...HAIER, TAKING A CHINESE COMPANY GLOBAL 1. SUMMARY Haier (“the Company”) was China’s biggest white-goods producer and supplier in 1990s. In 1984, there was nearly 300 local producers in China market, most of which were producing poor quality goods. However, customers were willing to pay more for higher-quality products and reliable service. This need created an advantage for differentiation. In Chinese market, demand was high. Haier being able to read customer need properly, focused on Product Quality, After-Sale Services and Brand Building. While there was oversupply in the market, with product differentiation Haier was able to raise its prices. Their target was to be a first-class brand. In early 1990s, while the demand was exceeding the supply, they decided to set up a large scale production. In 1991, they focused on Diversification on product range. They acquired an AC and a Freezer company, which were performing poor and turned around these companies into profitability quite soon with the right restructuring and strategy. There was a government pressure on Haier to take over poor performing firms ( i.e. in 1993, acquisition of Red Star). In 1992 the Company needed additional capital to invest in land and construction, but did not get subsidied due to government restrictions.As an alternative solution the Company undertook an IPO and went public with its 43.7% refrigerators division on Shangai Stock ExChange in 1993. In 1997, the Company added TV and telecommunication...
Words: 2352 - Pages: 10
...3.1: Explain how market structures determine the pricing and output decisions of businesses? How market structures determine the pricing and output decisions of Ollo: Firms’ pricing and output decisions depend onbarriers to entry and the behaviour of competitors.The actions of one’s competitors can easily influence the behaviour of afirm.This is proper for an oligopolistic industry whereby firms display mutual interdependence.Ollo is an oligopolistic business with Banglalion & Qubee as their major competitors.If Ollo sets a price higher than that charged by others, the company can expect to lose a lotof sales.Moreover, there are some barriers of entry Ollo must consider before expanding theirbusiness.Barriers to entry are obstacles that deter new firms from entering a market to compete withthe existing firms. They give firms a degree of market power such that decisions can bemade by existing firms without risking their market share.The most common types of barriers to entry are as follows: 1. Availability of key resources. 2. Government restrictions & legal barriers. 3. Exclusive rights & patents. 4. Initial capital cost. We must keep in mind that, the degree of barriers of entry can determine firms ‘pricing decisions. The wireless industry requires a big sum of capital and it uses mobile data network as its main resource.Ollo had to put down a lot of money just to enter this market still they must consider thefact that their competitor Banglalion...
Words: 2531 - Pages: 11
...Greece, the Country in the Eye of the Storm GBM 489 Greece, the Country in the Eye of the Storm Turmoil, riots, corruptions, dishonesty, poverty, hunger, disasters is just a taste of each country is experiencing during this economic crisis. Greece is the eye of the storm amidst the hurricane of the world. The following pages will provide insight into the storm of Greece’s debt, the assistance of the global organizations, structural reforms, policies, and suggestions in implementing a business plan. Greece s’ Debt Greece’s Debt problems consist of a variety of mistakes and issues including profligate spending, corruption, overpaid positions, tax evasion, and large pensions, etc. One rule when joining the European Union (EU) is an understanding each country is to keep the country’s budget deficit within 3% of GDP. Later, after Greece joined the EU its budget deficit was actually around 13% (Lemco, 2010). Greece tried to handle its debt issues until the EU decided further action needed to be taken. The Eye of the Storm According to the McGraw-Hill Dictionary of American Idioms and Phrasal Verbs, the eye of the storm has two definitions a literal and figurative. The literal definition states the eye of the storm is the area of calm in the center of a tornado, hurricane, or cyclone. The figurative definition states the eye of the storm is a temporary peaceful time amidst more trouble and strife yet to come (Spears, 2007). Either definition provides a great description of why...
Words: 1600 - Pages: 7
...management course Fall semester 2014 UBI-BA2 Brussels Chapter 02 Outline (The Global Economic Environment) 2-0 2-1 2-2 2-3 2-4 2-5 2-6 Introduction The world economy—an overview Economic Growth stars Classification of countries by income Market opportunities in DCs World population trends Dealing with currency risks 2 2-0 Introduction • The level of economic development in the target country is a major determinant of global market potential and opportunities • Globalization and forms of freemarket capitalism prevail almost everywhere today • Since the 2008 financial crisis, however, much uncertainty has crept in. 2-3 2-1 The World Economy—An Overview • The world economy has changed profoundly since WWII: in the western world, trade boomed and GDP rose constantly at a 2-3% rate… • Globalization (economic integration) was estimated to be 10%; today it is 50% (by some measures) and still rising • Global companies have arisen to respond to global market demands and opportunities, global competitors have displaced local ones 2-4 Growth of world GDP Figure 1.1 Growth of Real World GDP, 1975–2005 500 – 450 – 400 – 350 – Volume 300 – 250 – World GDP ~$70 Trillion today World population 7,1 Billion 200 – 150 – 100 – 1975 1980 1985 1990 1995 World GDP 2000 2005 Countries by annual GDP growth Recent World GDP growth Year 2003 2004 2005 2006 2007 Annual Growth, % 3.8 4.9 4.6 5.3 5.4 Financial boom in West Boom in China & India 2008 ...
