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Winning in China
Book

Winning in China

8 Stories of Success and Failure in the World's Largest Economy

Wharton School Press, 2021 more...


Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Concrete Examples

Recommendation

China, long the world’s fastest growing economy, has stymied many an ambitious foreign business. In this detailed account, academics Lele Sang and Karl T. Ulrich unwrap eight case studies – four firms that faced tough going in China and ultimately flopped, and four brands that successfully navigated a tricky territory. The authors show how differently businesses operate in China, where the government is always present and interpersonal relationships are crucial. In this book, executives and entrepreneurs will discover that just because an approach works well in the West doesn’t mean it will work at all in China.

Take-Aways

  • Amazon has conquered much of the world, but China proved to be beyond its grasp.
  • Norwegian Cruise Lines misjudged the preferences of Chinese travelers.
  • Hyundai lost a once-strong position in China, as competitive and political pressures mounted.

About the Authors

Lele Sang is a global fellow at the Wharton School of the University of Pennsylvania. Karl T. Ulrich is vice dean of entrepreneurship and innovation at the Wharton School.