Page 42 - 2018 Special Report on the State of Business in South China
P. 42
iness Objective in China IN 2017
The primary business goal for a majority of
respondents in China in 2017 was to grow
their core businesses by leveraging existing products,
services and customer segments. On the other hand,
the number of respondents choosing to reduce
operating costs and increase efficiency through staff
reduction and facility consolidation, or through the
introduction of new products, decreased over 10%
compared with last year. The business strategies
developed by most surveyed companies appear
relatively conservative.
Receptiveness of Companies’ Products
or Service in Chinese Market
For an overwhelming majority of the respondents
(92.9%), the Chinese market is receptive to their
products or services, though 7% of respondents said their
products or services were less attractive to the Chinese
market. This demonstrates that most of their product
strategies have been well developed.
42
The primary business goal for a majority of
respondents in China in 2017 was to grow
their core businesses by leveraging existing products,
services and customer segments. On the other hand,
the number of respondents choosing to reduce
operating costs and increase efficiency through staff
reduction and facility consolidation, or through the
introduction of new products, decreased over 10%
compared with last year. The business strategies
developed by most surveyed companies appear
relatively conservative.
Receptiveness of Companies’ Products
or Service in Chinese Market
For an overwhelming majority of the respondents
(92.9%), the Chinese market is receptive to their
products or services, though 7% of respondents said their
products or services were less attractive to the Chinese
market. This demonstrates that most of their product
strategies have been well developed.
42
