... * Archibald Incorporated may pressure the new Chinese facility to meet unrealistic goals that can be fulfilled only by cutting corners or acting unethically. * Archibald Incorporated has high ethical standards, if media finds about the issue, it will be a PR disaster. * If Archie does not fix the situation properly, he will be fired from Archibald Incorporated Problem: Archibald Incorporated’s reputation can be potentially jeopardized due to the third party report, which indicated falsification of payroll reports of the Chinese facility. Alternatives: 1. Archibald Incorporated’s status quo. 2. Archie should come clean to the board about the company crisis in China. 3. Archibald Incorporated should proceed to dissolution and termination of joint venture. Facts Considered: 1. Archie strongly believes in ethics and wants the company’s actions and policies to stay that way. 2. The company’s CEO was against the joint venture from the start. 3. An effective business plan should be utilized in order to fix the problem no matter what option is chosen. Recommendation: Archibald Incorporated should come clean about the situation and then take matters into their own hands. Archibald Incorporated will not only solve the primary problem, but also go a step forward. They will now have control as to how their company is being run, along with meeting their company standards. This will also benefit them with increased...
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...China-Taiwan Cross-Strait Relations: A General Overview The topic of Taiwan’s independence has been a decidedly sensitive subject for both those who are from either implicated party and outside nations alike, since the defeat of Kuomingtang (KMT) by the Communist Party in 1949. After so many decades of debate and political conflict, there has yet to be a concrete solution – the Taiwanese increasingly identify themselves as citizens of an independent nation, while the majority of the world has yet to recognize them officially as a nation separate from the PRC. Both parties involved – the PRC and Taiwan – have taken incredibly stubborn stances on this issue for the past several years, and it does not look like there will be an easy solution in the near future. China-Taiwan cross-strait relations are quite complicated, but for the sake of simplicity, it can be broken down into the period following the Japanese control over Taiwan, the defeat of the KMT, the period between the rise of the Democratic Progressive Party (DPP) and contemporary times, and finally, the rest of the world’s – namely the US’ – involvement in the entire matter. Prior to 1949, China’s governing group was the KMT – a nationalist party, as they call themselves. For 50 years, the Japanese controlled Taiwan – though arguably, they did more good than bad, as Taiwan developed much quicker than mainland China through their help – but was forced to relinquish its hold in 1945, when the Axis Powers were defeated...
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...ASSIGNMENT Chinese Foreign Policy ------------------------------------------------- Does Chinese Foreign Policy reflect the concerns of a status quo power or a revisionist power? INTRODUCTION Before addressing this question, it is essential to establish what is meant by a status quo or revisionist power. Hans Morgenthau described a status quo power as one that favours and aims to maintain “the distribution of power as it exists at a particular moment in history”,. Similarly, proponents of power transition theory use the concept of the “rules of the game” regarding nations’ power relations to define status quo and revisionist states, the latter desiring to “redraft the rules” out of a “general dissatisfaction” with their share in the system. Randall Schweller furthers this point by adding military force as a requisite of such ambitions to amend the status quo. For the purpose of this essay, whether a power is status quo or revisionist will be determined by whether its policies aim at acquiring a new power order in its favour. Using this yardstick, this essay will elaborate China’s current behaviour and underlying aspirations to argue that it would be inappropriate or at least premature to stamp the country ‘revisionist’. I will also incorporate Morgenthau’s viewpoint on a status quo’s ‘minor adjustments’ into my reasoning of China’s policy to argue that what could be currently perceived as evidence of Chinese aggressive ambitions are not attempts to reverse the current...
