BUSINESS DEVELOPMENT IN CHINA:
The Growing Importance of Understanding China's Economic Influence
The significance of China’s economic growth is often underestimated by businesses and industries globally. With China playing an increasingly pivotal role in international markets, having a deep understanding of the country’s economic dynamics is no longer optional—it’s essential for maintaining competitiveness. Despite China’s rapid expansion and its profound effects on global trade, many companies have limited knowledge about the implications of increased competition and acquisitions from Chinese firms. Understanding these dynamics is critical for safeguarding profitability and preserving welfare models in Western economies.
As the Chinese economy continues to grow and assert itself on the global stage, the ripple effects of its growth are being felt across industries worldwide. Business leaders must recognize how China’s competitive advantages can reshape global markets, leading to changes in pricing, product availability, and strategic business decisions. Companies that fail to understand these shifts may find themselves struggling to compete in a market increasingly influenced by Chinese players.
Why Business Leaders Need to Adjust and Adapt
For business leaders in Norway and beyond, understanding China’s rise is essential for shaping future strategies. The need for a more profound cultural understanding of China cannot be overstated. Beyond language barriers, the way Chinese businesses operate—especially in terms of negotiation, relationship-building, and decision-making—differs significantly from Western norms. This means that organizations looking to internationalize or adapt their operations to compete on a global level need to foster a deeper understanding of Chinese culture, values, and business practices.
Increased competition from China also requires businesses to rethink their models. This includes adjusting their strategies to accommodate the changes brought by internationalization and globalization. As Chinese firms expand their reach, businesses need to be agile, adapt to new market conditions, and find ways to collaborate with or compete against Chinese companies effectively.
About the Lecture
The lecture on this topic is designed to provide essential insights for business leaders looking to gain a competitive edge in a world shaped by China’s economic rise. It will help participants:
- Understand the drivers behind China’s economic growth.
- Analyze the impacts of Chinese competition and acquisitions on global businesses.
- Explore the cultural nuances that influence Chinese business practices and how these affect international negotiations, partnerships, and market entry.
- Develop strategies for adjusting to an increasingly internationalized business environment.
By the end of the lecture, attendees will have a clearer understanding of how China’s growth impacts their industry, along with practical strategies to help their businesses adapt to these changes.
About the Speaker
The lecture is delivered by Jan Erik Christensen, a PhD in Chinese and a leading expert on China’s economy and culture. Jan Erik is the founder and CEO of Nordic China Business Hub AS (www.ncbhub.com) and LC Chinese School (www.lcchineseschool.com), organizations that focus on bridging the gap between the Nordic region and China. His extensive experience in Chinese business, culture, and economic development provides a unique perspective that equips business leaders with actionable insights.
Course Details
- Location: Available both in-person and online
This lecture offers a concise yet comprehensive overview of the growing importance of China’s role in global markets and how businesses can adapt to thrive in this new economic reality.
