...Examine the effects of globalisation on China The process of globalisation in China has been a rapid one. China’s exponential growth since the fall of Mao has lead to increased international influence – with China now operating on an international scale. Economically globalisation began in 1978 following Deng Xiaoping’s Open Door policy. This opened up China to foreign investment and the international markets. This lead to an influx of transnational corporations, which was advantageous to Chinese companies who benefitted from technology transfer. However, the TNC’s moved to China for its cheap labour and manufacture, which presented an ethical dilemma for China. Leaders had to decide whether to compromise on a lack of investment and poor working conditions. But Deng’s policy of “economic growth at all costs” meant that this was ignored – which has lead to consequences on the Chinese population with working conditions poor and wages low. The Special Economic Zones introduced in 1980 allow foreign investment to occur without authorization of the strict Chinese government. These areas have benefitted areas such as Xiamen SEZ greatly. Since becoming an SEZ the financial and industrial sectors have grown rapidly; its GDP of $23 billion in 2009 grew 39% in one year to $32 billion. More than 1000 foreign enterprises have invested in Xiamen, and there are now 67 universities enrolling 410,000 students a year. This has benefitted Xiamen greatly; by providing more jobs (thus reducing...
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...analyze the influence of globalisation on that economic development and standard of living. This document is about how china has been transformed by globalization. The impact of globalization as well. Globalisation is breakdown of manmade and natural barriers. It encourages integration and interdependence through the movement of labour, investment, finance, transnational corporation and trade. The emergence of countries is leading to global market place or single world market. Globalisation is ongoing since 1980s.This is resulting in one global market. Globalisation helps firms grow as investments are quickly managed. This is due to improvement in telecommunication between nations. This has allowed investors to invest overseas. It also caused an increase in international investment, which helped spread new ideas. Financial flow is a flow of money around the world it is increasing rapidly because of financial deregulation. Finance and technology move freely between nations while free movement of labour is stretched way off. The last few decades have been centred on removal of all trade barriers. The goal is not free trade but it is freer trade. Through the reduction in barriers it is improved in transportation system. The integration between nations has caused to problems such the GFC, Asian crisis and Euro crisis. Over the past labour markets have been increasingly integrated. The free movement of labour is important part of globalisation, as it to build the interest...
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...ON CHINA MARKET FOR TOYS: We, all know that Chinese market is very huge and complex. when it comes to toys market, the world renowned toy makers like Mattel and Hasbro have started their market share in china. Europeans and North Americans have a keen interest to enter into china market but in between they have to face some barriers. REASONS TO ENTER INTO CHINA MARKET: Good skilled labour. Low labour cost. High population. Less barriers to enter into market. BARRIERS FOR ENTERING INTO CHINA: Government policy: china has one of the largest and advanced economic policies. investors found that China had attain a level of sincerity so as to unparalleled in the middle of huge and packed out nations", with antagonism from foreign goods in more or less every subdivision of the financial system. overseas investment help to very much boost in quality, information and principles, especially industries. China's skill wires the declaration that globalisation greatly increase capital to countries. Main category of policies: Allowed limited banned Opportunities: Huge population. good economy growth stable investments. skilled labour. china has a good global market for further growth of company When About to choose a entry :Before entering into the market company should know the market scope,economy,further prospects. And the investments. By knowing this company will have a scope for further development. Mattel entry type in china: Mattel...
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...BUS383 Managing Global Business Essay 1 Executive Summary: Using Lenovo as an international business, discuss the impact & role of culture in its business activities in different economies such as the United States & China in terms of political, economic, social & ethical factors. 2 Table of Contents Executive Summary:..............................................................................................................................2 Introduction...........................................................................................................................................4 Conducting Business Internationally..................................................................................................5 Impact & Role of Culture...................................................................................................................7 Difference between Western & Eastern cultures...............................................................................8 Lenovo in China / Eastern Culture....................................................................................................10 Lenovo in USA / Western Culture....................................................................................................12 Current Affairs.................................................................................................................................13 Conclusion:............................................
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...college graduate would have had a difficult time finding a job that pays as well as a typical BPO firm. (Kuruvilla & Ranganathan, 2007) Another example of globalization I would like to highlight is the growth of the western fast food business/restaurants into China. Before the event (growth of fast-food business/restaurants) the Chinese population was healthier and had limited options for eating out which included your typical Chinese restaurant, wontons sold on the side of the street and local food merchants. After the event (growth of fast food restaurants) the Chinese society/culture has had many changes, including obesity, change in types of food choices which in turn affected the Chinese overall health and economy (Cheng, T, 2003) Part B The growth of the fast food business/restaurants into China is a great example of globalization on a native non-Western culture. Fast food restaurants found that global business expansion would be a way to grow business and increase profits. Fast food was only introduced into China in 1987, with opening of the first KFC. They become successful overseas by adapting to the local culture. McDonald’s opened their first franchise in 1990; there are now over 800 McDonalds in China and an additional two hundred in Hong Kong....
