Doing Business in China Essay
Why I have chosen Mr Siboni?
As can be evidenced by the transcript of the interview, my choice for a person to interview is not really indiscriminate. I have given my choice of an interviewee a long and serious thought, considering the professional and actual view of the person. One of the reasons for this comes from the fact that before I actually chose the International Business and Trade Program of American University in Washington DC, I had already formulated a general idea of my career path. In fact, I had even considered all the steps that I had to take in order to pursue my career.
I have always thought that China is a country wherein business is a primary endeavour. Business is an interesting thing to pursue. With the current economic growth, China has quickly emerged as one of the most dominant economic forces of the 20th century. The rewards from this growth are available to those who are able to take advantage of this emerging market. One of these people is the person that I have selected for interview, Mr. Siboni, is the founder and incorporator of a sourcing company that is located in China.
The company of Mr Siboni was a product of his studies that involved the emerging markets in China. During the time that he spent in China, Mr Siboni realized that there was a large untapped market in this sector and he was determined to take advantage of this. His deep understanding of the Chinese Cultural Traditions has enabled him to gain an insight into the intricate machinations that are involved in the Chinese market. Since the Chinese Business Market model is quite different from other markets, a unique approach that can only be gained by being immersed in the culture is quite necessary.
As the world currently struggles to deal with the economic behemoth known as China, the key to being successful in China lies in being able to understand these differences. Mr Siboni has done exactly that by forming his sourcing company in China. He understands that the strength of the Chinese production economy manages to keep costs low and thus enticing more buyers to consume Chinese products.
This perspective is quite different from the traditional understanding of the business model on the global scale. The advantage that Mr Siboni possesses is due to the fact that he completely understood the Chinese way of conducting business and that this method was completely different from the European way of doing business. This eventually prompted him to create his own company in China. By creating his base of operations in China where production costs are brought down and a cost advantage is created, he was also able to expand by acting as a conduit between France and China.
This is the same thing that I envision myself doing in the future. By sourcing in China and creating a network in Morocco, I feel that I can attain the same level of success that Mr Siboni currently enjoys. With the help of the IBT certificate at AU, I foresee that I will have many business opportunities. Given my experience with China and the understanding of the Chinese economy that I plan to gain, I am confident that China will indeed play a major role in my career in the future.
The world is fast becoming a borderless place. Cultures, races, beliefs and ideologies are blend together and interact because of the growing advances in communications. In order to succeed in this world, one needs to be able to adapt to the various cultural differences as well as be able to maintain a certain sense of individual identity. Mr Siboni is the best example of this. At the young age of 26 years old, he has experienced everything that I plan on doing in the future. He has figured out all the procedures and challenges of doing business in China and has succeeded at it as well. Thanks to this interview and the questions that I was able to ask him, I too felt that I can be as successful as he is in the future.