This week in Asia I share a nice article describing crisis communication guidelines in China. And if you have not done so yet, check out all the great new podcasts at at the FIR Website. Definitely worth a listen!
What are 4 critical crisis triggers that multinationals should know when doing business in China (and Russia)? This week on FIR I share the story of Wal-Mart’s donkey meat scandal (China) and connect it to the latest research on crisis triggers in China and Russia. Its a pretty good story, and as always FIR is a great show packed full of the latest information on communications, technology, and issues of the day.
Strategy + Business published an interesting article overnight titled 4 Crisis Triggers Multinationals Can Avoid. With a focus on Russia and China, key points include:
- Conflicts between global and local standards
- Low trust levels in certain products/services
- Corruption and regulatory uncertainty
- Unethical business practices
The author, Meng Zhao, is an Assistant Professor in Strategy at Moscow School of Management, Skolkovo. This one is certainly worth a read.
Just as China grapples with widespread fears over possible fallout from Japan’s ongoing nuclear crisis — with a rush by citizens this week to horde salt in the belief it might help stem the effects of radiation — the country is dealing with … More…