Book contents
- Dynamic Growth of Chinese Firms in the Global Market
- Dynamic Growth of Chinese Firms in the Global Market
- Copyright page
- Contents
- Figures
- Tables
- 1 Introduction
- 2 China’s Economic Rise and Global Footprints of Chinese Firms
- 3 Globalisation of Chinese Firms Using Existing Paradigms
- 4 Globalisation of Chinese Firms Using New Paradigms
- 5 Challenges and Failures
- 6 Product Images and Market Acceptance of Chinese-Made Products
- 7 Corporate Social Responsibility
- 8 Managing National Image
- 9 China’s Technological Competence, Trade Relations, and Economic Co-operation
- 10 Holistic Conclusion through a Futuristic Lens
- Index
- References
5 - Challenges and Failures
Published online by Cambridge University Press: 05 February 2020
Book contents
- Dynamic Growth of Chinese Firms in the Global Market
- Dynamic Growth of Chinese Firms in the Global Market
- Copyright page
- Contents
- Figures
- Tables
- 1 Introduction
- 2 China’s Economic Rise and Global Footprints of Chinese Firms
- 3 Globalisation of Chinese Firms Using Existing Paradigms
- 4 Globalisation of Chinese Firms Using New Paradigms
- 5 Challenges and Failures
- 6 Product Images and Market Acceptance of Chinese-Made Products
- 7 Corporate Social Responsibility
- 8 Managing National Image
- 9 China’s Technological Competence, Trade Relations, and Economic Co-operation
- 10 Holistic Conclusion through a Futuristic Lens
- Index
- References
Summary
The path for Chinese firms to go global has not been easy. There have been mistakes and failures. While the global community generally accepts the trend of Chinese firms going out, the pace and extent at which Chinese firms globalise nevertheless cause concerns in some host countries. This chapter examines the major types of challenges faced by Chinese firms. They include concerns in product safety (export-related), failures in managing workforce (raw material mining-related), inexperience in making deals (mining-related), failures in obtaining/honouring contracts (infrastructure-related), gaining local support (infrastructure-related), and failures in relieving host-country security concerns (merger and acquisition-related). While some of these concerns are based on host-country perceptions and may not be ‘real’, perceptions matter and carry serious consequences for Chinese firms’ going out efforts.
Keywords
- Type
- Chapter
- Information
- Dynamic Growth of Chinese Firms in the Global MarketChallenges, Strategies and Implications, pp. 83 - 102Publisher: Cambridge University PressPrint publication year: 2020
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