...MUJI Case Study in China, Korea, and Japan Professor: Chun Zhang Date: 03/15/2014 Team Member: Anqi Liu Jiayuan An Jing Zhou Rui Zhao Dongyang Zhang Table of Contents: Introduction……………………………………………………………………………3 Company and Product…………………………………………...……….……………3 Evaluating Market Attractiveness…………………………………………………..4 Country Identification…………………………………………………………………5 Political Risk………………………………………………………...………………..5 Environmental Factor………………………………….……………..………………6 Preliminary Screening…….………………….…………………….……………….6 Country Rankings……………………………….……………………………………7 Cost of Transportation………………………….…………………….………………8 In-Depth Screening Criteria………………….………….….………………………8 Market Size and Growth………………………..……………..………………………9 Competitive Intensity…………………………..………………...……………………9 Segmentation……………………………………………….….……………………10 Appendix………………………………….…………………………………………12 Work Cited……………………………………..………………….………………...14 Introduction MUJI is distinguished by its design minimalism, emphasis on recycling, avoidance of waste in production and packaging, and no-logo or "no-brand" policy. The name MUJI is derived from the first part of Mujirushi Ryōhin, translated as No Brand Quality Goods. If people say it is a brand, it is better to say MUJI is a philosophy of life. MUJI does not emphasize the so-called fashion sense or personality nor endorses popular brands should raise his status. On the contrary, MUJI is coming from the consumer point of view to develop products that "plain handy". ...
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...Executive Summary MUJI is owned by Royhin Keikaku Co., Ltd., whose headquarter is located in Japan. It was established in 1989 and listed in Tokyo Stock exchange on 14/12/1998 (http://ryohin-keikaku.jp/) as in Retail Trade industry. MUJI has over 7000 products ranging from clothes, household articles and food. MUJI aimed to develop and promote low price and high value products to customers. There are about 379 stores in Japan and 153 stores in Asia, Europe and North American. The company has six different types of businesses, which includes MUJI product business, The Café and Meal MUJI, MUJI Campsite Operation, MUJI Flowers, MUJI House and IDEE. The operating revenue for fiscal year ending Feb 2011 amounted to is 145,800 (million yen). Considering solely on the Asia region, operating revenue amounted to 10,964 million yen, increased 27% YoY. Operating profit margin is increased by 1243 (Million yen), up by 67% compared to the previous fiscal year. The growth of the figures in Asia is mainly due to the fast expansion of MUJI China. The economy of Macau has grown rapidly since the liberalization of the Casino license. Comparing to the year 2010, GDP has grown from 2,262 (million MOP) to 2,921 (million MOP). Such strong growth is partly contributed by an increase in retail sales (up 41.7%) and tourist expenditure (up 20.0%). The above chart shows the retail performance between 2007 and 2011. There is a common urban legend that department store sells exactly the same product...
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...Communist China. Being that it was, and still is, the most inhabited country in the world, China becoming a communist country affected millions of people almost instantly. Many of the traditional traditions and practices of the Chinese people were left behind as Mao’s “Cultural Revolution” was instituted across the country in 1966. During the Cultural Revolution of China, the country and its citizens experienced strict authority control with the military and the state functioning together to govern the people. The switch from traditional China to this Cultural Revolution was swift and hasty, causing much death and trouble for the Chinese people. Because of these facts, there are many people who judged the New China governed under the socialist ideas of Mao. One of these critics is the Chinese-American novelist, Ha Jin, who denounces the Cultural Revolution of China in his novel entitled Waiting. In his novel, Ha Jin addresses and brings to light the affects of Mao’s rule on the Chinese people and the country as a whole. The novel starts in 1966 and takes place during the Cultural Revolution. “Cultural conflict is the center of this novel, where two worlds collide in the story of a man seeking a divorce from his wife by an arranged marriage: the ancient feudal culture of China and the world of the Cultural Revolution led by Chairman Mao” (Moore, 124). Through the locations, settings, and characters, Ha Jin illustrates the differences between the Old China and the New China for his...
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...Activity number 6 Eduardo Jose Garcia Nieves Atlantis University International Business Miami, Estados unidos 2015 Veronica Doria Research a firm that has recently announced a joint venture in India or China. What is the nature of the firm’s partner in the joint venture? Why do you think this firm was chosen as a joint venture partner? From my point of view, the nature of a joint venture is a common goal between this 2 o more companies. For example, according to http://www.muji.com/us/news/2015/20150618_01.html Ryohin Keikaku agreement of joint venture with Reliance Brands Limited. The purpose is make profit. Reliance Brands Limited is part of Reliance Industries Group. Its operations began in October 2007 with the purpose to launch and build international and domestic brand equity in the premium to luxury segment across apparel, footwear and lifestyle business. Today its current portfolio of brand partnerships includes BCBG Max Azria, Brooks Brothers, DC SHOES, diesel, etc. In other hand, the MUJI is a company that sell many products from goods and food until clothes. So, these companies made this union because they have the purpose to smooth launch MUJI's products in the India's market, due to MUJI is a new company for Indian people, and at the same time helps Reliance Brands Limited to make more business (making more profit that already have, and having more companies in its portfolio). Thus, they have a common goal, and they will achieve as a joint...
