Take Charge of Quality and Financial Control

Many foreign firms have been burned in China due to the lack of quality controls — especially in the manufacturing process. If your company’s profitability is dependent on a supplier in China, make sure you have a permanent company representative on the ground in China. Chapter 13 can tell you more about quality control.

Take control of the financial function as well. Be sure that a company representative based in China manages the finances. This person should act as a check on the GM’s authority. See Chapter 17 for more info on corporate governance.