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...1. For what purpose does Michael Wang need to find the appropriate Chinese stock market index? For what other purposes do you think one may need to use the stock market index? Michael Wong needs to use the appropriate Chinese market index to evaluate the performance of his portfolio. And also he can use the index to understand the direction of the overall market and stay abreast of trends in the different segments. Moreover, Michael Wang can use the stock market index to hedge against his portfolio to minimize risk of investments or to develop derivative products such as index futures and index options. 2. What are the five major Chinese stock market indexes mentioned in the case? Briefly summarize how each index is constructed. The five major Chinese stock market indexes: SSE Composite Index, CSI 300 Index, S&P/CITIC 300 Index, FTSE Xinhua (A) 600 Index, MSCI China A Index. * SSE Composite – Simply includes all listed stocks (A shares and B shares) at Shanghai Stock Exchange. Composite indices are weighted by total number of shares and the base period is the total market capitalization of all stocks of that day. (Base date: Dec. 19, 1990 / Base value: 100) * CSI300 Index – Includes A shares listed at the two exchanges (Shanghai and Shenzhen) in China. Weighted by float-adjusted shares. Stocks that rank top 300 are selected as index constituents considering size and liquidity. (Base date: Dec. 31, 2004 / Base value: 1,000) * S&P/CITIC 300 Index – Includes...
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...With China’s GDP growth still hovering around 9.1% YOY, American companies are continuing to set up factories and look into China to boost profits. All-American companies such as Apple and the Gap are expanding into Mainland China to take advantage of cheap labor. In 2009, US foreign direct investment was north of $3.6 billion dollars from $2.8 billion in 2008. However, US companies are still facing issues with piracy and intellectual property rights once setting shop in China. Assistant Secretary for the Economic and Business Affairs Jose Fernandez said, “One US Company was the victim of Chinese hackers who stole technology that costs $1 billion and 20 years to develop. After theft of its technology came to light, another company lost 40% value in a single day and *4% within five months.” US companies have seen their businesses go from millions to zero in a matter of a few months. Inadequate protection of these issues will continue to cost US firms and employees billions of dollars each year. One recent case that has hit the US officials is the creation of 22 illegal Apple stores that resembles an Apple store that sells counterfeit products. Often, US firms specializing in biotechnology, nanotechnology, and telecommunications are major piracy targets. Before the technology even hits the production line, another Chinese business has copied and boxed cheaper versions of the same product. Washington and Obama have been hounding Chinese officials to buckle down on copyright infringement...
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...represents a paragraph. What new insights about a sense of belonging are shown in The China Coin and one other text? How has the composer conveyed these new insights to the responder? Put some ideas in each box to help you plan. The notes on the right are not complete. They provide some examples for you to see how to present your argument. The words in bold are linking words. |Introduction |A sense of belonging can emerge from relationships with people and places. When | |Mention aspect(s) of belonging |people experience a strong cultural connection to a place, their sense of | |Make a statement about how this aspect is |belonging is strengthened. This can change over time. The novel The China Coin | |represented in the set text and one other |and poem ‘We are going’ both have strong cultural images and personal statements.| | |These are revealed through the composers’ use of flashback, narrative voice and | | |descriptive language. | |Examples: |Notes: | |• The China Coin–point and elaboration |Leah arrives in China, feeling she does not belong, does not want to. Negative | |• Other text–point and elaboration |encounter....
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...Difference between China and Sub-Saharan in economic growth and development This essay will try to analyse the difference between China and Sub- Saharan region countries on the economic growth and development issue from an overall view. In order to contrast the different development and growth methods between china and a whole Sub-Saharan region of countries, the essay will introduce the solow model in order to simplify the analysis, because in order to conduct a precise research, too many factors need to be controlled, so introducing a model which can simplify but not change the fact is appropriate. The basic assumptions of the solow model remain unchanged in this essay because the first assumption of constant returns will stand as both China and Sub- Saharan countries are economy which are large enough “that the gains from the specialization have been exhausted” (D. Romer (2011), "Advanced Macroeconomics", McGraw–Hill, New York, 1996.). The second assumption which neglects other impacts on the economy development will be discussed in the later paragraphs like policy, population, human capital and so on. Figure 1. China and Nigeria’s annual growth rate of GDP per capita (%). Data source: World Bank, World Development Indicators Figure 2. China and Nigeria’s broad money of GDP per capita (%). Data source: World Bank, World Development Indicators Figure 3. China and Nigeria’s labor force of total population (%). Data source: World Bank, World Development Indicators ...
