You must aware of “Guanxi”
Because you need to keep a good relationship with the local government
to make a successful business
A central idea in Chinese society
Basic dynamic in personalized networks of influence
A state of general understanding between two people
Closely related concepts
: Ganqing(feeling,感情) Renqing(人情) Mian(face, 面)
Social status, propriety,
that means imbalance in regional development disparity and economic structure. In addition, with increasing demand for democracy and Taiwan’s declaration of independence from China, they are lying on the unstable status. We thought this imbalance and unstable status of China will be very big barrier for future economic development of China. So we decided to analyze about these problems.
Natural Resource Issue
Estimated Oil Reserve :
183 billion barrels of oil(Bbbl) for the entire East China Sea.
(216 Times of S.K’s 2010 consumption)
(Total imported Oil of S.K 2010: 0.8Bbbl)
(Iraq’s current total Reserve: 115Bbbl )
The Boarder of EEZ line is still controversial and China and Japan can NEVER give up
중략
Sino-Japanese relations have been
Quick concession
Eliminate the chance of discussing on initial offer
Intimidation
Threats counter party when they lack of strong BATNA.
Mistake 1
Fail to formulate effective negotiation strategy
Mistake 2
Fail to encounter Gekko’s tactics
Mistake 3
Fail to shift the negotiation into integrative one
→ only focus on one issue(share price)
→ competitive negotiati
Another source of indirect costs of financial distress is higher costs of capital: Short-term loans by contractors and banks are expensive and difficult to obtain (http://www.investopedia.com),
Financial distress brings the bankruptcy so it has also brings about workout. The process of working with a lender to explore alternatives to foreclosure or bankruptcy after a default. This may invo