...Coffee market in china Insert name Institution affiliation Abstract This research paper aims to explore coffee market in China. It will focus on finding the quantitative analysis, consumption patterns, and development of the market relations to that of average income. It will utilize data of both urban and rural areas because of the distinct consumption patterns, show the development analysis and potential markets through supply constrain approach and regression analysis. Coffee in china is more of a habit. People drink it to feel good and not out of necessity. Coffee culture in China appeals to the adventurous, young, affluent, urban consumers in cities like Guangzhou, Beijing, and Shanghai. The paper will look at the consumption patterns and its demand that looks more of a successful lifestyle and culture of the western people. Out from the traditional tea- drinking country, China seems to become one of the largest coffee consumption countries in future (Bantiwalu & Demisse, 2010). Keywords: Coffee market, Quantitative analysis, Coffee consumption patterns, Average income, Regression analysis, Chinese potential market for coffee Introduction Coffee has enormous economic, social, and environmental importance in China. Most especially the Ethiopian coffee grows demand to the Chinese potential markets. Ethiopia continues to produce quality coffee reaching to international markets, like China. People around the world, drink up to a total of 7.4 billion cups of...
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..."The rise in disposable income and the change in government policy has created an environment for global companies to enter the Chinese market." we will focus on luxury products Question - How has the income levels changed in the Chinese economy and what factors contribute to the change in the income levels. Also what factors (from an income standpoint) should western firms keep in mind when deciding to serve the Chinese market. As per the Mckinsey Global Institute (MGI), in 1985, 99 percent of the household lived on income less than 25,00 reminbi, or $3019 per year. An estimated 116 million people in china were living less than $1 a day, by 2004 this number has been by 53 percent to just under 54 million. This has been a historical achievement in one generation. Chinas pro-market reforms and integration into the global economy has enabled China to achieve such success. As real average disposable income for households has grown 3.2 times over the past 20 years to 25,348 renminbi today, china has developed a structure of distinct income levels and the rise of the middle class. Even though there remains a huge income gap between the rural and urban population. The disposable income for people living in the rural and urban population is increasing. The diagrams on the right depict the rise in their disposal income level in urban and rural households. Due to the rapid pace of urbanization in China, the annual disposable income per capita for urban households is climbing...
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...globalization on non-western cultures China Globalization has reached to practically every corner of the globe. It brings to the world an exchange of information, goods, services, economy, and awareness of other cultures. Two cultures that have benefited from globalization economically are China and India. China is an excellent example of how globalization has transformed a once stagnant economy into an economic super power. Change occurred as a result of international influence from the United States. The United States had hopes in the Chinese economy and realized the capabilities China possessed in the export of goods to the United States and other countries. The United States helped China become aware of how shut off it had become from a growing global economy and helped to make them aware of the positive impact an open economic system could have on its nation. In 1986, China began to work towards joining the World Trade Organization. In 2001, China finally joined (China and the, 2014). The United States had a major role in China’s decision to open their economy, and they supported the effort fully. The influence on China from globalized nations was both direct and indirect. It was direct because countries such as the United States, worked closely with China during their admission to the World Trade Organization even requiring changes to the Chinese economy before they would be allowed to proceed. The influence was also indirect as the Chinese government had initiated...
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...The Impact of Globalization on Higher Education Abstract: Education is undergoing constant change under the influence of globalization. Globalization brings many positive changes on education. It changes the roles of students and teachers, and shifts society from industrialized society towards an information-based society. It has a great effect on culture and brings about a new form of cultural imperialism. The rise of new cultural imperialism is shaping children, the future citizen of global citizens. Intelligent people with a broad range of skills will be more competitive in this information-based society. With the development of globalization, higher education has to be internationalized in order to cater for this information-based society. Externally, the labor market requires for more knowledgeable and skilled workers, and workers with deeper understanding of foreign language and culture and business methods all over the world. Therefore, education is becoming invaluable to individuals. Today, education provides individuals with more chance of employment which in turn leads to a better life style, power, and status. This paper will discuss the impact of globalization on education. And it will find out the way how China higher education adapts to the changing environment under the context of globalization. 1. Introduction Globalization is a process, which affects a lot on human life, especially its great affection on education. In the twentieth century, many developing...
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...Anthropological approaches to international business Tian Guang* and Dan Trotter Shantou University, Shantou City, Guangdong Province, Southern China. Accepted 8 March, 2012 Cultural factors have long been known to influence the communication and success potential of competition. Cultural awareness shapes how business firms behave in cross-culturally reflected international markets. It is broadly recognized that cultural factors act as invisible barriers in international business communications. Understanding cultural differences is one of the most significant skills for firms to develop in order to have a competitive advantage in international business. This paper probes some key elements of cross-cultural issues in international business communication and provides a framework for creating competitive advantage for firms engaged in international business. Culture affects many aspects of international business communication. It impacts free trade policies, localization and standardization strategy decisions, advertising, brand effectiveness, business relationships, international business management, international marketing, international negotiation, and consumer behavior. Seven themes are suggested as guidelines for further research: Cultural impacts of markets, international versus domestic business communication, standardization versus adaptation in cross-cultural communication; cross-cultural dimensions of business communication research, cross-cultural aspects of the business...
