The most salient characteristics of doing business in the region are the following:
It is difficult to get reliable information.
Maintaining smooth and regular contacts with government officials is essential.
China and Vietnam lack a strong legal framework; the region has a general resistance to rely on the legal system to resolve disputes.
S Corruption is a frequent practice in some countries.
Personal relationships, called guanxi in China, play a greater role in Asia than anywhere else in the world.
Business cultures are hard to decode in terms of values, norms, behaviours and operational practices; the firm must invest in cultural understanding and develop a talent for learning.
S Financial profits are usually slow to come; this calls for patience.
Western management approaches must be adapted without losing strengths such as quality, integrity, and technological expertise.
Products or trademarks may be copied - with no legal redress available.
Western firms must then make specific, tailored strategic investment resources, assets and competencies in order to meet the challenges raised b environment and to build capabilities in Asia Pacific
Creating capabilities in resources, assets competencies : Resource based and Market based article from Resource Management Catagory Creating capabilities in resources, assets competencies
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