Risk is a major reason that companies fail in, or fail to enter, China. This unique book demonstrates how correctly-applied due diligence can not only reduce business risk in China, but also provide excellent business intelligence to support negotiations and business relationships. Based upon the author's twenty years of consulting experience in China, this practical book is packed with real-world case studies of failures and successes, providing a valuable and detailed 'road map' to avoiding the most high-profile pitfalls of business in China.
Praise for Risky Business in China:
"At the heart of this book lies the contradiction between the reality that investing and operating in China is a risky business but that China is simply too big to ignore. Any business person would do well to read this excellent brief on the perils of dealing with China's vast and endlessly fascinating business landscape." Tim Clissold, author, Mr. China
“Jeremy Gordon has written an accessible manual on how to assess risk and due diligence in China. A must-have guide for the world’s potentially largest market.” Linda Yueh, author of China's Growth: The Making of an Economic Superpower; Fellow in Economics, St Edmund Hall, University of Oxford.
"China, long the most attractive market on earth, has also been regarded as the riskiest…Risky Business in China provides a vivid portrayal of the multifold, manifest China risks but also provides a road-map for navigating them. This is a must-read for all those involved, or aspiring to be involved, in China business." Bill Fischer, Professor at IMD and former President and Dean of the China Europe International Business School (CEIBS) in Shanghai.
A timely, well written, easy to read, and useful piece of work for any professional doing or interested by doing business in or with China. The author quickly immerses the reader in the heart of the matter by highlighting the Chinese realities and characteristics. The book not only offers a comprehensive view on the potential risks associated with doing business in China; it also provides useful data, references and case studies as well as practical due diligence guidelines to avoid the obvious and less obvious pitfalls.
The pre-release reviews are in...and are very positive:
"At the heart of this book lies the contradiction between the reality that investing and operating in China is a risky business but that China is simply too big to ignore. Any business person would do well to read this excellent brief on the perils of dealing with China's vast and endlessly fascinating business landscape."
Tim Clissold, author, Mr. China
“Jeremy Gordon has written an accessible manual on how to assess risk and due diligence in China. A must-have guide for the world’s potentially largest market.”
Linda Yueh Author of China's Growth: The Making of an Economic Superpower Fellow in Economics, St Edmund Hall, University of Oxford Adjunct Professor of Economics, London Business School
"China, long the most attractive market on earth, has also been regarded as the riskiest…Risky Business in China provides a vivid portrayal of the multifold, manifest China risks but also provides a road-map for navigating them. This is a must-read for all those involved, or aspiring to be involved, in China business."
Bill Fischer Professor at IMD Former President and Dean of the China Europe International Business School (CEIBS)
*I received this book for free through the GoodReads First Reads program*
Risky Business in China is a small and compact book that clearly explains the how and why of due diligence when wanting to do business in China. The book doesn't only cover the most well known research areas such as financial and legal due diligence, but takes it a step further to topics as QHSE and employee background checks, which are easily overlooked, but just as important.
All the abbreviations, numbers and names in the book make for a slower read, but the use of analogies, figures and pictures, interesting stories from real cases and good recaps at the end of each subject kept the story flowing. Even for me, a beginner at this subject, it was easy to follow and understand.
I did notice a few editing mistakes that threw me off sometimes, where I had to read the sentences a couple of times to find that there was a word missing (or a word too many). I also came across the words "see box below" in the last sentence of a page (and no box on the next page either...). These things make me think that maybe the editing was done in a bit of a rush.
But other than that, this book does what it needs to do: it makes you aware of the importance of due diligence when doing business in China and tells you exactly how to do it and how and where to get the information you need. It even includes lists of relevant websites for consultants, lawyers and accountants, as well as a list of twitter feeds and blogs where you can find more information on the subject.
In short: this book gives you a complete due diligence toolkit for doing business in China; it just needs to be opened and used.