5/15: BP, DiDi, and McDonald’s

Chinese culture optimizes for long term gain of the group. BP often cannot pursue ventures without partnering with a State Owned Enterprise (controlled by the Govt) and DiDi speakers attested that long term goals were more important than short term. The culture is competitive, bureaucratic and follows unspoken rules of social etiquette. Despite these differences … Continue reading 5/15: BP, DiDi, and McDonald’s

Day 2 (5/15)

I thought the two company visits today (BP and DiDi) were very interesting to compare to each other with respect to how their business rely on/interact with the government. As a foreign company BP seems to rely heavily on partnerships with SOEs to get most of their work done. On the other hand DiDi, a … Continue reading Day 2 (5/15)