Global Business Essay Example | Topics and Well Written Essays - 750 words - 3

Global Business - Essay Example Therefore, an American multinational corporation (MNC) finds itself in a situation whereby its research teams have to translate their strategies to match the Chinese language and culture. The businesses venturing into China have to define strategies for overcoming the communication barrier. For example, MNCs find difficulties in establishing relations with the Chinese since it is a Western culture to shake hands and engage on persuasive and lengthy speeches whereas their Chinese counterparts rarely shake hands in greetings, and they approve business deals by observing the identified merits. Moreover, expanding into China requires a business to learn the value of relationships with stakeholders. In Chinese culture, businesses establish strong relationships with stakeholders, an aspect that receives minimal significance in the west. According to the Chinese society, stakeholders pursue belongingness, and would resent those organizations that fail to honor their presence and involvement. Business relationships in the Chinese context are deeper than the rapport established between businesses and clients in the western context. Therefore, this can pose a challenge for new businesses that seek to expand into this region because they have to earn the art of establishing business relationships that can measure up to the level expected in Asia (Wong, 2008). This means gaining a better understanding of business partners away from the formal settings in informal settings such as dinner parties. This translates to the fact that the sealing of business deals takes longer in china b ecause a business must invest more time in creating proper acquaintance with partners. Organizations should adapt to the change in favor of the Chinese market and this would contribute to profitable returns (Jiang &Stening, 2006). Asians also honor different occasions and may use different colors to represent them. For instance, the Chinese use the red color to