...group, thought about the directions his company should take, he felt a bit uncertain. The company, clearly the most popular Chinese Quick Serve Restaurant (QSR) in Hong Kong and a local success, had just celebrated twenty years as a public company. This success and longevity in the cut-throat world of fast food was remarkable, but Mr. Chan did not want the company to rest on its laurels. At his meeting this afternoon with senior management, Mr. Chan planned to suggest that the company needed to move outside of Hong Kong and follow a much more aggressive plan than it had followed when it had moved slowly into China (with both Café de Coral outlets in neighboring Guangdong Province and recently New Asia Dabao in Shanghai) and also into North America (by buying into and then purchasing outright the Manchu Wok chain) over the last several years. He knew that the company needed a very clear globalization strategy in order to move to the next level of growth and to find sustainable growth opportunities away from Hong Kong. Mr. Chan had no clear plan at this point and he needed input from his managers and the Board. Mr. Chan reflected on how Café de Coral was a household name in Hong Kong and was the most popular QSR in its home market. The company dominated the market in Hong Kong and continuously improved its brand image through innovations in food preparation at its centralized food processing and distribution centers in Hong Kong and across the border in Guangdong. It also had perfected...
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...ajkushwahaPASSIVE VOICE PV 4 Change the sentences to passive voice. 1. Many people begin new projects in January 2. You must wash that shirt for tonight’s party. 3. Mum is going to prepare the food. 4. They make shoes in that factory. 5. We will have to examine you again. 6. They had finished preparations by the time the guests arrived. 7. The delegation will meet the visitors at the airport. 8. We have produced skis here since 1964. 9. All workers will read the memo. 10. Nobody can beat Tiger Woods at golf. 11. They also speak German at EU meetings. 12. We must look into the question. 13. Someone reads the newspaper to him every day. 14. The Chinese discovered acupuncture thousands of years ago. 15. Has he given you back the book yet? 16. The police locked up the criminals. 17. They must have left the keys behind. 18. The robbers made up the story. 19. The boy is eating the cake. 20. Dad promised by a box of chocolates. 21. The spider scared her. 22. The guide will show us the Natural History Museum in the afternoon. 23. The dentist is cleaning the woman’s teeth. 24. She showed her relatives the new house. PASSIVE VOICE PV 4 Change the sentences to passive voice. 1. Many people begin new projects in January New projects are begun in January. 2. You must wash that shirt for tonight’s party. That shirt must be washed for tonight’s party. 3. Mum is going to prepare the food. The food is going to be prepared by mum. 4. They make shoes in that factory. Shoes are...
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...Sarah Schulze IBUS 480 Sarah Schulze Case Study #1 * The Hofstede Cultural Dimensions comparison between the U.S and China explain the main cultural differences between the two countries. The biggest differences between the two fall within these five categories; power distance, individualism, long-term orientation, indulgence, and uncertainty avoidance. These cultural differences play a huge role when the two countries are negotiating with one another. First, the power distance dimension explains that China is a society that believes inequalities among each other are acceptable This acceptance shows that when negotiating, China will direct their attention to the individuals who are the oldest, have the highest position and who are male. An example of this difference was shown in the case when Ai Hwa Chew was not including Barb in the conversations, but instead directed his attention to Barbs male counterparts. There is also a huge difference between the two cultures when it comes to individualism. China is a very collectivist culture where people act in the interests of the group, where as in the U.S we are very individualistic. This can make negotiation hard between the two groups because in China their groups are very close knit and it is hard to become a respected member of a group. Since relationships come first in their culture, you must establish a relationship with the others before you will be able to negotiate any business deal. As we know, establishing...
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...Case study on US and Chinese culture in business life and negotiations. Sales and negotiations class 2011 Guanxi in Jeopardy – Case Study Intercultural Research In order to find out in what way the American culture of Electrowide as opposed to the Chinese culture of Motosuzhou will influence negotiation attitudes and positions, some intercultural research needs to be done beforehand. In assessing these cultures at an informal level as well as a business or formal perspective, I need to become aware that not all actions or behaviours can be directly explained by cultural differences alone. Sometimes it is a party’s incapability of correctly identifying its position or leverage points within the negotiation which causes rudeness or misunderstandings. Given that in this case (Electrowide VS. Motosuzhou) a linguistic barrier has to be overcome as well, makes finding the right conclusions even harder. Therefore I first need to have studied both cultures intensively in order to come up with a revised preparation for a new negotiation. China To start with I will talk about The People’s Republic of China. With its 1,300 million inhabitants, ancient history and innumerable traditions and customs it is perhaps the most difficult culture to study and to understand as a Westerner. Nevertheless it is a country that has intrigues us all over the course of history. Giving us many great inventions in the past and probably also in the future, as it is manifesting itself in becoming...
