Seven lessons for SMEs in China

By Fergus Ryan

Among the organisations the report mentions are the Australia China Council, Austrade and AusAID, the Australia China Business Council, Australian Chambers of Commerce in China as well as state government international offices. “It is a good idea to attend at least one of the trade missions organized by the federal, state and city governments to learn about the latest business developments in China” the report suggests. 6.      If you’re not online, you’re not in business.

Dealing with high staff turnover can create an onerous cost burden on SMEs as fickle workers move on to other jobs and new staff need to be trained. “Managers should review compensation and benefits periodically to ensure they stay in step with the rapidly changing employment market in China,” the report says. “They should also pay attention to employees’ personal needs and develop more flexible policies to create an engaging work environment.

Understanding even a little of China’s language and culture is a plus when trying to manage local talent.  “It is important that foreign managers develop language skills, and have a good understanding of Chinese business culture,” the report notes. 4.

Read more here: Business Spectator

    

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