...PESTEL -Political Recently China has made extraordinary efforts in modernizing legal and economical system aimed to stabilize the growth of the country; however China remains a strictly controlled country, where civil liberties, such as freedom of communication, religion practice and demonstration are severely limited. Major internal problems in China include growing corruption, increasing rural poverty and environmental degradation. China enjoys a strong relationship with the US and other western countries and is likely to increase its influence in the region due to its expanding economy. China has difficult relations with a number of neighbouring countries, such as Japan, Vietnam, North Korea and Tibet; in particular the strained relationship with Taiwan could ultimately result is a war if the Taiwanese government formally declares independence. -Economical China economy is characterized by its extraordinary size and growth. The GDP has grown steadily since 2003 peaking at 11% year-on-year growth in 2007 (China Business Forecast Report 2008, [1]) and inducing concerns about the country over-capacity in the long term. The US government is trying to exercise its influence to accelerate the appreciation of the Yuan, in an effort to limit or at least control its export deficit. Although the People’s Bank of China has raised the interest rates for five consecutive times in 2007, inflation is still very high with peaks of 6.2% in 2007. Economic growth is...
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...Understanding China’s Political System The Chinese Communist Party (CCP or Party) has been in power in China for more than six decades, a record of longevity that rivals and could one day surpass that of the Communist Party of the Soviet Union.2 The CCP assumed power in 1949 by means of a civil war victory over the forces of Chiang Kai-shek’s Nationalists, who moved the seat of their Republic of China government to the island of Taiwan. The Communists named their new regime the People’s Republic of China (PRC). Although the CCP has been continually in power since, China’s political institutions and political culture have evolved significantly over those decades, with the CCP’s willingness to adapt helping to explain why it has, so far at least, avoided the fate of its sister parties in the Soviet Union and Eastern Europe. Today, although the Party is committed to maintaining a permanent monopoly on power and is intolerant of those who question its right to rule, analysts consider the political system to be neither monolithic nor rigidly hierarchical. Jockeying among leaders and institutions representing different sets of interests is common at every level of the system. Sometimes fierce competition exists among the members of the Communist Party’s nine-man Politburo Standing Committee and 25-member Politburo, China’s highest decision-making bodies. It also exists among ministries; between ministries and provincial governments, which are equals in bureaucratic...
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...Political factor: If Nike wants to open international market such as China, the company would get disadvantages because every country will protect and priority for its domestic products. So, the company must find out exactly these requirements that the country require in Nike to overcome these barriers. International trade regulations The trade regulations in China are formulated in accordance with the "Foreign Trade Law of the People's Republic of China" in order to maintain foreign trade order and fair competition and to protect domestic industry. In 2011, Nike has difficulties to highlight the deep problems businesses face in manufacturing in China, particularly at a time of sharply rising costs and a stiffening legal environment. In its first country-specific supply chain report, which it said focused on China because of the forthcoming Beijing Olympics, Nike detailed the efforts it has been making to get suppliers to comply with its code of conduct and with Chinese law, including a program to monitor Olympics-related suppliers this year. Government attitude The Chinese government may have a love-hate relationship with the West — eager for Western technology yet threatened by democracy. Therefore, it is an disadvantage for Nike when expanding its business in China. But for Chinese consumers, Western goods mean one thing: status. China's biggest seller of athletic shoes, Li Ning, recently surrendered its top position to Nike, even though Nike's shoes — upwards of $100...
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...PESTEL FRAME WORK For INDIA: Political Factors:Taxation Policies - India has a well developed structure with three tier federal structures.Deregulation – They enable ACTs to freely do business in India.International trade regulations – Flexible for foreign Trade.International stability – No wars taken place their fore it is very strong as well as the country stability. | Economical:Higher interest rateA strong currency which may raise the price in terms of foreign currency.Inflation provokes higher wage demand from employees.India’s Per capita income Rs.33282 / GDP 6.5Strong Economy | Social:India is a country of unity in diversity .India is socially rich but the capital market is not very attached with the social factors | Technological:The technological factors have not that much effect on the capital market. India is technological backward country. Same as social factors, technological factor can have an effect on an individual form but it cannot have a big impact on a whole of the market. | Environmental:Initially The environmental factors don’t play a vital role in the market. But the time has changed and people are more eco-friendly. This is really bothering them that if any firm or industry is environment friendly or not. but the markets still see the environment as a liability | Legal:Legal factors play an important role in the development and sustain the market. Legal issues relating to any industry or firm decides the fate of the market | For SINGAPORE: ...
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...PESTEL analysis for China Outlined below is the PESTEL analysis for China as a whole. 1) Political Factors i. Constitutional System China or People’s Republic of China adopts socialist system or communism in their political system in their decision-making processes in governing the country. The country’s sole political party in power is known as the Communist Party of China. The government have the sole power to control all activities done by their citizen as what have been describe in how communism system worked in governing a country. In other words, the purposes of working in China are to contribute to the nation and also to the government as the government control on all activities in the country. ii. Stability of Government The stability of the China government is quite moderate and stable because the administration of the government are not publicize to the public either through the press or on the internet. So, the degree of the citizen involvement in the politics is low because of the heavy restrictions impose by the government. However, the policies impose and the law regulations are quite effective in terms of economy where China is one of the leading countries in the world. In the recent years (2001), China has joined the World Trade Organization and results rapid growth in industrial and manufacturing sectors because of the cheap labor in China. But still problems such as managing environmental degradation, demographic pressure and the extreme immigration...