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...ESSAY Imagine we are walking on a crowded street in Japan; we could hardly differentiate a Japanese passerby from a Chinese passerby. An obvious reason fact for this is that both Japan and China mainland are within the same geographical area in which they are very much influenced by each other on their living lifestyles. Another reason for that is because Japanese and Chinese were interrelated in their history. In the first centuries A.D based on the Julian calendar, Japanese imported ranges of sources of ideas, production techniques and sets of material from China mainland. Stearns (2000) –‘Thus, the Japanese developed a very unique civilization from a blend of their own culture and a selective importation and conscious refashioning of the Chinese influences.’ The selecting and blending process of these two types of culture had thus resulted in the existence of both similarities and differences between them. Both Japanese and Chinese have identical features in their lifestyle, but they are very much differentiated in their diet as well as clothing. Since Japanese and Chinese are Asians, they inherited some similarities in their lifestyle in the aspect of collectivism, high-context culture and also high-power-distance which are believed to have an impact on communication as mentioned by Devito (2005). As a matter of fact, Japanese and Chinese, both practice the concept of collectivism, which can be said as a group work. Collectivism emphasizes on group goals, and success is...
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...McDonald’s are contributing to this change. What are the implications of this trend? Answers 1. There are four different implications of globalization in the food industry in China. The first implication would be the slow demise of a common understanding of an American way of eating. To be certain, families and other institutions will always have their own food traditions and preferences, and certain food items (e.g., hot dogs or hamburgers) may continue to enjoy long-standing popularity within our culture. But the idea that there will be a "commonly understood" cuisine served at critical ritual occasions such as weddings, parties or summer picnics is quickly becoming a thing of the past. One need merely consider the diversity of preparations gracing wedding menus to get a sense of what we're referring to here. Second would be those of us born after, say, the late 1990s will pick freely from a truly global palate. As part and parcel of our ongoing consumer research we routinely interview families whose young children may opt for scones for breakfast, Yakisoba for lunch, playful Japanese candy while shopping...
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...China’s budgetary system Year III Finance and Banking Balea Calin Dobrovolschi Natalia 2012 Content Introduction………………………………………………………………..pg 3 Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget Accounting …………………………………………pg 5 1. Overall and Unit Budgets…………………….…………………….. pg 5 2. Characteristics of the Chinese Budget Accounting System ….….…..pg 6 2.1 Accounting as a Budget Tool…………………….…………….. pg 6 2.2 Characteristics…………….…………………….……………… pg 7 The 1994 Budget Law………………………………..…………………… pg 8 1. Scope…….……………………………………………………….....pg 8 2. Institutional structure…………………………………………….....pg 8 3. Budget policy……………………………………………………….pg 9 3.1 General Policy…………………………………………………. pg 9 3.2 Separate Revenue System……………………………………....pg 9 3.3 Dual Budgeting System………………………………………...pg 10 3.4 Functional Classification of the Budget………………………...pg 10 3.5 Increased Budgetary transparency………………………………pg 11 3.6 Increased Effectiveness in resource utilization………………….pg 11 Further development………………………………………………………...
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...(Holdings) Limited (“Tang Dynasty”) is a well-known traditional Chinese dessert and sweets company with numbers of stores in HK and China. Tang Dynasty opened its first shop in Centre Street, Sheung Wan District in 1885, over 100 years of history. Tang Dynasty is recognized and renowned as traditional, home-style healthy desserts stores. Over the past few decades, Tang Dynasty has developed into renowned dessert chain stores, providing healthy homemade style Chinese herbs desserts to local customers as well as foreign tourists. All local customers, no matter elderly or youngster, fell in love with Tang Dynasty’s desserts. All desserts in Tang Dynasty are good to human health and made by secret recipes of the ancestor of Tangs. Each dessert addresses to different kind of functions and could help in improving human’s health in Traditional Chinese Medicine’s aspect as all desserts are made by Chinese herbs. After years of efforts and developments, Tang Dynasty has positioned them as a Leader of Traditional Chinese dessert and has won the respect and appreciation from the domestic customers and foreign tourists. Over the years, Tang Dynasty has insisted in providing fresh and top-quality desserts to its customer every day. All desserts are made daily in its own central food production workshops and to deliver to each store every morning by its logistics and transport teams. Tang Dynasty has been widely recognised as an “100 years old store” with a notable reputation in catering industry...
