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Essay text:
How Citigroup adapted to the Chinese governmental and business environments would play a critical role in shaping the company's expansion into the Chinese market.
There are numerous reasons that would make it difficult for Citigroup to adapt to the Chinese environment. First, Citigroup would have to overcome numerous human resources obstacles. Citigroup held true to its belief in hiring local employees. As a result, over 95% of Citigroup's employees in foreign markets were local. However, as China lagged behind in its business administration curricula, Citigroup would have to spend a longer time training local employees...
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Common topics in this essay:
- Cultural Differences in Joint Ventures
- An Analysis of the Business Cultural Issues Raised by the Article; Knowledge Transfer, Knowledge Replication, and Learning in Non-equity Alliances: Operating Contractual Joint Ventures in China (Wang, Y. Nicholas, S. 2005)
- China Sport Product Market Analysis
- Citigroup's Adaptability in China Market Expansion
- Corporate Governance of International Joint Ventures
- It is claimed that 40% of mergers and joint ventures fail. Discuss with reasons the above issue.
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