How was the China Readiness Assessment developed?
The China Readiness Assessment was developed by Technomic Asia, a market strategy and management consulting firm operating in China since 1984. Through its experience assisting over 200 companies entering China in the past 20 years.
- Executives at Technomic Asia evaluated the results from its experience of over 500 client assignments on China entry and expansion for many of the leading companies in the world.
- This experience indicated that clients who were more “ready” for entry or expansion into China achieved greater success.
- Technomic collated and organized this experience into a descriptive Readiness model with relevant dimensions and indicators which would identify a company’s relative state of Readiness.
- In-depth interviews with experienced clients and with leaders of other “successful” foreign companies in China were conducted to validate and enhance the structure and approach.