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...business they want their share of its profitability (“Privatization with Chinese characteristics; Government and business in China,” 2011) (Yang, 2012) * More of an authoritarian Government – nationwide law making * Implementation by local areas * (Lo & Tian, 2004) * Political control by a relatively small group * Control on wage rates, money supply and inflation * Control of key sectors of the economy * (Cheng, 2014) * Direct Political interaction with business * Policies to encourage local private companies * Companies owned by the government: hotels and trading corporations * Effectively local politicians become “partners” * (Yang, 2012) Economic: * low labor costs * relatively equitable distribution of income among the population * a long term goal of economic development * (Cheng, 2014) * Centrally planned to a market based economy * Increasing economic and social growth * Second largest economy – 1.3 billion people * GDP growth on average 10% * Goal in 5 year plan is 7% * Still considered a Developing country with 98.99 million still under the national poverty line (“China Overview,” 2015) Social: * Confucian Ethics (a basis to start) * The Basis it what sets apart china and other developing countries and the expansions that they have seen * Creates dedicated,...
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...issues addressed, methods and a design of collecting information, how data collection has been managed and implemented, analyzed and lastly communicates the results and findings and their implications with Literature and evidence. | Table of Contents Background 2 Literature Review 2 Overview of the Marketing Research Procedure 2 Stages of Marketing Research Procedure 2 Stage 1: Purpose of Market Research 2 Stage 2: Research Objective 3 Stage 3: Estimation of value of research 4 Stage 4: Research Design 4 Exploratory research 4 Data Analysis 4 Questionnaire, Sampling and Sampling size designing 4 Stage 5: Data Collection 6 Stage 6: Data Analysis 6 Stage 7: Result and Presentation 7 Marketing Research Process of Tesco goes to China Analysis 7 Background 7 Stage 1 Research Purpose 7 References 8 Background The reason behind choosing the Market research is because as stated by Philip Kotler (2007), it defines the first step of economic process. And it links to the consumers, public to marketer, customers and lets you identify, define and analyse marketing opportunities and issues pertinent to the marketing. The process of market research renders researcher scope to evaluate process, generate, refine and define marketing current actions. It helps to monitor market performances, and also enables a clear picture of understanding the marketing process. It is noted that market research differs from company to company and significance of market research is that it helps...
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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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...Tang, and Song Dynasty. Well during the period of the dynasty that China was unified again when Young Jian a member of aristocratic family from northern china founded a new dynasty known as Sui. The Sui dynasty started 581 and ended 618bit was founded by Sui Wendi or Yang Jian. The major changes that occurred were reduce the rich-poor social gap, enhanced agricultural productivity, equalization system and have the governmental power centralized. The defense was improve and great was expanded and Buddhism was spread. When Yangdi took over the throne he didn’t seek to gain support from nomads. He restored Confucian education and examination system of bureaucrats. Yangdi lost support of nomads by supporting educational forms. Yangdi start expensive construction work. Yangdi luxury expense lost him public support and he was assassinated by his minister, but the biggest factor that led to the down fall was invadation of Goguryeo. Li Yuan took advantage of the situation and declared a new foundation dynasty known as Tang. The Tang dynasty started from 618 and ended 907 it was founded by Li family who gain power during the collapse of Sui Dynasty. According to Chinese history records The Tang dynasty was the greatest historic period in China. During this time period the economy, politics, culture and military strength reached an unparalleled advanced level. Tang dynasty experience a wonder of change in China culture by modern feel that era represents the apogee of Chinese creativity...
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...Case Analysis: DMG- Shanghai GM598ON Spring A 1. It is obvious why guanxi and guanxiwang are so important in China. The people are very focused on connections, and building relationships with people. When you have a culture that is that focused on that, it would be illogical not to. I was always brought up to never burn bridges and build good professional relationships, because you never know when you might need a favor. By building the relationships they did, they were able to film in the Forbidden City. That was all due to the fact that the company respected the Chinese culture and religious beliefs. That would have never happened, had they not been sensitive to those aspects. Building relationships is essential to operating a successful business. I know when I sold advertising I would have never had repeat clients had I not taken the time to build good respectful relationships with them. 2. If a company was to go in to China and try to obey all of the rules and regulations they would be eaten alive. There is no way they would be successful. It seems like the only real rule that has to be followed is guanxi. Rules and regulations can be bent when there is a great working relationship and respect from both parties. Obviously, the company is very attentive to that and takes it very seriously. If a company came in worried only about the rules and not the people they are interacting with, they would essentially be booted out of the country. 3. I would think that...
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