and growth of many small businesses in China. Due to this fact the standard of living, Gross Domestic Product and income per capita of the Chinese inhabitants have significantly improved over a period of 10 years. Moreover, the rapid abolishing of government regulations by the communist regime has brought countless small and micro enterprises to the f orefront of globalization. China has become a string global economic force that other countries need to recognize. Hence, the new look China is a very important player in the new world economy scenario.3. SOCIAL CUSTOM AND BUSINESS CULTUREJust like any society, China