Words: 2266 - Pages: 10
...LOWTHER USAID Hrvatska, Zagreb UDK: 314.18(497.5) Saetak U èlanku se definira fleksibilnost trišta rada i navodi njegova vanost u hrvatskim naporima za poveæanje ekonomske i poslovne konkurentnosti. Izlau se iskustva Irske, Nizozemske i SAD-a kako bi se objasnio razvoj kooperativnog djelovanja u ostvarivanju fleksibilnosti trišta rada i njegovo funkcioniranje. Autor zakljuèuje da RH, poput veæine zemalja kontinentalne Europe, ima vrlo nefleksibilno trište rada te navodi prijedloge za poboljšanje fleksibilnosti. Socijalni partneri u Hrvatskoj trebaju zajedno ostvariti ravnoteu fleksibilnosti trišta rada i sigurnosti zaposlenja koje æe biti od koristi za radnike, poslodavce i nacionalno gospodarstvo. Kljuène rijeèi: rad, fleksibilnost, socijalni partneri, trišna konkurentnost, trišta rada u Hrvatskoj I. Uvod Kako se poduzeæa, gospodarstva i zemlje susreæu sa sve veæom konkurencijom otkako su trišta otvorena globalnom natjecanju, konkurentnost1 pojedinog poduzeæa ili gospodarstva u globalnom trištu uvelike ovisi o moguænosti uspješne prilagodbe promjenama trišta i iskorištavanju moguænosti najnovijih tehnièkih i tehnoloških dostignuæa. Za potpuno iskorištenje svojih moguænosti poduzeæa i zemlje trebaju fleksibilnu radnu snagu i trište rada. Na meðunarodnoj razini postoji opæa suglasnost ekonomista da veæina zemalja – pogotovo u Europi – trebaju fleksibilnija trišta rada. Postoji jasna povezanost stope * Primljeno (Received): 10.6.2003. Prihvaæeno (Accepted):...
Words: 10092 - Pages: 41
...INTERNATIONAL TRADE & INVESTMENT Prof. Dr. Natalia Ribberink World Trade Center, Seoul, South Korea (Picture: Ribberink) INTERNATIONAL TRADE & INVESTMENT Preliminary Notes World Trade Center, Seoul, South Korea (Picture: Ribberink) Preliminary notes • Combination of lecture, seminar, group work and other forms of learning as appropriate; • Grading: working paper 60%, case studies 40% • Communication: natalia.ribberink@haw-hamburg.de © Prof. Dr. Natalia Ribberink 3 Agenda Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: International trade and investment environment International trade policy and instruments Forms of international trade FDI theories, patterns and forms FDI policy instruments For details s. Syllabus (will be provided in class on Nov 10, 2015). © Prof. Dr. Natalia Ribberink 4 Message icons Further reading Question for group discussion Case study Int. Trade & Investment Vocabulary © Prof. Dr. Natalia Ribberink 5 Online sources: AuslandsGeschäftsAbsicherung des Bundes: www.agaportal.de Außenwirtschaftsportal: www.ixpos.de Berne Union: www.berneunion.org.uk Kreditanstalt für Wiederaufbau: www.kfw.de OECD: www.oecd.org Statistisches Bundesamt Deutschland: www.destatis.de The Economist: www.economist.com UNCTAD: www.unctad.org World Trade Organisation: www.wto.org © Prof. Dr. Natalia Ribberink 6 CHAPTER 1: International trade & investment environment Westside Market...
Words: 5898 - Pages: 24
...s po ket ies ar eg e m at g str ad y c s tr gin te er ra oli ver ersment n of emorpo m l p o rg ploy xatio ts ke e cl er ers n m lder p yme u ns keho plo a co n io t fla in g lin r e ng hao a ke c eed c a m fis t objectives t fr d men aims an ic environnment m econo enviro ment social nviron ange h legal e e em un ta of c causes ship leader g and proc hange g for c ess entin implem ing change s manag decision plannin rship exch st rates intere tives objecg markets in g emerg tion inflaange rates cto phic fa nemp subsid taxa hea u n envirot l M e ade s on na a n gi ra demog al dec politic ow ons er su n c C change i nfl subunemployateion men si m nt t re gula dy tio p an h envir social u lea ence ns d s fisc ersh al p i olic p y ge leade e cultur nt onme leg al inte stra rnal c teg au infl ic decisio ses enviro n missio tec al envir ecisio nt ra hno onm ns logi ent po cal or c strategi es influenc ent nm han ic envi gic lega ge a aim ron men l p l stra enviro roces t nm te soc tegic e s i d ic om on ec cy ure env ct iron e m bj lead iron en pla nni ersh ment t nd o tech ng for c ip a eco han nom nolo s ge c lt ea tr o ic m ubl de p n e th n cult ...
