Absolutely, yes, I do. The culture thing you can't just learn from school. Thinking ahead of the curve is based on knowing people, culture, tangibles & intangibles...
There is a saying: "thinking globally, acting locally".
We all know that KFC is EXTREMELY successful in China over McDonald. WHY ? Besides KFC entering the China market 3 years earlier than M, one thing KFC did GREAT was to hire a Chinese from the US to run its China operation. KFC in the US is way behind the M in terms of market share...
Lessons should be learned by SMART foreign companies. Same is true for Chinese companies if they are determined to enter foreign markets and be successful in long run, they should hire local people to run the operations.
By the way, I never eat at KFC both in China and in the US, but my kids love KFC in China.
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