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IT Outsourcing : Dealing with the Dragons
July 24, 2008 | Leave a Comment
Changes are happening in China that can affect the information and communications technology landscape of not only in Asia but also to the rest of the world.
With the sheer size of its economic capacity and vast human resources, the country is already a force to be reckoned with. China’s government and its business sectors focus more and more on infrastructure development, training their people in acquiring competent technical skills and communication (English proficiency is now mandatory for earning B.A. and M.A. college degrees) as well as enhancing their Internet connectivity.
The country is on the rise to becoming a superpower in IT services outsourcing industry by possibly when the millennium reaches its first decade.
Despite these improvements, there are several risk factors that serve as barrier for China in being a business destination for prospective growth. These risk factors can all be boiled down to one thing: China’s business culture.
To make the most of what China has to offer for the savvy IT entrepreneur; cheap but technically-skilled labor, government policies protective of private ownership and intellectual property and physical proximity to solid and growing markets in Asia, the knowledge of Chinese business practices and negotiation strategies is a definite requirement.