4 Conclusion
This chapter starts from the premise that China’s open-ended process of transformation lies away from its inherited communist party-state structures, and provides a framework to help conceptualize the party-state’s evolution. Prevailing business conditions derive from this transformation, which lies at the heart of management’s dilemmas in doing business in China. Looking forward, we are in the very early stages of China’s incorporation into the global business system. China’s entry is as good as irreversible. That means extensive and continued further changes in the way that China’s markets evolve, and a long learning process ahead for companies operating there. What matters in China, for management, as well as for the regime, is muddling by on a day-to-day basis, with a broad vision of where we want to go. The regime is undecided, which is one further reason why in China regime change lies ahead.
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Story, J. (2007). Business Strategy in China’s Transformation. In: Hofer, M.B., Ebel, B. (eds) Business Success in China. Springer, Berlin, Heidelberg . https://doi.org/10.1007/978-3-540-34615-9_8
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