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Purpose

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

For many years China was referred to as the “Sleeping Dragon”. Today China is poised to become one of the industrial giants of the 21st century with foreign direct investment (FDI) reaching 912 billion in 2004. Multi‐national companies are flocking to China drawn by the dual advantage of low labor and development costs and a ready‐made consumer market. However for foreign firms to achieve success in China, they must understand and adapt to the local culture.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

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