Newsletter Week 6, 2008 |
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Dear Reader, Here is this week’s edition, covering:- Why Paying More Is Good China Business - A China Success Story: Dan Mintz and DMG - Happy Chinese New Year - Private Labeling & Criteria for Selecting the Right Manufacturer We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories China Expert Guest Blog Why Paying More Is Good China Business  My friend Chris Carr, dean of the CalPoly MBA program and the brains behind the International Business Tour blog has a very thoughtful post, entitled, “Will Paying More Change Behavior And Make Someone More Ethical?” Thoughtful, but wrong.The post centers on whether paying more gets you better performance and/or better ethics, and Chris pretty much says it does not: “Some suggested that we could solve the problem of too many defective products coming from China by paying more to the Chinese suppliers that make this stuff. I questioned that assumption, and still do. China Expert Guest Blog A China Success Story: Dan Mintz and DMG  This is the story of an entrepreneur building a profitable business by beating all the global big guys.Dan Mintz was born and raised in Brooklyn, and was the youngest person to be accepted into the New York Academy of Performing Arts. He started in the movie business as a student extra in the movie Fame. He went to Los Angeles where he furthered his education and experience in film production and created good connections with some of the major movie studios. In the early ’90s, he went to China to set up a joint venture for a major movie studio. This was shortly after the Tiananmen Square fiasco and the climate for partnerships with American firms was cold, if not frozen, particularly with the Ministry of Culture, which would have to be involved. He observed that the 4A global advertising agencies doing campaigns for U.S. multinationals sent the film production for the TV commercials to Hong Kong, Taiwan and Singapore because the quality of work in the Chinese production houses was sub-standard. Film production, like many businesses, consists of... Read the rest or post a comment >> Advertisement  China Expert Guest Blog Private Labeling & Criteria for Selecting the Right Manufacturer  “Private label products or services are typically those manufactured or provided by one company for offer under another company’s brand.” –Wikipedia. This is the name of the game for China and for the most part, the products you buy here in the United States are not really manufactured by the name on the label. In some instances most of the big box or clothing stores you frequent have an inventory almost entirely made up of their own products under their own brand or multiple unaffiliated brands. This is not just a game for the big boys, this can be accomplished with the same everyday products under your own company’s label. Welcome to the club, we are about to pull back the curtain to reveal what you need to know in developing your own private labeled line of products.Take notice that every manufacturer has its own guidelines, requirements and procedures for producing a private label product. Not all manufacturers offer this service or have the capability to laser-etch/carve logos etc. The first step is to source the product you like and then follow-up with the manufacturer opening a dialog about private label opportunities. Lets get off on the right foot by stating that selecting the right manufacturer to work with may be the quintessential most important decision to make. Over the next few... Read the rest or post a comment >> Facts & Figures Shanghai attractions You never know when these statistics might prove to be of value to you. So without further ado, here's our weekly top 10. Top 10 attractions in Shanghai
Fun & Games Happy Chinese New Year  Yesterday was the start of the Chinese New Year, also known as Spring Festival. This festival starts on the first day of the first lunar month (on the Chinese calendar) and it ends on the fifteenth day of this month. This period is traditionally full of celebrations, family visits, special foods and fireworks. It’s one of the more important Chinese festivals and everybody will take the time to celebrate, especially during the first three days of the festival.This time is obviously not the best for arranging meetings and trying to make business deals. Also travelling within China is not recommended since many Chinese will go back to their hometown and every form of public transportation will be overloaded with families and bags full of presents and food. The best option is probably to stay where you are and try to see some of the local festivities such as fireworks and dragon dances. And what about those rats? The traditional Chinese calendar is a lunisolar one, which means that elements from the lunar and the solar calendar are incorporated. In daily life, the Chinese use the Gregorian calendar, the Chinese calendar is used for traditional festivals, such as... Read the rest or post a comment >> |
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