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...MAN105- Principles of Marketing Final Marketing Plan December 12, 2010 Company: Sanrio Co. Ltd. I. Executive summary Hello Kitty was the name of a cartoon cat developed in 1974 by Sanrio Co. Ltd. (Sanrio), a Japanese company that sold character-branded goods in Japan and other parts of the world. Sanrio initially used the character to adorn petty merchandise like coin purses and pencil boxes targeted at small girls. However, after Hello Kitty became hugely popular, Sanrio extended the brand to a variety of other products. Sanrio Company, Ltd., based in Tokyo and with distribution throughout Japan and Southeast Asia, the Americas and Europe. In the Americas today, over 4,000 stores to sell Sanrio character merchandise. This includes Sanrio boutique stores Sanrio merchandise has many different kinds of categories including stationery, school supplies, bags, accessories, room décor, candy, and plush characters. The global toys and games market grew by 2.7% in 2008 to reach a value of $60.8 billion. In 2013, the global toys and games market is forecast to have a value of $69.1 billion, an increase of 13.7% since 2008. Sanrio’s marketing strategy is to raise the sale revenues in the increasing market condition as well as to maintain our loyal customers and attract more male customers; Sanrio will create different kinds of images of products to fit into different range of age, and repackage the old neutral characters such as Badtz-Maru (a male penguin), Keroppi(a frog), Shinkansen...
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...admit to his crimes that he did not commit. He agreed to sign the papers against his will so he and Fenjin can get out of the prison. When they got out of the prison, Mr. Chiu and Fenjin ate from one restaurant outside of the prison to another. After a month, over eight hundred people contracted acute hepatitis and six died of the disease in Muji. The central idea of this story is that revenge leads to the destruction of oneself and others. The main character in the story is Mr. Chiu. He is newly married. He is an educated man, a professor lecturer at the Harbin University. The narrator describes him as a “scholar, philosopher and an expert in dialectical materialism” (662). He represents the intellectuals who were despised during the Cultural Movement in China. He is ill and suffering from hepatitis and a heart disease. He is disgusted with the policeman who intentionally spilled tea on his and his wife’s feet and falsely accused by the police. “You’re a saboteur, you know that? You’re disrupting public order” the young police added (661). The police Mr. Chiu and imprisoned him for days. During the Cultural Movement, people in China were oppressed. People were prosecuted for crimes they did not commit and either people get killed, tortured and sent to prison. In order to get out of the prison, he was forced to admit false accusations by the police. He was full of anger due to the lies that the police imposed on him. In the book, “Anger was flaming up in his chest; his...
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...http://ivythesis.typepad.com/term_paper_topics/2009/09/what-makes-uniqlo-as-a-popular-casual-wear-brand-in-hong-kong.html What Makes UNIQLO a Popular Casual Wear in Hong Kong? EXECUTIVE SUMMARY This report is about UNIQLO, a leading casual apparel retailer in the world. UNIQLO’s success was remarkable. UNIQLO is a combination of the words unique and clothing. Perhaps the reason why UNIQLO is popular in Japan, China, the United Kingdom, Korea, Hong Kong and now in the United States is because of its uniqueness. UNIQLO offers high quality, fashionable clothes at a very affordable price. This report will discuss the reasons behind UNIQLO’s success and popularity. This report will discuss UNIQLO’s history, its business structure and the characteristics of the Japanese and Hong Kong retail industry. In addition, this report will also analyze the company’s Strengths, Weaknesses as well as the Opportunities and Threats that it deals with. Lastly, this report will discuss UNIQLO’s growth strategies and its plans to achieve its goal of becoming a global brand that transcends cultural boundaries. TABLE OF CONTENTS Page Number Executive Summary 1 Introduction 4 Industry Analysis Japanese Retail Industry 5 ...