Words: 27143 - Pages: 109
...Women in economic decision-making in the EU: Progress report A Europe 2020 initiative Justice Neither the European Commission nor any person acting on behalf of the Commission may be held responsible for the use that may be made of the information contained in this publication. Pictures copyrights: fotolia Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) Certain mobile telephone operators do not allow access to 00 800 numbers or these calls may be billed. More information on the European Union is available on the Internet (http://europa.eu). Cataloguing data can be found at the end of this publication. Luxembourg: Publications Office of the European Union, 2012 ISBN-13: 978-92-79-23283-1 doi: 10.2838/65541 © European Union, 2012 Reproduction is authorised provided the source is acknowledged. Printed in Luxembourg Women in economic decision-making in the EU: Progress report A Europe 2020 initiative Table of content Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 1 The economic importance of gender diversity in corporate boards . . . . . . . . . . . . . . . . . . . . . . . .7 2 The gender imbalance on corporate boards: facts and figures . . . . . ...
Words: 10999 - Pages: 44
...not purport to be a legal document. July 2013 CONTENTS 1. Introduction ............................................................................................. 4 What is this Guide About? ........................................................................... 4 What does Importation mean? ..................................................................... 4 Why would I come into contact with Revenue? ........................................... 4 What goods are Prohibited or Restricted? ................................................... 4 Overview of Importing ............................................................................ 5 Pre-Arrival of the goods in the EU ............................................................... 5 Arrival of the goods in the EU ...................................................................... 5 Where can the goods be brought to?........................................................... 5 What places are approved? ......................................................................... 5 Goods arriving through another Member State ............................................ 5 What must I do when the goods arrive? ...................................................... 5 Can I use an agent to work on my behalf? .................................................. 6 How are Customs Duties set? ..................................................................... 6 2. 3. Declaring Goods for Customs purposes ...
Words: 8067 - Pages: 33
...AN INTERNATIONAL COUNTRY CASE STUDY OF SOUTH KOREA [pic] PREPARED BY INTERNATIONAL TRADE & ECON 470 Table of Contents Introduction 1 International Trade Theory 3 Revealed Comparative Advantage 3 Resource Endowments 3 RCA VS Technology Resource Endowments 6 Implication 3 International Trade Policy 4 Tariff Policy 5 Government Corruption & International Trade Policy 6 Implication 3 International Monetary System 1 Balance of Payment 3 Currency Value 3 Implication 1 Conclusion 1 Suggestions for Further Research 3 Work Cited 5 APPENDIX Figure 1.1 1 Figure 1.2 1 Figure 2.1 1 Figure 2.2 1 Figure 3.1 1 Figure 3.2 1 Figure 4.1 1 Figure 4.2 1 Figure 5.1 1 Figure 5.2 1 Introduction Overview of South Korea South Korea is formally known as the republic of Korea is a country in East Asia. The country covers a land area of 99,392 Km square and a population of 49.3 million. The country constitutes the southern part of the Korean Peninsula. South Korea is a developed nation ranked at position fifteen. In terms of education, the country is not left behind as it ranks highly in terms of providing high quality education to its citizens. Proper and quality healthcare facilities are also available in the country. South Korea is my country of choice because I got attracted by the efforts the country has put into place to grow from the world poorest country to be among...
Words: 3610 - Pages: 15
...Project Paper 5 Turkey Country and Research Areas Report Final Version, 2010-09-28 Responsible institution: Koç University University of Antwerp Authors: Deniz Karcı Korfalı Ayşen Üstübici Helene De Clerck With the collaboration of Ahmet İçduygu, Deniz Sert, Zeynep Özler and Chris Timmerman Contents Introduction .............................................................................................................................. 3 Country Background ............................................................................................................... 4 An Overview......................................................................................................................... 4 Geography in General ........................................................................................................ 4 Demography ...................................................................................................................... 6 Political Environment and Administration ........................................................................... 7 Economy ............................................................................................................................ 8 Health care......................................................................................................................... 9 Education ..........................................................................................................................10 Historical...