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...[pic] MGT 3446 – International Business and Management Final Project Microsoft -Business in China Megan DeMeo August 23, 2013 1. Case Summary Microsoft decided to enter into China back in 1992 and opened its first sales office in Beijng. China has an extremely large market of consumers which is the main reason many, including Microsoft, have been lured into China to start business. China also has a large number of inexpensive laborers that allows for work to be completed on a product and then to be sold at the same price but made for much less. Microsoft was also lured into China by the size of its market and its phenomenal economic growth as well as the Chinese engineering talent that was available. Microsoft has experienced complications over the years while performing business in China which has included piracy of its products. This was a major problem in the beginning, has been a constant issue over the years, and is still troubling Microsoft today. 2. Company Background The Microsoft Corporation is a multinational software company that was created in America and is headquartered in Redmond, Washington. The company was founded in 1975 by Bill Gates and Paul Allen. The company develops, manufactures, licenses, and supports a wide range of products and services related to computers and other electronic devices including video gaming systems. Microsoft operating systems, such as Vista...
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...that he is above them because of the amount of money that he generates. The overwhelming theme in this song is his message of being untouchable to government and how he is above the law. Jay-Z talks about his invincibility because of his ties with the President Obama. Jay-Z starts his first verse with “I done turned Havana to Atlanta.” This is referencing his recent trip to Havana the capital of Cuba. He is implying that he walks the streets of Cuba the same way he does in Atlanta with confidence and a sense of control. Jay-Z does this calmly even though it is illegal for Americans to visit Cuba. He totally disregards government laws and visits anyway because he knows the consequences won’t be too harsh. This is because he has such a close connection with President Obama and thinks he will not be incarcerated for his crime. Jay-Z is also trying to make a statement that he can do whatever he wants no matter what the law says. Jay-Z is a multimillion dollar man and can afford to go anywhere in the world no matter the cost and there is one place that is off limits; Cuba. He sees this as an opportunity to prove himself as one of the most powerful people in America. He also talks about the government and how they try to dethrone people who are making a mass amount of money because they want to keep full control. Jay-Z states “Balling ‘till they ban us”. He will continue to expand his wealth with his recent part...
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...product or service into a foreign market is a significant business achievement. As a matter of fact, there are a few things that companies have to face when it comes to globalization. This essay will deal with luxury products, and more particularly with high-end jewellery from the French brand Cartier. These products will be launched within the Chinese market, as it is close to become the largest luxury market in the world. In order to make this project as successful as possible, this essay will be divided into two parts. On the one hand, we will be analysing the marketing environment of the Chinese market by identifying major market opportunities. Also, the selection of a suitable target market for Cartier jewellery products will be made, and we will recommend which aspects of the product’s international marketing mix strategy would require adaptation. On the other hand, we will critically examine the notions of standardization and adaptation of the international marketing mix. 1. Market selection & Cultural Research and Impact on International Marketing Mix Strategy a. Market opportunities: In order to justify the choice of the Chinese market for Cartier jewellery products, 4 market opportunities will be identified. The first three ones will be dealing with socio/cultural aspects whereas the last one will be rather based on an economic aspect. With more than 1.3 billion of people, China has about 18 thousand billionaires, 440 thousand multimillionaires, and a fast rising...
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...Religion in China Name Institution Course Date Confucianism comprises one of the religions of the world in China. The current China puts all efforts in a bid to see that the religion comes back and people start worshiping it. Confucianism termed as a religion, which used to exist in the 6th century BCE in China, and, which many Chinese loved to practice can come into practice again today by introducing it in schools as a subject. The religion finds its roots back after so many years not in practice. Many religious practices of the word have existed in china for so long and the Chinese respond to the traditions positively. The practices vary and the divergence of understanding increase. Confucianism named after the founder Confucius meant to unite the people of china. It got adopted as a rule to bring together the people of china. The exams set on Confucianism took only 24 to 72 hours and any male could sit for the exam. It existed from 600 to 1900 era. Under Confucianism, the humanists control the affair of the country and thus the lack of performance of the government becomes lack of performance of the Confucianism. Confucianism has helped revive businesses and lead to evolution of several achievements and thus the need for its revival. However, the idea to revive Confucianism has not gone quite well with some of the citizens in china and thus they have opted to resist it. The Christians do not see the form of religion as Godly and they decide to resist it no matter what it can...
