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The China Business Conundrum
Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice
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Check link for latest rating. ( 22 ratings, 8 reviews)
Brief Description
Revealing account of the struggles and surprises when forming a financial joint venture with China The China Business Conundrum: Ensure That Win-Win Doesn't Mean Western Companies Lose Twice describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on...
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The China Business Conundrum
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Description
Revealing account of the struggles and surprises when forming a financial joint venture with China
The China Business Conundrum: Ensure That Win-Win Doesn't Mean Western Companies Lose Twice describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design—and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers.
Describing a China he found fascinating and maddeningly complex, this book explores topics including:
- Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design
- Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations
- Wilcox's own honest missteps and the painfully learned lessons that came afterwards
Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That Win-Win Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for all Western bankers, C-suite executives, consultants, and entrepreneurs seeking to do business within China.
Book Details
INFORMATION
ISBN: 9781394294169
Publisher: John Wiley & Sons Inc
Format: Hardback
Date Published: 04 November 2024
Country: United States
Imprint: John Wiley & Sons Inc
Audience: General / adult, Professional and scholarly
DIMENSIONS
Spine width: 36.0mm
Width: 163.0mm
Height: 234.0mm
Weight: 635g
Pages: 384
About the Author
A 30-year veteran of Silicon Valley Bank (SVB), KENNETH WILCOX was the bank’s CEO from 2001 to 2011 and Vice Chairman of SVB’s joint venture in Shanghai (SSVB) until 2019. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco.
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