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...Uniqlo chief admits defeat on higher pricing strategy Uniqlo: * Japanese casual wear designer, manufacturer and retailer. * Created in 1949 * The brand was a men’s shop at it’s beginning and started selling unisex casual wear in 1984. * Owned by Fast Retailing Co. since 2005 * Tadashi Yanai (Fast Retailing) / Japan’s richest person * They operate in 16 countries globally including Japan with almost 1,600 stores, Canada being the latest country Uniqlo plan to enter in Fall 2016, United Kingdom and China being the first. * Name UNIQLO : Unique-Clothing -> Uniclo -> However, in 1988, during work between Hong Kong and the brand, staff in charge of registration misread the "C" as "Q", and that is how the brand name was born, changes through all Japan Strategy in Japan: Evaluation of the company’s strategy in Japan: What they did good * Uniqlo is known for Developing Products of Exceptionally High Quality * Product Development Based on Customer Feedback ex: HEATTECH products refined each year based on customer feedback * Material Procurement from Around the World high-quality materials at low costs * Also known for their good consumer services / in-store experience is over-the-top ex: All retail associates at Uniqlo stores worldwide are trained to hand your credit card and receipt back with both hands, as it is common in Japan. * Becoming Japan's Top Brand by Expanding Urban Market Share * Boost Market Share in Promising Urban...
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...What the Men in Uniform Say Goes Ha Jin bridges a literary gap between America and China with his Chinese based literature. Jin was born and raised in China during the time period Mao Tse-tung, but moved to America as an adult. Rather than depicting his life through an autobiography, he utilizes short stories to dictate his life experiences. In the short story “Saboteur”, Ha Jin depicts how a corrupt legal system can commit any action without repercussions. Jin provides an abundant amount of examples of demoralization occurring within the walls of justice from the start of the story to the finale. The story begins as a serene lunch between newlyweds at a train station. Mr. Chiu and his wife are on the receiving ends of mockery by two police officers. Right from the beginning the reader can comprehend that the officers are disrespectful. The average person knows that it is discourteous to laugh and steal glances at the person he or she is laughing at; one would hope that someone who is supposed to protect the public would respect those who they are attempting to defend. The mood for the scene is set in play as Jin writes “The air smelled of rotten melon” (163). Granted, they are located in an area where various food stations are located, however, the melon reference delivers the message that foul play is present. The rotten smell gives an uneasy, queasy vibe. Note that the author mentioned that air is filled with the odor, rather than a particular area, which is interpreted...
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...Introduction to the case 2 2 Critically and systematically analyse the global strategic advantages of IKEA 3 2.1 Branding , designer appeal 3 2.2 Critical mass, low cost, low price 3 2.3 Quality, green credentials 3 2.4 Global appeal, local sensitivity 3 3 What were the key challenges that IKEA faced in a) China and b) Japan? 4 3.1 Key challenges faced by IKEA in China 4 3.1.1 Cultural 4 3.1.2 Structural 4 3.2 Key challenges faced by IKEA in Japan 4 4 Critically discuss the marketing strategies used to address the challenges the company faced in China and in other markets. 6 4.1 China 6 4.2 Other markets 7 5 Discuss and justify what IKEA’s marketing strategies should be in the future in these two markets. 8 5.1 China 8 5.2 Japan 8 6 Conclusions 9 7 Bibliography 10 1 Introduction to the case From humble origins in the woods of Sweden in 1926, IKEA has developed into a major retail experience in 41 countries / territories around the world, with a current turnover of €23.1 Billion (IKEA, 2010). This case study explores the establishment and development of IKEA’s retail ventures in China and Japan – its first moves outside westernised countries and its first significant retail activity in Asia, despite substantial sourcing activity in the region, and discusses how IKEA might continue its market development in these territories. 2 Critically and systematically analyse the global strategic advantages of IKEA...
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...Internationalization of IKEA in the Japanese market and Chinese markets Tutor: Authors: Group: Date: Leif Linnskog Wannapa Chaletanone (05-11-1982, Thailand) Wanee Cheancharadpong (03-09-1983, Thailand) 2022 June 4, 2008 Master Thesis EFO705, 10 points (15 credits) – Spring 2008 International Business and Entrepreneurship – MIMA Program School of Sustainable Development of Society and Technology Abstract Date June 4, 2008 Level Master Thesis EFO705, 10 points (15 credits) Authors Wannapa Chaletanone (05-11-1982, Thailand) Wanee Cheancharadpong (03-09-1983, Thailand) Title Internationalization of IKEA in the Japanese and Chinese markets Supervisor Leif Linnskog Problems Why did IKEA internationalize into Japanese and Chinese markets? And what factors did influence IKEA’s success in Chinese market but failure in the Japanese market of the first round? Purpose The aim of thesis is to understand the internationalization of IKEA in Asia by comparing between Japanese and Chinese markets. Method This master thesis based on qualitative approach in order to investigate the internationalization of IKEA in Asian markets as a case study since it is beneficial in understanding the observation and explanation of behavior in the certain cases. Conclusion IKEA is considered as retailer internationalization who expands into Japanese market as a result of deregulation and asset-based advantage while internationalize...
