Useful (or not) Idiot Awards… (0)
There used to be a British radio show that called people and and tastelessly handed out the “Richard Cranium” award to folks nominated by co-workers or employees You can’t imagine how many people fell for the ruse and were thrilled to get such an honor. Well, I am going to be more transparent: I am going to get Ryan at Dao by Design to make me a snazzy award for an intermittent “Useful Idiot” award. In the interim you can visualize your own trophy.
Today’s dubious honors go to:
New Zealand’s Stuff news online. One the eve of an historic free trade agreement and a visit by NZ leader Helen Clark, with China that will abolish tariffs for NZ exporters Stuff has genius advice–archived stuff from the Cultural Revolution–for Kiwis looking to do biz in China in an article titled, Business in China Will Never be Easy:
*Choose your local partners, go-betweens, staff and translators carefully. The Chinese notion of relationship is complex. Do it well and reap the reward, get it wrong and you are almost bound to fail.
*Have plenty of cash, suppliers in China do not give credit to newcomers but expect it from you.
*Be prepared for a frustrating time with Chinese banks, they are bureaucratic and inefficient.
*Make sure contracts are clear and the English version is compatible with the Chinese.
*Get a good lawyer, there is every chance you will need one.
Early in the article they talked about economies bleeding red ink in some sad warfare metaphor just as the NZ chief spoke of a 5% increase in imports to China over the last year as NZ is now China’s 4th largest trade partner. Then there was the horrible failure of Dunkin’ Donuts in China (in 2000!!) that somehow missed that they are back and planning 100 shops in the next ten years. I have it on good authority–Marc–that DD in Shanghai is doing well. And Marc’s consumption alone could finance the operation of a small store.
The section on the recent failure of Lionsbridge Breweries (2003!) is also a wiener. The company–promise not to laugh–spent $170,000,000USD on a joint beer making venture to create more booze in a country where there is already 600+ breweries. D’oh.
These guys obviously don’t listen to the podcasts about doing business in China at CBN.
The next award goes to Anthony Marx (no relation to Groucho or Karl) the prez of Amherst College in America.
CCTV 9 (CCTV 9 is to TV stations as Macau is to Las Vegas) interviewed Tony today. If you turned down the sound and just watched Tony it looked like Bush reading Horton Hears a Hu to hearing impaired kindergarten children and if you left the sound on it just sounded like Bush.
He got trapped into being an apologist for the racial and economic disparities in American elite schools. Were it a parliamentary debate the resolution” America is racist, snobby, expensive place to get educated–especially at our school” then the government (CCTV–ironic, huh?) won the match. In a country (China) where a qualified student can attend a top ten school for $750 USD a year he spoke to how Amherst is graciously offering the same tuition rates ($45,000 with room) to International students as they do to the kids in their recovering gang members from the Bronx affirmative action program.
I woke up and caught a few sound bites I liked like that alluded to the fact that market forces will lower “elite” school tuition. He said that Harvard and Yale would likely follow his lead to stay competitive. I am guessing that Duke and MIT recruiters also stay awake nights wondering what Marx will think of next to steal the best and brightest.
And then he went on to say that some recent innovations actually allowed his admissions team to actually read more applications submitted and more of of the ones they actually did inspect. So, I will do some recon’ on the prelim screening, but in the interim be sure not to use a hotmail address as they go right in the dumper and for god’s sake use the watermarked paper!
Congrats guys!!!