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...Chapter 3 Homework (type your answer below each question; keep your responses concise) 1. Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing? 2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? 3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not? 4. Take a look at Fortune magazine’s most recent list of the 500 largest global companies ( HYPERLINK "http://fortune.com/global500/" http://fortune.com/global500/). (If this link doesn’t work, just copy and paste the URL in your browser.) What are the top 10 companies on the list? What industry, if any, dominates this Top 10 list? What country, if any, dominates this Top 10 list? What country dominates the overall Global 500 list? 5. From golden arches to blockbuster movies, American business has clearly influenced cultures around the world. But foreign industries and companies have also shaped American culture. Brainstorm a list of 5 foreign goods or services that have influenced American culture; include the specific good or service as well as its country of origin. Get creative! Chapter 3 Q1.Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing? Foreign outsourcing means contracting with foreign suppliers to produce products, usually at a fraction of the cost...
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...companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 145,000 employees in June 2012. At a glance Company name : ABB (Asea Brown Boveri Ltd ) Type : publicly- traded limited company Traded as : SIX: ABBN, NYSE: ABB, OMX: ABB, NSE: ABB, BSE: 500002 Industry : Electrical Equipment Founded : 1988 through merger of ASEA (1883) of Sweden and Brown, Boveri & Cie (1891) Headquarters : Zürich, Switzerland Area served : Worldwide Key people : Joe Hogan (CEO), Hubertus von Grünberg (Chairman) Products : Power technology, Industrial automation In the introductory part, here we explain some words about the ABB Company on that time. In 1997 Goran Lindahl took over from Barnevik as CEO of the technology giant and is feeling the demanding market and shareholder pressures. After joining he declared ‘I want to make ABB a company that encourages and demands innovation from all of its employees, and a company that creates the environment in which teamwork and innovation flourish,’ ABB has different priorities in different markets. Western Europe and North America are the company’s biggest markets. However, the high-potential markets are the Middle East, Africa, Latin America and Asia. These markets are growing fast, and ABB expects to have half of its customers...
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...Impact Less in the World With the development of economic and worldwide communication, globalization becomes a familiar word for people today. Some people address that globalization is Americanization because of forced influence from the United States. Whereas, a history professor, Richard Pells argues that “What we have in the 21st century is not a hegemonic American culture but multiple forms of art and entertainment-voices, images and ideas that can spring up anywhere and be disseminated all over the planet”(248). Pells believes cultures influence mutually instead of being impacted and dominated by Americanization. Also, culture can spread to the world through art, entertainment, and any other forms rather than only accept Americanization. Even though Americanization has significant effect in the world undeniably, the effect reduces recently. Pells also claims that “There is a sense overseas today that America’s culture exports are not as important, or as alluring, as they once today such as the cultural action is elsewhere- not so much in Manhattan or San Francisco but in Berlin and Mumbai.”(248). Americanization has less impact for other countries. Chinese audiences no longer go to theater to watch Hollywood movies as frequently as before. Also, individuals do not love American food blindly since local restaurants are rising up to compete with American food. In addition, Americanization is not only losing impact overseas, it is also invaded by foreign culture such as language...
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...2 2.1 Globalization 2 2.1.1 Globalization of Markets 3 2.1.2 Globalization Production 3 2.2 National Differences in Political Economy 4 2.2.1 Political Systems 4 2.2.2 Economic Systems 4 2.2.3 Legal systems 4 2.3 Differences in Culture 5 2.3.1 Values and Norms 5 2.3.2 Languages 5 2.3.3 Hofstede’s Model 6 2.4 Economic factors 6 2.4.1Exchange rates 6 2.4.2 Inflation rates 7 3.0 Conclusion 7 4.0 Recommendation 8 5.0 Reference List: 9 6.0 Appendices 10 1.0 Introduction: This report is concentrate on talking about the dangers and opportunities of New Zealand animal husbandry industry that try to start international operations in China. China is one of the world's oldest continuous civilizations, and has most complex cultures. China leads the world in swine production, the total number of hogs reaching about 454.4 million at the beginning of 2001 (55% of the world's total), as compared with 89.8 million in 1952. The number of sheep expanded from 36.9 million in 1952 to nearly 133.2 million in 2001. Pig raising, often pursued as a private sideline by peasants, is the fastest-growing sector of the livestock industry, and hogs and pork products are becoming valuable export earners. In 2001, China produced 65.3 million tons of meat, ranking first in the world with 27% of the total. Some 12.8 million tons consisted of poultry. Pork production in 2001 amounted to 42.9 million tons (first in the world), equivalent to 40% of global production. (China-Animal...
