Author, through his unique positions in the growing China's economy of 90s to early 2000s, shares detailed information on how the Chinese bureaucracy functions. I picked up with the intent to know little about the nitty-gritties of how a chinese consumer functions. Though I did get a glimpse of this but this book largely about Chinese business history & derived learnings from it. A decent read overall. 3/5 rating.
An anecdote about Chinese people's competitiveness which I enjoyed the most (don't mean to stereotype anyone)- Story of 3 monks: When one monk is asked to fetch water from river, he brings 2 buckets full of water on the either side of the shoulder pole. When two monks are asked the same, they come together with 3 buckets- 2 on either side & 1 in center of the shared shoulder pole, signifying their need to do minimum but equal work When the same is asked to three monks, they come back with nothing!!
This was an interesting book but I'm afraid the info is outdated by now. I actually don't have it anymore. I bought it for the office I was working at in 2005 and left it there with a colleague when I left to study Chinese for a year. That colleague moved on to another job and I never returned to that office after my sabbatical was over, so not sure where it is now. Wherever it is, I hope it is doing someone some good!
Great little book about doing business in China. General format is case studies, followed by analysis plus some maxims mimicked from Mao's Little Red Book format. A little too much padding but the case studies were both engaging to read and felt relevant to trying to do business in China as a foreigner, with the caveat that they generally weren't stories about or for small business.
Great book that shows a powerful insight into business and politics in the Middle Kingdom, while certain aspects of the book are outdated due to the constant change in China. There are still some great takeaways from this book. Thank you James McGregor!
One billion customers and yet this book writes about none of them. Instead it offers, by now, decades old anecdotes "from the front lines of doing business". Don't read this book if you are interested in the Chinese consumer, he is missing in action.
This book goes very well together with poorly made in china and mr. China to further understand chinese cukture. Although many examples about the business life in china are given this book focusses a bit more on history and how history of the prc is still relevant today, especially in a business context. After each part an important short recap is given. Extremely handy.
I think James McGregor did an absolutely fantastic job in writing this book. As a novice to the Chinese system, I found his assessments both level-headed and helpful. I found his stories extremely engaging and continually as I was reading it, I found myself showing the cover to my roommates and saying, "This book is phenominal." I believe that this is a good read for anyone - I have no intentions of getting into business with China - at least not anytime soon - but even in the act of travelling to the country, I found that this book has given me a lot of ideas about the general culture. Well written and informative, I applaud McGregor's work.
My only qualm, which caused me to lower the stars, is that some of the stories, especially toward the end, didn't seem like they could be helpful to anyone who wasn't in his exact situation. They were interesting anecdotes, but didn't teach a whole lot.
This book even helps Chinese to understand their own society. As common people, there is no way we know about the details of theses big deals from newspaper. We saw what's happening around but we don't know why. I appreciate the author for sharing his unique experience and deep view about the market from a foreign investor's perspective. Some advices of doing business in china is very interesting. MNCs should understand the environment more before they land on this absurd battlefield. A good balance of business expansion and ethic should be kept. Otherwise, just see what happened to GSK. Politics and corruption is yucky, yet the country is still functioning itself, which I think is quite amazing.
Reading this book is important for anybody who wants to understand how China really works. An update would be interesting. The last ten years have opened China even more towards the west, and, although much of the fundamental typology described in the book still prevails, the world is getting (for the better or the worse) more and more uniform. The book is packed with interesting facts experienced first hand by the author, it is easy to read, captivating and well structured.
This was probably the best book on China I've read so far. It may have been because it was the first book on China economics I read, but I don't think so. It was interesting, well written, contained lots of great insights, and very informative. It is 2 years old and on the China timescale that may make it outdated, but I would still definitely recommend it to anyone about to move to China or interested in the economics over here.
This book is full of current Chinese gems such as "Being corrupt is not a big deal. Everybody is corrupt. But you can't be corrupt and be politically incorrect at the same time. You don't have to be clean as long as you are loyal to your political protectors above you. Honesty in China will always lose out to piety and loyalty." "The procurement process in China is usually corrupt at every level." Yucky society. Glad I'm not Chinese.
I read this book for my international business management class. I loved the do's and do not's of business in China and the insights it held, but it was very detailed I think that 50-75 of those pages could have been cut out. A lot of repeating went on, and I know it was probably to illustrate multiple examples and all that but it just dragged the novel along for me, especially when then I had to condense 300 pages into 2 for the book report.
Repeatedly mentioned corruption as part of doing business in China, like other business books on China. It talks about China as a market and not just a factory, unlike many other business books on China.
I had to read books on the subject for business school. It's not something I really enjoy reading about, so my star rating is not truly fair.
Old (in lightning-fast China time, anyway) but great. Felt like reading a collection of quick, entertaining Harvard Business School case studies, but about companies in China. McGregor's palpable glee when he recounts the standoff between Reuters/Dow Jones and Xinhua, which he was directly involved in, was especially fun to read.
Way too boring. There is only one thing separating this from a one-star ranking, and that's the story about Lai Changxing, a thoroughly entertaining story about one of China's most notorious entrepreneurs. But the rest is either about BIG business or BIG government, neither of which is particularly relatable for the common person.
James McGregor's book was one of the early books written on how to understand and adjust your China business strategy based on "How China Really Operates".
One of the best parts of the book is his summary of each chapter interestingly titled " The Little Red Book of Business". These sections highlight the main ideas and action points of how to do business in China.
Facts, facts, facts! I learned a lot about the backgrounds of some of the major players in the up and coming economic war. Although I did not agree with everything the author talks about, nor did I agree with the numerous spelling mistakes, this pretty much sums it up.
a great book to learn about contemprary China. Not only about the Chinese business culture, but also about its history, its ideology and its people. The author's understanding of today's China is profound and accurate. Thumbs up!