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...CHAPTER I INTRODUCTION & THEORETICAL BACKGROUND OF THE STUDY 1 1.1 Introduction in to the topic and justification for choosing the topic A market potential forecast is a core component of a market analysis. It projects the future numbers, characteristics, and trends in your target market. A standard analysis shows the projected number of potential customers divided into segments. The facts are sobering: the majority of small businesses fail within five years of starting up. While there are many reasons that businesses fail, including some that have nothing to do with an owner's skills, it’s also possible that many of those same businesses collapsed simply because they couldn’t get enough customers to buy their product or service. In other words, the owners founded their business on a strategy of “build it and they will come” where, unfortunately, the customers never came. In fact, a recent study undertaken by the Blackbox seed accelerator found that many tech start-ups failed because they focused more on their product than on their potential customers. 1.2 Ask the right questions As a first step to determining the potential market for your new product or service, you want to focus on asking a couple of questions of yourself first, says Victor Kwegyir, a business consultant, business motivational speaker, and author of The Business You Can Start: Spotting the Greatest Opportunities in the Economic Downturn. Some of the questions you may want to begin with,...
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...Best Retail Brands Founded in 1974, Interbrand is one of the world’s largest branding consultancies. With nearly 40 offices in 26 countries, Interbrand’s combination of rigorous strategy, analytics and world-class design enables it to assist clients in creating and managing brand value effectively across all touchpoints in all market dynamics. Interbrand is widely recognized for its Best Global Brands report, the definitive guide to the world’s most valuable brands, as well as its Best Global Green Brands report which identifies the gap between customer perception and a brand’s performance relative to sustainability. It is also known for having created www.Brandchannel.com, an international online exchange and resource about brand marketing and branding. For more information on Interbrand, visit www.Interbrand.com. For more than 30 years we have been creating retail brand experiences for companies around the world. Interbrand Design Forum’s talent for game-changing innovation spurred us to create a business model that integrates analytics-based strategy into what began as a design and architecture group — the first and only company with such a comprehensive offering. Our broad range of services includes: retail design, brand strategy, shopper sciences, packaging, digital, documentation and rollout. This unique ability to address retail’s growing complexity has led many of the world’s top companies to our doorstep and propelled Interbrand Design Forum to the forefront of...
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...0 Mälardalen University MIMA-International Business and Entrepreneurship School of Sustainable Development of Society and Technology EFO705 Master Thesis The internationalization process of Red Bull from the perspectives of global expansion Group 2263: Karakawat Sarasalin 830117 Thitiporn Watthanachai 831031 Supervisor: Jean-Charles Languilaire 23rd November 2009 1 Abstract Date: 23rd November, 2009 Level: Master Thesis in International Business and Entrepreneurship (EFO705), 15 credits Authors: Karakawat Sarasalin (830117-T255) Thitiporn Watthanachai (831031-T124) ksn08001@student.mdh.se twi08001@student.mdh.se Title: The internationalization process of Red Bull from the perspectives of global expansion Supervisor: Jean-Charles Languilaire Problem Statement: How did RED BULL manage to be as an important central international market player? Purpose: The purpose of this research is to describe the internationalization process of Red Bull; how Red Bull created, sustained and developed? Method: We mainly use secondary data and the qualitative data. Qualitative data in the form of interview questions through e-mailing. But we also use quantitative method based on documental research from books and internet. Conclusion: Red Bull does not follow the standard pattern of establishment chain presented in the Uppsala model. Its establishment chain is composed of three stages: licensing ,wholly owned sales subsidiaries and jointed venture...
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...Executive Summary The aim of this paper is to discuss the key strategic issues that LVMH faced in Japan and established some future recommendations that can be implemented in order for LVMH to remain successful in the luxury industry. In order to determine the key strategic issues a number of analysis tools were applied to the case study; they include Porter's 5 forces model and SWOT analysis. Louis Vuitton Moet Hennessy, a luxury goods provider is looking to expand their brand dominance in Japan. In the Japanese, LVMH has to deal with economical and cultural uncertainties, the threat of counterfeit products and the relatively high competition, and finally changing tastes of Japanese consumers. LVMH should use their core competencies and limit their weaknesses to overcome the challenges that face the company in Japan. To face their first challenge of economical and cultural, as well as changing tastes uncertainties, the company can hire new designers to develop Asian inspired products. They could also embed the European way of living into the Asian lifestyle. The challenge of eliminating counterfeit products can be combated by creating a unique shopping experience for LV’s customers, and shutting down large counterfeit operations, by cooperating with Chinese and Korean Government Agencies in reducing counterfeit products. Table of Contents Introduction 4 Weak economy 5 Changing taste 7 Competitors 8 Competition – Porter’s 5 forces analysis...
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