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Essay / China Case Study - 1582
Moreover, most multinational companies in China employ predominantly Chinese people. Interestingly, these multinational companies are very successful players in the Chinese corporate market. Some of these multinational companies include Shell, Motorola, HSBC, IBM, Intel, as well as British Petroleum (Anon, 2011, p19). As mentioned in the previous paragraphs, China is currently experiencing rapid economic development. As he seeks to make a name for himself in the universal market, he becomes more open to Western ideologies. This means; Even with rapid economic growth, China remains a difficult area to manage. As a nation, China has established many wonderful relationships with multinational corporations (Kumar, 2008, p111). These relationships have ensured the success of both China and multinational companies. To successfully start a business in China, one must overcome many challenges. Armed with this knowledge, multinational directors are now better prepared to do business in China. Multinational companies in China have faced certain challenges; the main problem being the retention of Chinese employees due to their cultural differences within the country. Through previous research on China's labor market, the unique characteristics of the market involved college graduates as well as white-collar workers with experience. This is a growing educational culture in