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Business Success in China »

Book cover image of Business Success in China by Markus B. Hofer

Authors: Markus B. Hofer (Editor), Bernhard Ebel
ISBN-13: 9783540346142, ISBN-10: 3540346147
Format: Hardcover
Publisher: Springer-Verlag New York, LLC
Date Published: November 2006
Edition: (Non-applicable)

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Author Biography: Markus B. Hofer

Book Synopsis

China is the world’s largest power region, achieving economic growth rates that exceed those of most industrialized countries. Joining the WTO unleashed the powerful "dragon" of Eastern Asia and Chinese markets are expected to grow even faster in the coming years. International companies looking to start or extend business in China are finding exciting new opportunities. Yet these opportunities do not come without serious challenges.

In this book practitioners of international companies are offered valuable insights and lessons from established and successful managers, academics and consultants. The book is divided into three parts: "Opportunities and Challenges in China", "Strategies for Market Entry and Business Success" and "Practical Insights from China". It covers a variety of topics such as business strategies, branding, pricing, market research, legal constraints and successful business relations. It also takes a closer look at best practices from Volkswagen, Allianz and MAN Roland.

"China is one of the most promising markets worldwide. Especially Western brands have very good chances in this future market. The book Business Success in China edited by Simon - Kucher & Partners provides well-founded strategies, recommendations and suggestions - a must for managers in the China business."

Hans-Joerg Seeberger, CEO, EganaGoldpfeil Ltd., Hong Kong

" 'One generation plants the trees, another gets the shade.' This piece of Chinese wisdom represents how systematically and determined China is pursuing its path. Those who want to be a part of this and to have long-term success must deal intensively with the idiosyncracies of this gigantic market. To accomplish this, the book Business Success in China is required reading."

Heinrich v. Pierer, Chairman, Siemens AG, Munich

"As the Chinese saying goes, 'A journey starts with the first step'. Business Success in China ought to be that first step for any manager looking to grow the business in and with China."

Wilfried R. R. Vanhonacker, Chair Professor and Head Department of Marketing, The Hong Kong University of Science & Technology, Hong Kong

Table of Contents

Part 1Opportunities and Challenges in China
The Rise of the Dragon3
The Chinese Consumer Puzzle - Placing Branded FMCG in the Chinese Market11
After the Hype: Investment in China?29
The China Boom - What's Left for Us?39
Tao, Strategy and Li49
Part 2Strategies for Market Entry and Business Success
Conquering the Dragon - Entry Strategies for the Chinese Market55
Competing in the Dragon's Den: Strategies for a Changed China69
Business Strategy in China's Transformation87
A Guide to Business Success in China for Foreign Enterprises101
Effective Pricing Strategies for Foreign and Chinese Companies119
The Run to China - and the Need of Better Information and Analysis131
Market Research as a Module in Market Strategies in China151
Legal Constraints on Business in China169
Successful Business Relations with China - To-Dos and Taboos179
Part 3Practical Insights from China
The Insurance and Banking Sectors in China199
Automotive Dragon Power in China211
Business Development in China: Volkswagen's Involvement in this Emerging Market223
Engineering Business in China243
Market Entry and Business Success in PR China - the Case of MAN Roland255
Invest in China - How to Find the Right Location263
Authors273

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