Chinese Management Studies

China is the world’s forth largest economy. It is one of the top and fast growing markets in the world, with its annual GDP growth exceeding 9%. China has become a great business destination of the potent and prosperous multinational business corporations in last two decades. China is today remarkable country offering excellent business opportunities. It’s become a wonderful business destination for the world business community.

China is the most vibrant, dynamic trading economy in the developing world. Chinese business is growing tremendously and a number of foreign companies are rushing to china each year. According to some surveys, the Chinese business has attracted 345.6 billion U.S. dollars in foreign investment from year 2001 to 2005.

The swiftly growing Chinese market offers tremendous Chinese business opportunities to companies through out the world. Chinese business offers some fantastic advantages. It has easy access to raw materials and cheap labor and it is a monolithic and growing market for all types of products and services.

However, getting success in Chinese business needs a strategy, networking, and acquaintances. The Chinese have a different way of doing business and companies have to be acquainted with accurate tactics to handle things in China. Chinese business tactics involves honoring their superiors, staff and family. Drinking is also a very common part of the business deal culture. Be prepared!

Thus, any investor interested in Chinese business has to be respectful when dealing with the Chinese. Developing and implementing a winning Chinese business strategy needs a perfect, realistic understanding of both the risks and rewards. To have a good place in Chinese business market, it is crucial to establish a strong relationship and network.

The China market, similar to in countries such as South Korea, is just like a web which work efficiently on the basis of links and connections. Strong and healthy business relationship allow sharing Chinese business tactics and analysis with others and on other hand good governmental relationships help to deal with administrative and legal procedures. Investors or companies also need to familiarize themselves with the Chinese culture and understand their basic business strategies.

However entering the China business market is not an easy task. The government procedures in China are complex and a lot of paperwork confuses investors to deal with the authorities. The role of labor unions and works councils and rules regarding protection of intellectual property are also challenging in China.

Is Herbalife a scam or is this a legal business opportunity? The reason for my doing this review was the fact that I wanted to look at a home business opportunity and did some background research on Herbalife to see if this was a suitable opportunity. Through the tragic death of his mother, who had desperately tried to lose weight and died through medication for weight loss, this set Mark Hughes on his quest to find a safe way to lose weight for many others. Herbalife International was founded in 1980, by Mark Hughes. Since then it has expanded and is now available in over 65 countries worldwide. They have over 1 million plus distributors who work both online and offline selling the products direct to clients. Herbalife is a direct selling company. Herbalife shares (HLF) are listed on the NASDAQ.

Products

Quality controls behind Herbalife products are always in place. Their raw materials including botanical ingredients are sourced from reputable suppliers around the world and are manufactured in accordance with established quality standards. Herbalife suppliers and manufacturers are obligated to follow Herbalifes written procedures that are verified by periodic audits and inspections. Two clinical studies using Formula 1 have been conducted at leading universities bringing creditability to these products.

Compensation Plan

It is relatively simple to become a “Supervisor” level distributor. When you become an Herbalife distributor, you are a basic “Distributor” and can earn your way towards 50k President level. It may take many years to get to that level. You gain levels by selling products and gaining volume points. Volume points for most products are equal to the manufacturers recommended selling price of the product and are based upon the US dollar value of the products.

Training and Support

Herbalife encourages team work and as such there are strands of different teams within Herbalife who all work to the same company ethics, but each strand develop their own training strategy for their teams. Trainees are also expected to attend a monthly Success Training Seminar (STS), these are held regionally in all 65 countries that Herbalife operate in. There is online training documentation and videos on the main Herbalife website for new distributors.

Conclusion

After researching Herbalife International, I found the company to be a genuine proven business opportunity that empowers people to achieve their dreams, financial freedom and the rewards of helping others. The products are true to their word and have proven to be first class products which provide weight loss and weight management results. With over 1 million distributors worldwide and trading in over 65 countries globally I made a decision to join Herbalife as a Distributor.

For a raucous good time, nothing beats a Chinese banquet. The Chinese love to conduct business while eating, and if you are lucky, your trip will include one of these feasts. The atmosphere is very different from a formal Western dinner. While a Chinese banquet can often seem rowdy, there is in fact a deep foundation of etiquette.

Traditionally the host sits facing the door of the private room, to allow passersby to see (and admire) him. The meal begins with a selection of appetizers such as chilled meat. Try a little of everything. Sometimes, it’s best not to know what you are eating.

Soon you will stand up for a toast expressing hope for great cooperation and success in your new business ventures. As you clink glasses, show respect by keeping the rim of your glass below that of your host. Returning the toast later in the meal will leave a good impression.

The Chinese phrase for a toast (“Gan Bei”) literally means “Dry your glass,” but don’t do that. A sip is fine, especially if you are drinking Baijiu, the traditional Chinese liquor. Some Chinese drink a big glass of yogurt in hopes of preventing drunkenness. A better bet is just to be sensible. Being a little tipsy is ok, but it is usually bad form to get blotto.

Compliments and light talk will keep the mood friendly. Smoking is very popular, though you don’t need to do it. There will be loud chewing, and it is perfectly fine to spit out bones or gristle beside your plate. A lot of food will be left uneaten. This Chinese custom shows that the host is not being stingy with you.

The relaxed, jovial atmosphere of a banquet is very well suited to doing business in China. Your meal will taste even better if you and your Chinese partners are able to reach an understanding while enjoying one of the world’s great cuisines. Gan Bei!