In this business tv show, emerging market specialists Stephen Philips, Chief Executive, chin...
In this business tv show, emerging market specialists Stephen Philips, Chief Executive, china-britain Business Council, Ian Coleman, Partner, Head of emerging markets, PricewaterhouseCoopers UK, Frederique Schillern, COO Asia Pacific, Equity Trust, and Chris Runckel, President, Runckel and Associates, discuss the IP challenges that every company must consider before doing business in an emerging economy.
Frederique Schillern: You could say that intellectual property in China is a big concern; it should be for anybody who is really transferring intellectual property in China.
Chris Runckel: China in all honesty is a disaster in respect of protection of intellectual property. Even today intellectual property is not being protected in a worldwide sense. You know other places have their problems as well; India has their problem with intellectual property as well but of all the countries in Asia, China is the worst.
Ian Coleman: What we are increasingly seeing people do is look to work through licensing arrangements that are more collaborative where there is an attempt to actually almost bring the enemy into the camp if that’s a analogy that one may use. I’m not sure that it’s a great analogy actually but none the less that concept of actually getting into a circumstance where there is a mutual understanding of the profit motive and working that through.
Chris Runckel: There are ways in which you can design your manufacturing to limit your exposure of that intellectual property and many companies have done a very good job of that. What they will do is they will manufacture certain components in China to lower cost and actually put together sub assemblies in China but they do the final manufacturing or final putting everything together in another location. Other time there are ways in which you can actually basically protect your intellectual property by only releasing certain portions of it to exposure in China and this is how may major corporations are actually doing their manufacturing so that ...
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Added: 971 days ago
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China and India are two of the largest and fastest growing economies in the world, but what are the ...
China and India are two of the largest and fastest growing economies in the world, but what are the differences and how would you choose which is right for you? We talked with emerging markets specialists Stephen Philips, Chief Executive of the china-britain Business Council, Ian Coleman, Partner and Head of Emerging Markets at PricewaterhouseCoopers UK, and Chris Runckel President of Runckel and Associates.
Chris Runckel: There really is no one China, you have china thats along the Eastern sea board which now is a very, actually a more a more advanced developing area for doing business. It has very good infrastructure, road systems, very good communications system in the major cities. You have modern buildings, a lot of the accoutrements that any business would be looking for.
Then you have the western area of the country which tends to be much poorer, much less developed, infrastructure is starting to go in there. The government is making a push to install infrastructure through the western region and its coming up but really the cost of internal shipping inside China and some of the other costs that are added in a project still makes western China not as attractive are as it might be.
Stephen Philips: For most businesses theyre going to be focussing on the more urban areas, but those urban areas arent just Beijing, Shanghai and Guangzhou, there are many cities across China that have more than a million people which is unlike the UK clearly. CBBC itself has got offices in 11 cities across China, most of those cities most British people will not even have heard of. Chongqing in the west of China for instance, its an urban area, has got 30 million people, half the size of the UK and yes its probably somewhere that the vast majority of people have never heard of.
Chris Runckel: For the west you have India which is a very, very good location for lower cost projects which have more labour content in them. Fairly good protection of intellectual property, some significant ...
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Added: 971 days ago
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In this business tv show, join international business experts Ian Coleman, Partner, Head of emerging...
In this business tv show, join international business experts Ian Coleman, Partner, Head of emerging markets, PricewaterhouseCoopers UK, Tony Dickel, CEO, MRI China, and Chris Runckel, President, Runckel and Associates, as they talk about upcoming issues they see for businesses operating in emerging economies.
Ian Coleman: I think that what we have seen is a growing change to one of acceptance that it isn’t novel, its business as usual. A growing change towards the integration of emerging market managers into the managerial structures of multi international companies because the importance of doing business in those countries.
Tony Dickel: You’ve got the 1billion US dollars a week of foreign investment, you’ve got the 3000 companies a month, you’ve got the 10% economic growth, all an environment of an emerging population of only children, there isn’t a hope in hell that demographically China can create enough middle management and senior management over the next 20 years and so to support what’s going to be going on in China in the context of economic and corporate growth and the need for mid-senior level talent, not a chance, especially as many of the better Chinese people are also being exported overseas. So apart from that everything’s great. It’s going to be easy.
Chris Runckel: One of the things we feel very passionate about really is the problem that we see in all of these developing countries with the failure to invest into the education system. All of these countries what you see is that investment in education is insufficient for the requirements that are being set by the growing economy and so you start developing problems where you cant get the quality of engineers, of accountants and of a wide range of people that you require for these new type of economies..
Ian Coleman: When we think of joint venturing and so on it’s often in the context of a developed market company joint venturing to enter an emerging market to serve them and provide goods and services there but ...
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Added: 972 days ago
Views: 237
In this business tv show, international business experts Stephen Philips, Chief Executive, c...
In this business tv show, international business experts Stephen Philips, Chief Executive, china-britain Business Council, Ian Coleman, Partner, Head of emerging markets, PricewaterhouseCoopers UK, and Chris Runckel, President, Runckel and Associates, talk about looking beyond the balance between risk and reward, because there's a great deal more to choosing the best destination.
Ian Coleman: People often ask me what is the next hot destination and the next hot emerging market and I don’t think there’s a simple answer to that. Why? Largely because of something I said earlier about the need to balance risk and reward. It’s relatively easy to look at that on one dimension and say which of those high risk countries, where’s the highest physical risk, a lot of people look at that. It’s equally as easy to look at population demographics, look at expected inflation rates, to look at the economic growth potential of different companies but its bringing those two things together that I think is very important.
Stephen Phillips: Clearly a lot of early international investment in China went to the eastern coastal board with the ever keen eye on cost production. Some of that is moving to countries like Vietnam and other countries in Asia but some of that is also migrating in china to the Hinterland to the west of China or to the North east of China so it’s a much more complicated dynamic than just investments having gone into China and then moving into further countries and there continues to be a great deal of new investment going into China as well but many businesses obviously have to look at the bottom line and they will go to places, a) where they can get the lowest cost production and b) where they can find the right skills.
Chris Runckel: Right now Vietnam is one of the lowest cost areas out there but that cost will erode over time and then I see India probably even in the future Bangladesh coming up for locations for low cost factories and Vietnam just like china will have to start making ...
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Added: 972 days ago
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Stephen Carter, Minister for Communications, Technology and Broadcasting provides Andrew Chitty, MD ...
Stephen Carter, Minister for Communications, Technology and Broadcasting provides Andrew Chitty, MD of Illumina Digital with an introduction to how the Digital Britain report will help people get online.
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Added: 642 days ago
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Stephen Carter, Minister for Communications, Technology and Broadcasting gives Andrew Chitty, MD of ...
Stephen Carter, Minister for Communications, Technology and Broadcasting gives Andrew Chitty, MD of Illumina Digital an overview of the Digital Britain report.
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Added: 642 days ago
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Stephen Carter, Minister for Communications, Technology and Broadcasting tells Andrew Chitty, MD of ...
Stephen Carter, Minister for Communications, Technology and Broadcasting tells Andrew Chitty, MD of Illumina Digital how the Digital Britain report affects those in the UK creative industries.
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Added: 642 days ago
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Visiting the BRIT school in Croydon Lord Mandelson, Ben Bradshaw and Leona Lewis engaged with studen...
Visiting the BRIT school in Croydon Lord Mandelson, Ben Bradshaw and Leona Lewis engaged with students to ask their opinion on online music sharing.
Read more about the visit on the Department for Business, Innovation and Skills website http://bit.ly/4rrPBr
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Added: 642 days ago
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