BCG - The Boston Consulting Group

In order to change growth mechanism, Chinese manufacturers reshape their cultural beliefs.

Chinese banks will face difficulties in conducting overseas M&A including high cost, lack of clear strategy and unable to make profits.

Companies should take opportunity of digit marketing including online advertisement, msg marketing and etc.

To win in China market, MNCs should achieve certain scale of business given lower pricing power, higher expense on media, increasing labor cost and dispersed distribution channel status.

Companies tending to separate talent and strategy when they make decisions is the root cause of business failure.

Advices for global automotive producers to maintain high growth rate in Chinese market：fully leveraging R&D and souring advantages and breaking through the bottleneck of sales.

Growth of China provides optimism and downturn for global economy environment.

Chinese citizens use high technology products more frequently and complicatedly than US citizens.

China has developed its unique advantage with cheap labor cost in manufacturing and global economy.

Chinese consumers tend to prefer local brands over foreign brands.

Many companies from developing countries are beating the traditional winners by leveraging lower cost, global M&A and risk management.

There are six success factors for local companies to overtake MNCs: understanding local needs, designing creative business model, applying technology, taking advantage of cheap labor, expanding business scope, and keeping long-term growth.

Automotive MNCs are paying a high price for achieving localization in China and India due to lack of scale, over-design of car model and extra expense of quality control.

Local companies from emerging markets are killers for MNCs because they understand complicated local market situation better.

Key to increase sales force effectiveness is analyzing situation, making corresponding strategy, and developing proper training and good implementation.

A company's survival depends on its ability to integrate business strategy with marketing and to measure the returns on investment.

By redefining the rules of competition in local markets, companies from China and other emerging markets are putting the expansion plans of many global industry leaders at risk.

Among the "Top 50 companies in emerging markets", 15 Chinese companies represent strong growth power for local Chinese companies.

Local companies can defeat MNCs by developing more flexible strategies in local markets.

Companies from developing countries, including China, reset the competition rules by leveraging lower cost.