Abstract
Doing business in and with China has become much easier than it was decades ago. But doing business does not guarantee that everyone will make money. China has embarked an unprecedented economic growth since its economic reforms (1978) three decades ago, rising to become the world's second largest economy today and will become largest by 2020. A new path under the 12th Five-Year plan (2011-2015) towards sustainable and balanced development, alongside a focus on boosting domestic consumption is opening new opportunities in china for continued industrial innovation and business expansion. China still holds a number of challenging areas for foreign investors. Beside the cultural and language challenge, business men might be faced foreign exchange restrictions, anti-trust laws, intellectual property rights and diversified people in all over china. China is also facing raw material shortages, lack of infrastructure, corruption in many sectors, growing income inequality, environment pollution and maintain stability in the society. Despite the challenges, many factors contribute to a positive business environment in China. Many gaps that exist in China provide opportunities for businesses to fill these gaps. In order to overcome many challenges, there are different forms of business might be opened by foreign investors in China like equity joint ventures, cooperative joint venture, wholly foreign owned enterprises, joint stock companies, foreign enterprises, branches of foreign enterprises and so on.
Highlights
Organization especially banks are constantly under intense competition due to globalization and innovation and tremendous market pressures [1]
Banking sector in Bangladesh is caught in trapped by high interest rate, excess of liquidity and reduction of growth of credit to private sector, intermediating lower investment, coupled with poor risk management, fraudulence, driven by captured governance and lax oversight resulting in lower profitability to the shareholders
The result shown that effective implementation of knowledge management application provides interrelated and multifaceted benefits such as knowledge activities performance, process performance, employee performance, market performance, and organizational performance that converted to organizational performance by affecting each other directly and indirectly in banks
Summary
Organization especially banks are constantly under intense competition due to globalization and innovation and tremendous market pressures [1]. Asset quality in the state-owned commercial banks (SCBs) deteriorated in 2014 due to political unrest, poor lending decisions and change in loan classification standards (WB, 2014). Cader et al mentioned that successful identification of trends requires continuous implementation of market research as well as investment in research and development – for this will nurture the generation of a sustained stream of competitive and innovative products and services that in turn foster growth and profit [2]. Doi:10.4172/2167-0234.1000181 current macro-environment, it is imperative that banks be able to transform research-generated data into information which can be turned into knowledge. This knowledge can enable decision makers to engage in appropriate action. Tacit and implicit knowledge are not mutually exclusive efforts to bring them out in an organization that will require the allocation of resources and can produce unexpected outcomes [19]
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