Words: 31156 - Pages: 125
...Vienna Institute for International Economic Studies www.wiiw.ac.at Please cite as: Vidovic H., (2013), ’Labour Market Developments and Social Welfare’, GRINCOH Working Paper Series, Paper No. 4.01 Labour Market Developments and Social Welfare Abstract Employment and activity rates in the new EU Member States (NMS) declined significantly up to the early 2000s and started to increase along with strong GDP growth thereafter. Job losses following the outbreak of the economic and financial crisis varied substantially across countries and have not been offset yet. Overall, the low educated and the young people are very disadvantaged on the NMS labour markets. With the exception of Poland and Slovenia, non-standard types of employment are uncommon in the NMS, following the pattern of Southern EU countries. Employment protection legislation has been adjusted to ‘European standards’ in the entire region. Union density and consequently the impact of trade unions on wage setting and employment in the NMS fell dramatically. In all NMS unemployment insurance schemes as well as minimum wage regulations were introduced at the beginning of the 1990s, but are less generous than in the EU-15. Content...
Words: 16363 - Pages: 66
...The Shell Global Scenarios to 2025 The future business environment: trends, trade-offs and choices © Shell International Limited (SIL), 2005. Permission should be sought from SIL before any part of this publication is reproduced, stored in a retrieval system or transmitted by any other means. Agreement will normally be given, provided that the source is acknowledged. The information contained in this publication is, to the best of our knowledge, true and accurate although the forward looking statements herein are by their nature subject to risk factors which may affect the outcome of the matters covered. Opinions from independent experts are presented as their own views in separate inserts with their approval. None of Shell International The companies in which Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company, p.l.c. directly or indirectly own investments are separate and distinct entities. The expressions “Royal Dutch/Shell Group” and “Group” are used to refer to the companies of the Royal Dutch/Shell Group as a whole. The words “Shell”, “we”, “us” and “our” are used in some places to refer to the Group and in others to an individual Shell company or companies where no particular purpose is served by identifying the specific company or companies. Limited, its affiliates and their respective officers, employees and agents represents the accuracy or completeness of the information set forth herein and none of the foregoing shall be liable for...
Words: 5392 - Pages: 22
...THE TURKISH REPUBLIC CAG UNIVERSITY FACULTY OF ECONOMIC AND ADMINISTRATIVE SCIENCES THE DEPARTMENT OF INTERNATIONAL RELATIONS THE NEW ERA IN TURKISH FOREIG POLICY: A MULTI- DIMENSIONAL TURKISH FOREIGN POLICY Erhan KAYA SEMINARY THESIS ADVISER PROF. DR. ALI ENGIN OBA YENICE-MERSIN/2011 Approval of the Graduate School of Economic and Administrative Sciences ________________ Prof. Dr. Ali Engin Oba Adviser I certify that this thesis satisfies all the requirements as a thesis for the degree of Master of Science. ________________ Prof. Dr. Esat Arslan Head of Department This is to certify that we have read this thesis and that in our opinion it is fully adequate, in scope and quality, as a thesis for the degree of Master of Science. Examining Committee Members Prof. Dr. Esat Arslan ________________ Prof. Dr. Ali Engin Oba ________________ I hereby declare that all information in this document has been obtained and presented in accordance with academic rules and ethical conduct. I also declare that, as required by these rules and conduct, I have fully cited and referenced all materials and results that are not original to this work. Name, Last Name: Erhan Kaya Signature: I would like to thank Professor...
Words: 8038 - Pages: 33
...Revision Guide. If you find this revision guide useful, the author would appreciate a donation which you can make via www.economicshelp.org/blog/donate It is not permissible to copy this guide for others. It is only freely available from www.economicshelp.org/ You are welcome to leave feedback and ask further questions on Economics at: www.economicshelp.org/blog Richard Tejvan Pettinger 29 Campbell Road mail@richardpettinger.com www.economicshelp.org 2 AQA Edexcel OCR • • • • • • • • • • • • • • • • • • Unit 5 Unit 4 Unit 4388 Costs Law of Diminishing Returns Economies and Diseconomies of Scale Production Decisions The Objectives of Firms Efficiency Competitive Markets Oligopoly Contestable Markets Monopoly Competition Policy Price discrimination The Labour Market Poverty and Alleviation of Poverty Market Failure Cost Benefit Analysis Privatisation Regulation of Privatised Industries www.economicshelp.org 3 Costs • • • • • • • • Fixed Costs: Variable Costs: Total Costs: Marginal Cost: Sunk Costs: These are fixed costs that do not vary with output. E.g. cost of building a factory These are costs that do vary with output E.g. electricity, raw materials Fixed + variable costs This is the cost of producing an extra unit These are costs that are not recoverable e.g. advertising = = = TC / Q VC / Q FC / Q Average Total Cost (ATC) Average Variable Cost (AVC) Average Foxed Costs (AFC) The Law Of Diminishing Marginal Returns • • • Total Product (TP)...
Words: 6402 - Pages: 26
