Why Did Some Companies Fail While Others Succeeded in China?
March 15, 2018
Hosted by Michelle Zou
Since China opened the door to the world in the 1980s, many foreign companies have made efforts to invest and establish subsidiaries in China, mainly for the relatively low-cost labors and materials or for the massive Chinese market. The Chinese government has issued many policies to attract foreign investment, experts and know-hows. However, some of those foreign companies have failed and retreated from China, while some have thrived and China becomes a major growth market. If we take out the macroeconomic factors such as political impact and global financial crises, and focus mainly on factors that companies have more control on, what are the major reasons for the failures and successes? What can business leaders learn from the lessons of those companies? In this episode, Weidong Chen, Founder and CEO of HAORAY will share his observations through management consulting practices. We will also discuss some opportunities and trends we have seen in the recent years in China.
In China with Michelle Zou
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“In China with Michelle Zou” features interviews of thought leaders and executives combined with experts in a range of industries. We reveal their thoughts and personal stories about the various opportunities manifesting with China’s economic development and social changes. From our guest Chinese and foreigners who have lived in China, you will learn valuable information about today’s China and how it relates to you.
China has risen to become the second largest economy in the world. China’s incredible opportunities are attracting people from all over the world, no matter if you are a business leader, a manufacturer, a trader, a professional, an artist, or a student. What does China look like today? What opportunities does this huge market has for you? How can you seize those opportunities? This show will help you find your own answers. You will discover opportunities that you can tap into in China and understand how you can ride with the tide to grow your career or business.
Founder and CEO at Pacific Technologies Consulting Group (PTCG), Michelle Yingyi Zou is building a consulting, training, coaching, and conferencing business focusing on US-China cross border opportunities. She brings over 20 years US-China experience in industry and helps American organizations learn the China market and culture, enter and grow business in China, and vice versa. In addition, Michelle is a business and leadership coach specializing in helping leaders and professionals grow their business and achieve their career goals. She is also a management and marketing consultant and trainer for Microsoft, a board of director at Washington State China Relations Council, and an advisor for several startups. She is passionate about education and have been leading and volunteering in NGOs to make a difference in people’s life through education. She is a public speaker in the U.S. Speaker program and frequently speaks in China. In addition, she publishes a weekly podcast program and authors articles in Chinese introducing America to the Chinese audience.
Michelle has worked in Microsoft, HP, EMC, IDC and in Chinese companies and startups. She has an MBA and Master of Science in Finance degree, as well as a Professional Coaching certification.