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Italy-China Cooperation: Analysis of a Case of Stakeholder Management
Starting in 2015, in order to seize the opportunities coming from the international markets, grow in size, and achieve economies of scale, the management and shareholders of Pirelli decided that it was possible to allow the Chinese giant ChemChina to acquire a significant stake and exercise influence over the company's decisions.#The ChemChina-Pirelli case could represent a true benchmark for other ...
Pressures and Tensions in Transatlantic Relations
Between 2004 and 2012, the United States and the European Union were each other's most important trading and investment partners; with annual trade of over 4 billion dollars, they generated 50% of the world's GDP and a third of global trade flows. Moreover, with the return to the White House of an Atlanticist president like Joe Biden, Washington has come back to the center of the climate agenda, re-entering ...
The Birth and Evolution of the Chinese Question
China is the player that has undermined US world hegemony the most, challenging not only the international system that came into being after 1945, but also its founding values and their universal character.#In recent years, technology supply chains, and primarily semiconductors, have been at the center of competition between the United States and China. The geopolitical nature of the technological ...
Negotiation: How Important is Cultural Background?
An activity present in every human community and society, but carried out following norms, methods, and behavior that can be very different depending on different cultural backgrounds: this is how we could describe negotiation in an intercultural perspective. In a world of globalized business, in which organizations and professionals increasingly find themselves interacting with colleagues and ...
Management Faces the Untranslatable
Adjacent to the forbidden city in Beijing is Zhongnanhai (中南海), the inviolable and inaccessible center of Chinese political and economic power. It is the place where plans and courses of economic, social, and political development are conceived and approved. If the source of economic policies is unquestioned, there is less certainty regarding the interpretation of their economic effects; an ...
Doing Business in China: The Case of Brembo
My travels to China date back to 1994. I began to go there for Brembo at the end of 2000 in order to establish the first minority equity joint venture, in Nanjing. This was NYABS (Nanjing Yuejin Automotive Braking System), a company for the production of braking systems for commercial vehicles. Brembo’s strategy was already oriented towards expanding its production in the main global automotive ...
Multicultural Leadership as a Lever for Success
The Chinese companies that invest in Italy are increasingly numerous and diversified by sector. In the last decade of pre-Covid globalization they have more than doubled, reaching 722 companies with 42,600 employees and 24.5 billion euros in overall turnover. The greatest boom was recorded from 2012 to 2018 and is explained in part by “China’s Go Global Policy,” with which China intends to push ...
Internet Meets the Great Wall
One of the most illuminating studies in regard to the ideology and narrative of internet is the book by Evgenij Morozov entitled The Net Delusion: The Dark Side of Internet Freedom, published in 2011. Among the central themes of the study is the recognition of the argument claiming that internet has facilitated processes of democratization in authoritarian contexts.[1] One of the most emblematic ...
The Myth of Guanxi: What We Really Know
Doing business in China is difficult, but there seems to be an essential element: guanxi. Guanxi means particularly precious relationships with the principal decision-makers and gatekeepers. A guanxi offers preferential treatment in bureaucratic decisions and gives access to greater business opportunities. It allows for accessing resources on little liberalized markets, such as capital and land in ...
Risks and Opportunities for Italian Businesses
In 2022, the global economy had to face considerable uncertainties, principally linked to the increase of inflation, the lack of energy, and the interruption of supply chains. Despite the difficult historical and global situation, economic and trade cooperation between the European Union and China and between Italy and China seems to maintain prospects for long-term growth. The actors involved are ...