One of the greatest barriers for continuous business success of foreign owned companies in China is the management of cultural differences.
A major contributor to low performance is “Shadow Management” within the organisation, based on favouritism, nepotism and corruption. An often overlooked and serious downside of the Chinese phenomenon Guanxi.
European CSR and compliance standards are not directly translatable into Chinese business culture, causing profit and transparency to be lost, and sub-cultures being developed.
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