In business today we are all seeking the best design technology, the lowest cost producer, the fastest delivery time, and the most effective marketing techniques. These ingredients factor into one main enterprise, providing the market place with the most competitive product at the best price available, before the competition does. So, as most of us have experienced, when the weekly management meeting rolls around the team ends up sitting around a large table in a board room hashing and rehashing cost saving ideas. While it is a great mental exercise, it will only take you so far without commitment and execution, and unless someone comes in with a fresh idea and the drive to see it through, you’ll be forced to sit through the same dialogue next week.
Inevitably, the discussion will leave the starting block and when thoughts of cost savings turn to China, you'll witness the start of a new level of dialogue. Typically, before management teams can be confident enough to execute their decision, they must answer three basic questions:
1) What are the main internal and external threats of entering China?
2) How much can we save by sourcing in China?
3) How do we reduce our exposure to those threats while remaining competitive?
Contact Dezan Shira & Associates today for more information about how to do business in China.