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...The purpose of this paper is to provide a comprehensive analysis on a case study related to a Swedish-based company’s Human Resource Manager, entrusted to craft up strategies to minimize failure rate of expatriation. This case study is specific towards the company’s direction to expand to China by setting up operations in the country. This analysis outlines challenges and strategies in the human resource management, focusing on expatriate management cycle, process of candidates’ recruitment, training and learning development, managing expatriates family in the host country and acclimatising in the host country’s culture. This analysis is critical as it affects the company’s nature of business, its revenue and profits, and its business models...
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...in consumer behaviour and brand personality have gained increased global attention, particularly in cosmetic products. This report will critically analyse the rapidly growing beauty and cosmetics market in China through the consumer behaviour concepts of consumer materialism and brand personality. Both of these aspects will be examined in relation to the similarities and differences present within the Australian and Chinese context. By exploring these two essential concepts of consumer behaviour, the report will highlight China’s growing interests and demands for imported skincare and beauty products, as well as a potential marketing opportunity for Australian cosmetic companies such as Aēsop. Background With an estimated worth of $19.49 billion, the cosmetic market is one of the largest industries stimulating the Chinese economy today (Datamonitor, 2013). A substantial growth of 18.7% in 2012 and a forecasted growth of 48.7% by 2017 (Euromonitor, 2013), has enabled the nation to become Australia’s largest trading partner including other Australian exports. Due to its dominant presence in the world economy, the general level of per capita income has increased progressively with minor improvements in chronic income inequalities between rural and urban populations in China. With higher disposable incomes and the endless choices in distinct cosmetics, many individuals are now seeking high-value skin regimes and specialty products. This process has allowed for the latest trends...
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...Cross-Cultural Management: Reflection Part. 1 of 2: Traditional Aboriginal Culture and Traditional Chinese Culture This reflective report will attempt to compare and contrast between Traditional Australian Aboriginal Culture and Traditional Chinese Culture. Ferraro & Briody (2013) defines culture as the shared perceptions among group of two or more people, their beliefs, values and behavioural patterns, which ultimately shape their way of life. I will analyse the two cultures around Hodstede’s cultural dimensions, Collectivism. Collectivism determines the degree of close-knit characteristic of the group (Hofstede n.d.). The insight this framework provides could be use as a guide in managing organisations’ and nationals’ cultural difference. The traditional Chinese live off small area of land, mainly used for cultivation of rice. In order to maximise yield, seeding and harvesting period are heavily depends on friends and relatives to help get the job done (Gladwell 2008). This interdependent behaviour is found not only at the family level but also at community level. Chinese society follows the teaching of Confucius, which promotes interdependence and social harmony (Chuang & Su 2009). To avoid potential social conflicts and encourages cohesiveness, Chinese are more likely to compromise their own needs and coordinate their behaviour with the situation (Nisbatt & Masuda 2003). It is common for Chinese to live with their married son. Family structure becomes more...
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...acquired a high quality, upmarket image, and the company has continued to emphasise traditional values, traditional products, and traditional ingredients. From 2004 to 2006, the company’s sales stood at around 1.5 m GBP, trading profit reached 1.1 m GBP. The company’s profile looks OK, but there is no doubt that times are getting harder. The UK ice cream market previously is dominated by three large players – Walls, Lyons, and Cadbury – Schweppes. The competition has been highly stiffer all the time, and things are becoming even worse with more and more global varieties of ice cream find their way to the UK. Chinese market for ice cream Just about a decade ago, ice cream, especially high-end ones, is regarded as luxurious snack in China. Now, with dynamic economic growth, and disposable incomes growth for...
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...bronze and the vase was covered with dragons and toads. A long medal pendulum hung inside the vase. On the outside it had eight dragon heads; each was mounted onto its sides. Each dragon had a ball in its mouth and the dragon’s head was mounted onto its side as well. The pendulum swung in the direction in which the earthquake occurred. The pendulum would strike a rod inside the vase, the rod would then knock a ball out of the dragon’s mouth, and then it would drop into the toads’ mouth. The direction, in which the earthquake was going, was the direction the ball would come out in. The Chinese needed this invention because China had experienced a lot of devastating earthquakes. The Chinese provided help to the victims of the earthquake if they were able to tell the direction that they should go with the supplies. During the time period of Ancient China, there...
