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The China Business Conundrum - by Ken Wilcox (Hardcover)

The China Business Conundrum - by  Ken Wilcox (Hardcover) - 1 of 1
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About this item

Highlights

  • Revealing account of the struggles and surprises when forming a financial joint venture with China The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years "on the ground" trying to establish a joint venture between SVB and the Chinese government to fund local innovation design--and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model.
  • About the Author: A 30-year veteran of Silicon Valley Bank (SVB), KENNETH WILCOX was the bank's CEO from 2001 to 2011 and Vice Chairman of SVB's joint venture in Shanghai (SSVB) until 2019.
  • 384 Pages
  • Business + Money Management, Economics

Description



About the Book



"The torturous process of establishing the joint venture bank is just the starting point for The China Business Conundrum; in addition to telling the story of a bank, the book describes the ethics and practices widely adopted by Chinese businesses today, along with the role played by the CCP. The West's challenge is its unwillingness to accept that China does not operate as we do, nor does it want to. Wilcox describes how he learned these harsh realities and shares strategies for responding to them."--



Book Synopsis



Revealing account of the struggles and surprises when forming a financial joint venture with China

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years "on the ground" trying to establish a joint venture between SVB and the Chinese government to fund local innovation design--and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers.

Describing a China he found fascinating and maddeningly complex, this book explores topics including:

  • Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design
  • Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations
  • Wilcox's own honest missteps and the painfully learned lessons that came afterwards

Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for all Western bankers, C-suite executives, consultants, and entrepreneurs seeking to do business within China.



From the Back Cover



Praise for THE CHINA BUSINESS CONUNDRUM

"I couldn't put down this engrossing tale of Chinese government partners manipulating and milking SVB to create local competitors. While most victims of this all-too-common swindle quietly slink away, Ken Wilcox has the humility and moxie to go public with this cautionary tale."
--JAMES McGREGOR, author of One Billion Customers

"This account of establishing a bank for start-ups in China simply gallops along with twists and turns and surprises. It's a salutary tale of how Western assumptions, hopes, and expectations prime companies for failure in the Chinese context. I'm giving copies to all my CEOs, past and present."
--FELDA HARDYMON, MBA Class of 1975 Professor of Management Practice at Harvard Business School, emeritus; Partner emeritus, Bessemer Venture Partners

"The inside story of how Silicon Valley Bank stumbled in China."
-- DAVID BARBOZA, co-founder of The Wire: China, former two-time Pulitzer Prize winning New York Times columnist

"Ken Wilcox is uniquely qualified to offer insights on doing business in China. In particular, his admonitions about the Chinese Communist Party and its ability to control everything it touches are chilling. As the author of The China Business Conundrum, Ken will bring you to understand that you are most at risk when you come to believe that you have a full grasp of your situation. In all probability, You are not even close! Read it once and then read it again!"
-- ALEX W. "PETE" HART, former CEO of Mastercard International and financial services industry veteran, former Chairman of the Board, Silicon Valley Bancshares

"While working in China, banking executive Ken Wilcox kept his eyes open and became deeply skeptical about the CCP's willingness to actually collaborate with foreign businesses. The China Business Conundrum is a much-needed antidote to Party bromides about 'win-win' scenarios."
-- ORVILLE SCHELL, Vice President, Asia Society & Arthur Ross Director, Center on U.S.-China Relations



About the Author



A 30-year veteran of Silicon Valley Bank (SVB), KENNETH WILCOX was the bank's CEO from 2001 to 2011 and Vice Chairman of SVB's joint venture in Shanghai (SSVB) until 2019. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco.

Dimensions (Overall): 9.25 Inches (H) x 6.37 Inches (W) x 1.29 Inches (D)
Weight: 1.33 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 384
Genre: Business + Money Management
Sub-Genre: Economics
Publisher: Wiley
Theme: General
Format: Hardcover
Author: Ken Wilcox
Language: English
Street Date: November 13, 2024
TCIN: 92797254
UPC: 9781394294169
Item Number (DPCI): 247-42-3069
Origin: Made in the USA or Imported
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Shipping details

Estimated ship dimensions: 1.29 inches length x 6.37 inches width x 9.25 inches height
Estimated ship weight: 1.33 pounds
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