How Managers of Foreign Firms in China Perceive China’s Business Environment and Support: A Case Study of Pfizer China
L.Zhen
Abstract
Doing business globally represents an attractive business opportunity for many firms for many reasons, but this can be difficult due to various cultural, language, and policy differences. This study examines how managers of foreign firms in China perceive China’s business environment, how they perceive the Chinese government’s business support for foreign firms, what factors they emphasize in terms of China’s business environment, whether there is any difference in factors emphasized in terms of China’s business environment between managers with favorable and unfavorable attitudes toward this environment, what factors they emphasize in terms of the Chinese government’s business support for foreign firms, and whether there is any difference in factors emphasized in terms of the Chinese government’s business support between managers with favorable and unfavorable attitudes toward this support. According to the results, the respondents generally had neutral attitudes toward China’s business environment and favorable attitudes toward the Chinese government’s business support. In terms of the business environment, the respondents emphasized a business environment conducive to business and a transparent business environment. In terms of business support, the respondents emphasized efforts to provide foreign firms with business support as the most important factor. The results have some important practical implications for policymakers and practitioners.
Keywords: Managers, Foreign Firms, Business Environment and Support, Pfizer, China