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...mid-twenties, Sears switched its target focus from “only the farmer” to “both the farmer and city population”. The reason is that the low-income groups desired to buy the same goods as the middle and upper class. The country was becoming one big homogeneous market. And Sears noticed the trend and was aware of the consumer shopping habits, so they made changes accordingly. This strategy made me think of Starbucks in China. The consumer of Starbucks in America is almost for everyone, but in China, the target consumer is mostly for the wealthy upper and middle class. College students won’t pay 30 yuan for a cup of coffee because they can buy 6 bottles of CocaCola instead. Starbucks was really smart when they decided their target consumer in China. Since coffee is still not a common drink for Chinese, carrying a cup of expensive Starbucks is seen as a symbol of success or some little personal luxury for the middle class. Starbucks premium pricing strategy fits the market demand very well because the middle class and affluent consumers are growing, which means the market of Starbucks in China will be huge in...
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...CIS610-Foundations of Management Information Systems Case: Netflix Leading with Data: The Emergence of Data-Driven Video Question: What advice would you give to the CEO of Netflix? Ruohua Cui, Yang Cheng, Tien-Ni Kuo, Yitian Ren Digital distribution market is undoubtedly the future of the video rental industry. Netflix has already taken a good lead in it but must have fresh ideas to keep its advantage in the industry. Beating its competitors in the domestic market is important, however, Netflix should jump out of its own circle into a new market to gain the first mover advantage. Looking at the global market, China is a good choice for Netflix’s next station. Using the Porter’s Five Forces model, Netflix can examine its advantages and disadvantages see whether entering China is good choice: * Bargaining power of customers China has a growing economy with a large group of new middle-class, who are able and willing to consume on entertainment. Nowadays, Chinese usually watch films on free websites with a low picture quality and slow Internet speed. While the number of people watching films are increasing, the picture quality is becoming more important for the viewing experience. Providing a fast, flexible and high-quality service, Netflix can persuade many customers into its subscription model. * Bargaining power of suppliers: China’s film and TV show makers have been facing a major problem: plagiarizing (including unpaid online watching), which substantially...
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...Sabrin Zawahrah Professor Hamai English 101 1 July 2013 Fight Back Tradition, culture, respect and honor are the ideals that shape the Chinese civilization. Coming from a Chinese immigrant family whilst living an Americanized life, Kingston reveals the idea of gender being an important role in both cultures. In her story "No Name Woman" the author describes some of the gender roles and expectations both woman and men had to abide. Kingston uses a unique story told by her mother as an example. As she begins her article the author dives right into the story. Kingston retells only the information she is passed down secretly by her mother. Although the author is a Chinese-American she does not know the culture or what comes with it. To learn about the woman her aunt was, Kingston had to make due with her mother's words. The author begins to pick apart the story to find out just who her aunt was and what drove her to her demise. Because Kingston cannot ask about her unnamed aunt, she invents her own fantasies about why her aunt gave in to her forbidden passions. In the passage Kingston establishes realities between being a woman, displays the oppression of the male dominance the culture embodies, and the struggles that women have to go through to fight back against subjugation in all forms. To learn who her aunt was, Kingston must first learn what was the standard held by Chinese women at the time. From the beginning of "No Name Woman" the author depicts...
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...Singapore is the district that most of its Chinese residents that use Chinese language as a second language. And there must be some differences between the two Country’s Chinese Curriculum. But after several comparisons, the author found that there is no much difference between the two Countries of its general objective of Chinese Curriculum. They not only put more attentions on the language basic skills training but also lay stress on critical thinking/moral values/Chinese quality and Chinese culture. Therefore, in this dissertation I will analyze part of the language phenomenon in the Singapore Chinese textbook and its arrangement as the starting point. And put them in comparison to find out the similarities and differences. Keywords: China；Singapore；Primary School Chinese Textbook；Comparison 引言...
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...How should you handle the introduction, greeting, and handshaking? The female boss should enter the room followed by myself. We will both be wearing neutral colored conservative dresses with flat shoes. The Chinese businessman will introduce himself whom my boss will respond to with “Hello, we are pleased to meet you” and begin to formally introduce herself as Manager Johnson and myself as Mrs. Fowler. I will not attempt to introduce myself as it would be considered rude. We will wait for him to initiate a handshake at which time my boss will first shake his hand gently and then myself. How do you exchange business cards? Following the introduction it is expected exchange of business cards. It is important to have business cards that are printed on sides; one in English, the other in Chinese. These should include: Company Name, Personal name, title, fax and email. They should be clean, neat and printed in gold lettering. The exchange will occur one at a time standing up and holding the card on the corners with both hands with the Chinese side up. You will hand your card carefully showing him respect, you will show the same respect when accepting his card. Once I receive the card I will need to study it prior putting it on the table, showing interest by reading the details; if I had collected more than one business card, I would line them up in vertically in order of seniority going down on the table (NBC Universal, Inc, 2008). The culture coach informs me that they should...
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