Thursday, June 05, 2014

Challenges for Chinese companies going global - Joel Backaler

Joel Backaler
+Joel Backaler 
Author Joel Backaler of China Goes West: Everything You Need to Know About Chinese Companies Going Global just returned from a book tour in China. On his website he summarizes a few observations, for example the fears of Chinese companies going global.

Joel Backaler:
My last speech in Beijing was at the Cheung Kong eMBA program which highlighted the Chinese side of outbound investment. The vast majority of the 80 attendees were C-level executives from top Chinese firms pursuing their MBA primarily to learn how to globalize their businesses. After a keynote speech to open up the session, I was joined on stage by a senior vice president from the Chinese firm TCL, a consumer electronics firm. We discussed the topic of outbound M&A and the many challenges that Chinese companies tend to face in the process. My counterpart from TCL described many of the challenges I wrote about in my book based on his own experience buying firms in the US and France. He expressed concerns about over-paying for acquisition targets, challenges along the management visit stage and difficulties incorporating global executives into his Chinese organization.
More at Joel Backaler´s website the China Observer.

Joel Backaler is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´ request form.

Are you interested in more experts on outbound Chinese investments at the China Speakers Bureau? Do check our latest list.  
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