Earlier this week I spoke at a China Unbound event in the unique setting of the first class lounge at London's King's Cross station. Visit the (China Unbound group for more at http://linkd.in/1hA4GHR ). I made six major points about how to work effectively with managers and businesses from China:-
1. Aim for long-term success
2. Harmony, or hell
3. Relationships are the true capital
4. Partners aren’t agents
5. Look forward
6. Win-win networking.
I've written more on the topics at http://duncanchapple.com/2014/03/02/doing-business-with-china-expect-the-unexpected/
Visit the China Unbound group for more at http://linkd.in/1hA4GHR.
3. Highlights
15 years experience of
working with business
people from Greater China
Deloitte
EAST WEST PR/
Brodeur
Worldwide
Lighthouse True Heart
London
Business
School
Kea Company
Global DDT
marketing &
communication
team
Establish
international
analyst relations
practice
Marketing
communication
for international
high tech
brands
Trustee of
charity serving
Chinese in
Britain
Member of
international
advisory council
Helping Greater
China firms to
export and
partner in
Europe
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4. Aim for long-term success
❖ Be modest, patient and polite
❖ Leave the jokes at home
❖ Be formal and respectful
❖ Be focussed and attentive
❖ “Quick wins”can be quick losses
❖ Bureaucracy
❖ Integrity
❖ Case study: Cut and Paste
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5. Harmony, or hell
❖ Saving face
❖ “No”isn’t heard, or said
❖ Under consideration
❖ ‘British’avoidance
❖ Confucian ideal is harmonious
❖ Duty, loyalty, respectful
❖ Lack of harmony can provoke
the maximum resistance
❖ War story: role plays
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6. Relationships are the true capital
❖ Cultivating successful
relationships is a vital, long-term
activity.
❖ People want to know you, not
just your product, before they
trade
❖ Gaunxi - connections want
mutually-beneficial business
and socialising
❖ War stories: case studies
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7. Partners aren’t agents
❖ Major tangible and intangible
investments into partners
❖ Extensive hospitality
❖ “Homelandish" gifts
❖ Do their favoured activity
❖ Deals made socialising
❖ Time, knowledge
❖ War story: Door opening
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8. Look forward
❖ Getting paid can be tricky
❖ SAFE controls foreign
exchange
❖ Be very clear up front about
when you need purchase
orders and payments
❖ A good bank can advise you
on security of payment
❖ War story: still not paid
❖ War story: cash on delivery
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9. Win-win networking
❖ Huge, growing opportunities
expanding with your network
❖ Invest in your partners
❖ Look for how you can facilitate,
think“win-win”not just“sell”
❖ Create value for others
❖ Focus
❖ Regions
❖ Small numbers of partners
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10. Summary
China: Expect the
unexpected?
❖ Aim for long-term success
❖ Harmony, or hell
❖ Relationships are the true capital
❖ Partners aren’t agents
❖ Look forward
❖ Win-win networking
❖ More: http://bit.ly/DuncanChina
11. My Experiences of Doing Business with China
Expect the unexpected?
Challenges and tactics
Duncan Chapple
Managing Director
Kea Company
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