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pursue profitable opportunities in the Far East. The idea of ‘beauty’ is historically
and socially constructed, and the values are sharply different between the East
Europe and China. Moreover, as small-sized independent business, Polish sellers
have comparatively limited understanding with regard to China’s markets and
institutions.
To address these shortcomings, a group of amber sellers inWarsaw registered
their accounts onWeChat platformafter observing awealth ofChinese clients sent
pictures of ambers and sought for advice from their friends throughWeChatwhile
visiting the store. By adding WeChat friends with Chinese buyers, these Polish
amber sellers repeatedly interact with their customers, delivering ambers through
the international express transportation.Someof themevenestablished theWeChat
groupwhich allows to introducenewproducts and simultaneously receivevaluable
feedbacks from Chinese customers. Because these WeChat groups are generally
open for everyone, consumers on occasions invite their friends and relatives who
are also interested in Polish amber to the group chat. Through the use ofWeChat,
amber sellers expand the market scope by accumulating knowledge about the
potential customers, which partially overcome the liability of foreignness (Zaheer
1995). Furthermore, these Polish businessmen acquire first-handed knowledge
about their customers and competitors in China, aswell as significant information
regarding values and habits through informal interactions, which allows them to
design their productsmore popular amongChinese customers than before.
EXHIBIT 2: Internationalization at home (DTs as ‘disrupting force’)
China is one of the major exporters of world’s production. Although a growing
numberoffactories havebeenbuilt inAfrica andSouthAsiaover the courseof last
decade,manycompanieson theplanet still expect for the long-termprocurementof
a large number of commodities from China. ‘Made in China’ is perceived to be
attractive if price and quality are jointly considered. To explore reliable partners,
foreign businessmen used to come to some Chinese cities such as Yiwu3 and
Guangzhou, in order to search for necessary information about themarket and the
institution.Managers and entrepreneurs in these cities are scarcely trained to speak
foreign languages, and therefore, it spends foreign businessmen a lot of efforts to
discussandmake thedeal.Furthermore, institutional voids inmanyplacesofChina
also discourage foreign companies from collaborating with Chinese counterparts.
As a consequence, even though a wide range of valuable opportunities could be
possibly explored inChina,many foreign companies are blind to thembecause of
possessing insufficient knowledge about China.
In recent years, with the development of digitally enabled trading and payment
platforms, there is an alternative approach to do business with suppliers in China.
The exchange of commodities is realized through the cross-border e-commerce
platforms such as AliExpress (www.aliexpress.com) and DHgate (www.dhgate.
com).Thesedigital platformsconnect thousandsofChinese small businesses to the
3Yiwu, a county-level city situated in the center of Zhejiang Province of China, has beenwidely
regarded as ‘world’s largest wholesale market for daily commodities.’Thousands of village and
townshipenterprises thatmanufacturevariouskindsofdailycommodities are established inYiwu.
274 D. Song andA.Wu
Digital Entrepreneurship
Impact on Business and Society
- Titel
- Digital Entrepreneurship
- Untertitel
- Impact on Business and Society
- Autoren
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Verlag
- Springer Verlag
- Ort
- Cham
- Datum
- 2021
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Abmessungen
- 16.0 x 24.0 cm
- Seiten
- 340
- Schlagwörter
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Kategorie
- International