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Suppose China suddenly decided to give into the US demands and, overnight, revalued upwards the Yuan by 20%.

Consider the impact of this increase in value of the Yuan on two large US companies: (1) Yum!Brands whose 2007 second quarter profits were $214 million roughly half of which resulted from sales made by KFC and Pizza Hut within China; and (2) Wal-Mart where the great majority of the products sold in its US stores are made in China.

Imagine that you have been hired by the HR Director of a U.S.-China joint venture to help develop, implement, and evaluate the ROI (return on investment) for a performance management system. Please read the required background readings and any relevant resources that you locate on the Internet, and then:

Prepare an executive report in which you outline and discuss the critical issues that need to be addressed in developing, implementing, and evaluating a performance management system in the US-China joint venture context.

Please provide as much information as possible on China’s Business Etiquette.

Why is it important to understand China’s etiquette in international business?

If the Chinese do things a certain way, what would be the implication for the U.S.?

What we have to understand is that China is a communist country and has certain laws in place that are specific to media and internet activity. As Americans we might not agree with them but I think that we have to respect that other countries are different and follow different standards and laws. From a financial perspective, China is running their economy better than everyone else in the world. They have what I call restrictive capitalism. China has adopted some capitalistic traits however they are not a full blown free-market capitalistic society. Maybe countries are better off that way. Perhaps further governmental regulation is what is needed to enhance true economies. That obviously is an issue that is debatable. What we have to do as Americans is take a good look at our economy and system of capitalism involving free markets. We also have to look at how we govern. Is it truly applicable to the ever changing world where globalization is so prevalent? Another issue open to debate.explain

Looking at the external environment in Asia, identify the critical strategic factors in each of the following areas:
The General Environment
The Industry Environment
The Competitor Environment

Looking at this analysis what advice would you give a company’s management to improve the company’s successful expansion into China?

Recommend an integrated and coordinated set of commitments and actions which will exploit the company’s core competencies, sustain growth, and ensure maximum performance and value for shareholders.