Comments by "" (@TheDavidlloydjones) on "Here's Why American Tech Companies Keep Failing in China" video.
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All three points correct, and, uh, obvious and elementary. But what about American stupidity?
My favorite is Chrysler, whose "pioneer" head in China -- years after they had subcontracted out the Jeep market there -- took two years to figger out that the head of the Party in his plant also happened to be head of the union -- and also happened to be his secretary. Like, Duh. Sleepwalk much?
How many of these companies' staff in China can, ahem, read and speak the local languages? Think that might have anything to do with it?
And then there's the question of the wily Orientals' suspicious numeracy. All these western companies have their books audited by Big Three auditors who are paid by and serve management. Hel-looo... You've lied to yourselves on your books, and you haven't gotten caught. Way to go Western business geniuses!
So no, Bloomberg, your three little reasons are not the only three reasons Chinese competition rides you out on a rail.
-dlj.
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