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...Duanying Chen did not know the rules of the US society, then he got in trouble. The civilization creates many laws and rules not only to restrict people's activities, it also protects people. If those rules disappear, what will happen? Freud stated that the civilization is the source of misery, if we give rid of it and go back to primitive conditions, we should be much happier(38). That might be true for some people, but the happiness is just transitory. If there is no law to control their activities, Chen will not need to face the consequence. The people like him will do the same things to other people. Then the peaceful society will not exist anymore. Civilization makes some rules to control people, something people can do, but something...
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...Opening a Foreign Law Firm in China The Chinese government officially opened China’s doors to foreign law firms in 1992, even though there was already some foreign presence since the 1980s. This “opening” of the market was very limited and foreign law firms were still not quite sure what they could or could not do, or even what their rights were. Given the very restrictive nature of the relationship between China and its national lawyers, foreign law firms were quite cautious in their approach towards practicing law in China. A very much anticipated change was expected when China acceded in 2001 to the WTO. As a consequence, China had to, amongst other compromises, open its legal market, making it friendlier for foreign lawyers and law firms. China made several promises of radical change to the US and EU communities, but unluckily these promises fell short. In this sense, even though some improvements were made, the laws promulgated were quite disappointing for the international community, as many subjects were not clearly stipulated (very broad ideas that are not defined) and in other cases, important topics were ignored. The laws we are discussing are the: (i) Regulations on Administration of Foreign Law Firms’ Representative Offices in China, promulgated on December 22nd, 2001 and with effective date of implementation of January 1st, 2002 (the “Regulations”); and, (ii) Stipulations of the Ministry of Justice Concerning the Enforcement of the “Regulations on...
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... EC280: INTERNATIONAL BUSINESS ANALYSIS Name: Lee Wen-I Words:1963 Table of Contents Introduction 3 1 How is China becoming powerful? 4 2 Global overcapacity and China 5 3. Challenges toward China 6 4. Reaction of China 8 References 10 1. Globalisation in China Since 1990s, globalizing is shown everywhere in the world. The commodities, cosmetics, clothes, or even designer goods are now made in any country that you might think of. In the widely cited report, Goldman Sachs argued that the economic potential of Brazil, Russia, India and China is that they may become among the four most dominant economies by the year 2050, with China surpassing the United States in output by 2035. Globalization has become one of the important issues in this global economics. However, when it comes to representing the success of globalization, China often came out. China influencing more and more on the inflation, Yyield to Maturity (YTM), wage standardization, capital flows, migration and even building city quotations on the markets. China certainly plays an important role for the future globalization development. From the financial magazines, it shows that although China is not the only country that developing extremely fast, it is the most important one. 1.1 GDP and growth in China In 2000, the GDP growth rate in China is almost two times than the combination of Brazil, Russia and India. Luthans states that: ‘China’s GDP has remained strong, maintaining...
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...several Best BuyCo. BBY +2.41% stores across the eastern U.S. reported ample supplies of the 5C, but much thinner stockpiles of the 5S. An employee at one location estimated the 5S had outsold its cheaper sibling three-to-one.Today, Apple's online stores in the U.S. and China promise to ship the iPhone 5C within 24 hours. But iPhone 5S orders take two to three weeks.This month, Apple told its two assemblers, Taiwan-based Pegatron Corp. 4938.TW 0.00%and Hon Hai, that it would cut this quarter's orders for the iPhone 5C, the people familiar with the situation said.Pegatron, which analysts said assembles two-thirds of iPhone 5Cs, was told the order would be cut by less than 20%, a person familiar with the matter said. Hon Hai, which assembles the remaining 5Cs, was told the order would be cut by a third, two people familiar with the matter said.An executive at Hon Hai, which is also known as Foxconn, said it stopped hiring additional workers to produce the iPhone 5C because of the reduced order. A Hon Hai executive last month said the company would beef up its workforce, anticipating strong orders for the iPhone 5C.A component supplier was notified that the order for iPhone 5C parts would be cut by 50%, a person familiar with the matter said.The reduced orders could indicate weak demand, or could signal that Apple wanted to ensure adequate supply of the 5C so that potential buyers, who were more likely to be switching from competing phones, didn't have to walk out of a store empty-handed.That...
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