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...How do culture and sub-culture impact IHRM? Illustrate your answers with real-life examples. IHRM is intrinsically international and multicultural, contributing to making culture a frequent component of IHRM issue. Culture is the ability of human capacity in adapting to circumstances and transmitting this coping skill and knowledge to subsequent generations. It gives people a sense of belonging and how they should behave and what they should be doing. Culture impacts behavior, morale and productivity at work and includes values and patterns that influence employees’ attitudes and actions (1). Subculture is a group of people within a culture that differentiates them from the larger culture to which they belong (3). There are two types of cultures that affect IHRM: Organizational culture and National culture. Organizational culture affects how an organization copes with competition and change, whether in terms of technology, economics or people. Firstly values, norms and behaviors play a big part in organization culture. The role of leader in an organizational culture is powerful- such in the case of Apple founder - Steve Jobs is seen as innovative, creative and inspiring, making Apple one of the most innovative companies in the world. The leader normally creates organizational culture and its existence would subtly influence perception, thought, action and feelings of the employees in ways that are consistent with their cultural beliefs. Organizational culture and innovation...
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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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...Vacation 1. Is China a market economy? What role have foreign companies played in China’s fast-paced growth since the reform began? How does the Chinese government perceive foreign enterprises operating in China? What has been the history of China’s relation with the outside world and how does this history influence its behavior toward foreign firms on Chinese soil? Yes, China is a market economy. China now participates extensively in the world market and mostly state owned but also some private sector companies play a major role in the economy. When China began to resemble a market economy, privatization had not occurred in China on a significant scale. However, since the reform it was relatively easy for them to identify their potential joint-venture partners. The removal of restrictions on investment, relaxation of restrictions on products produced and breakdown of silo meant that potential partners can enter China from any sector. Foreign companies help provide annual double-digit growth rate in the economy and also helped in raising the living standards of the Chinese people. Chinese people are also provided with better quality products and technology. As of now, there are more than 300,000 foreign-owned enterprises have invested in China with more than 25 million employers. Chinese government does not perceive foreign enterprises very positively. Foreign companies doing business in China are generally required to form joint ventures with Chinese companies instead of...
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...CHAPTER 2 ENRIRONMENTAL INFLUENCE ON ACCOUNTING DEVELOPMENT 1 2.1 Introduction In international accounting research, environmental influence is the key to understanding one country’s accounting system. "To a large extent, accounting is a product of its environment. That is, it is shaped by, reflects, and reinforces particular characteristics unique to its national environment" (Radebaugh and Gray 1997). From the late 1960s, researchers in international accounting have tried to categorize countries according to a series of criteria, which have been developed on a deductive or conductive basis. These criteria tried to explain the reasons for accounting differences between countries; they aimed to describe and compare different systems with each other in an efficient way. There are several advantages to categorize and analyze the differences among countries: First, it promotes improved understanding of the complex realities of accounting practices, as well as the factors that shape a country’s accounting regulations; Second, it provides useful information for solving some of the important accounting problems that exist in the world. For example, it can help policymakers assess the prospects and problems of international harmonization; Third, it can assist in the training of accountants and auditors who operate internationally; And finally, it can enable a developing country to better understand the available and appropriate types of financial...
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...Student ID: 1235810 English Name: Cherry Chinese name: Zhu Yuanyuan Google and Government of China A Case Study in Cross-Culture Negotiations 1. Who are the stakeholders in this case? * The owner, the shareholders and the employees of Google * The internet users * The biggest rival of engine market Baidu and other enterprises * The China government 2. What are the important issues for each set of stakeholders? * For Google itself: Google employees will be unable to work in China; This was also reflected in the stock and other areas. After the incident, the Google shares fell, the company earnings will directly affect to the global strategy. * For the internet users: Google quit from China made such adverse impact, and it’s harmful to China's international image, in the search engine industry, there has no competition, users can only use Baidu. * For Baidu: We all know Baidu is China's largest search engine company, after Google's withdrawal, No competition will make Baidu's growth rate reduced. So it has good and bad effects to Baidu's development. On one hand, Baidu can enhance its own competitiveness, the market share and the stock go up rapidly. but on the other hand, Baidu's ills on the lack of creativity are manifested. * The influence of the government: Google quit from China, the most influential image is China's investment environment. Originally foreign invest in China have been very troublesome, if even Google---such...
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...privately owned Chinese company. They began as a small distributor of imported PBX products without any telecommunication knowledge. They later made a huge breakthrough by effectively taking advantage of the technology diffusions from Shanghai Bell. This enabled them to enter the technological world. After that, Huawei began supplying gear to China’s three largest operators: China Mobile, China Telecom, and China Unicom. Huawei is currently ranked 285th on the Global Fortune 500 based on its revenue of 2013. Since then they reached a revenue of approximately 46.5 billion dollars. Their equipment is used in over 170 different countries and regions. They are well known for investing approximately 10% of their annual sales revenue into research and development and about 45% of their employees are engaged in such a sector. In order to analyse Huawei’s institutional environment we must first understand what it is. An institutional environment consists of a country’s rules, policies and enforcement processes. This in turn influences the behaviour of the individuals and organisations that operate within the country. The institutional environment can be split up into four major categories which are the economic development, the political legal dimension, the importance of instructional environment and the physical infrastructure dimension. The first category is the economic development that existed when Huawei entered the market. The Chinese economy...
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