http://www.smartmoneydaily.com/business/succeed-by-embracing-reality.aspx An Offbeat Look at what Makes the World Go Round Wed, 28 Jul 2010 02:18:36 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.smartmoneydaily.com/business/succeed-by-embracing-reality.aspx/comment-page-1#comment-1899 » Carnival of Personal Finance #2 Sat, 29 Aug 2009 16:15:18 +0000 http://www.smdwebhosting.net/business/succeed-by-embracing-reality.aspx#comment-1899 [...] has a great story about two MacDonald’s restaurants in South Africa in his post titled “Succeed By Embracing Reality.” It’s an interesting tale of “thinking outside the box” and it’s [...] [...] has a great story about two MacDonald’s restaurants in South Africa in his post titled “Succeed By Embracing Reality.” It’s an interesting tale of “thinking outside the box” and it’s [...]

]]> http://www.smartmoneydaily.com/business/succeed-by-embracing-reality.aspx/comment-page-1#comment-3 Shake Sat, 09 Jun 2007 19:14:03 +0000 http://www.smdwebhosting.net/business/succeed-by-embracing-reality.aspx#comment-3 Partnerships and joint ventures are excellent ideas initially. Its a good way to get into markets like China which have barriers to entry. The problem comes later on (don't know how much later) when a Chinese version of Wal-mart emerges. Actually, a friend of mine told me something similar is happening in India, where an Indian version of Wal-mart has started. I think the one thing that is forgotten in the China argument is the loyalty the Chinese have to their own country's brands and businesses. There are similar feelings of nationalism now in India as well with many Indians believing they can do everything better than anyone else in the world. Now that capital is flowing to both of these countries, it will be interesting to see what transpires. Partnerships and joint ventures are excellent ideas initially. Its a good way to get into markets like China which have barriers to entry. The problem comes later on (don’t know how much later) when a Chinese version of Wal-mart emerges. Actually, a friend of mine told me something similar is happening in India, where an Indian version of Wal-mart has started. I think the one thing that is forgotten in the China argument is the loyalty the Chinese have to their own country’s brands and businesses. There are similar feelings of nationalism now in India as well with many Indians believing they can do everything better than anyone else in the world. Now that capital is flowing to both of these countries, it will be interesting to see what transpires.

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