CASE STUDY: DMG SHANGHAI
1.2 What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around them as Dan Mintz apparently does?
The experience of DMG Shanghai tells us that the business environment in China is complex and often requires navigating through various rules and regulations. It also highlights the importance of personal connections and guanxi in conducting business in China.
If a business strictly obeys all the rules and regulations in China, it may face various challenges and limitations. It could potentially lead to slower growth and limited access to certain markets or resources. Additionally, competition in China can be fierce, and businesses that are not willing to adapt or find alternative ways to work within the system may struggle to stay competitive.
However, it is also important to note that the interpretation and enforcement of laws and regulations in China can be subjective and can vary across different regions and government entities. This means that the consequences for strictly following the rules may not always be predictable or consistent.
Ultimately, it is a delicate balance for businesses operating in China. While it is important to comply with the laws and regulations, it may also be necessary to find creative solutions or opportunities to work around certain barriers or bureaucracy.