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...Files Owner | Type | Name | Size | Plagiarism | Upload date | Client | Additional file | art_topi...docx | 0.01 Mb | None | 09:54 26 May 2014 | Upload file attachment Please pick ONE of the topics given below: 1. Please explain the meaning of <Three Perfection>. Please explain with the aesthetic theory and achievements of two famous literati artists in Chinese art history. 2. Discuss the development of Chinese tea art from the Tang dynasty until recent times in China or overseas. 3. Describe the main features of Beijing Opera and explain why it is popular to general audience. Please discuss the special interaction between the actors on stage and the audience during the performance. attchmentCancel order5m Development of tea from the Tang Dynasty age to present day Name Institution Introduction Tea is a very common beverage all around the world. Tea is the second most popular drink in the world from water. Tea drinking is of great importance in the Chinese culture. An old Chinese saying says that the basic daily necessities are; oil, salt, rice, fuel, soy sauce, tea and vinegar. Chinese tea culture refers to the methods used to prepare tea, the occasions during which it is prepared and the equipment used to prepare the...
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...Homework Assignment: Chapter 3 and Chapter 4 NOTE: Follow the instructions for sending your homework to me that you’ll find in the Learning Module 1 Lecture Notes. START COPY HERE (Chapter 3)************************************************************ Your Name: Xin Song 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...
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...Dara Murphy 112519063 Chinese Culture Essay: There are many different aspects to Chinese culture that make it so broad and interesting. I will be focusing mainly on the more modern features to the culture and how it has changed from the traditional culture. Chinese culture is one of the oldest cultures out there today. I personally find the culture as a whole very interesting and intriguing and I extremely enjoyed learning about the ancient culture that is still ever so prominent today. It consists of many old traditions that have been carried forward into the twenty- first century. Customs and traditions do vary as your travel through the many town villages and also through the twenty- two provinces. Some of the different aspects that make up the Chinese culture that I will be discussing in this paper are the Chinese Cuisine, The one child policy, Famous Chinese Festivals, Chinese Horoscopes, Superstitions, a little bit on the Chinese Arts and Music both traditional and modern. The one thing that everybody is very familiar with is Chinese food. Nearly every human being has experienced it. What I have personally realized that on a recent trip to China, the food couldn’t have been more different. Instead of the usual sweet and sour chicken I was presented with jellyfish and ducks feet. I experienced one of the four main types of Chinese cooking, Shandong Cuisine. It consists mainly of very rich proteins such as shark fin and white funguses. There are four main ways...
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...Management Lecture Notes in Information Technology, Vol.21 The Cross-Cultural Management of Chinese Enterprises’ Cross-Border M&A--- A Process-Based Perspective Bo Xu1, Xi Jiang2, Haiyan Yan3 1 1900, Wenxiang Road, Songjiang District, 201620 Shanghai, China brianxubo@163.com 1900, Wenxiang Road, Songjiang District, 201620 Shanghai, China jiangxi-219@163.com 1900, Wenxiang Road, Songjiang District, 201620 Shanghai, China yanhelen@163.com 2 3 Keywords: cross-border M&A; cross-cultural management; M&A process Abstract. This paper aims to investigate Chinese enterprises’ cross-culture management issues from the perspective of three stages of before, during and after the cross-border merger and acquisition. It proposed an analytical framework of cross-culture management under which the major focus was on the cultural distance measure, the choices of negotiation/information disclosure, integration mode selecting, culture conflict/ integration and culture innovation in the process of Chinese enterprises’ cross-border M&A. 1. Introduction According to the “China's Foreign Direct Investment Statistical Bulletin 2010”, China's foreign direct investment, the amount of direct investment, in the form of M&A, reached $29.7 billion in the fields of mining, manufacturing, electricity production/supply, professional technical services and financial sector in 2010. From the report of Chinese enterprises overseas mergers and acquisitions of PricewaterhouseCoopers, the number of transactions...
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...Norman Bethune (Norman Bethune, March 3, 1890 - November 12, 1939), the Communist Party of Canada, internationalist, famous department of thoracic surgery physicians. Hearst was born in 1890 in Ontario Province town of graven Canada in 1935 to join the Communist Party of Canada, 1938 Chinese came to participate in the Anti Japanese revolutionary, died of illness in 1939. He is in a year and a half China work to make painstaking efforts China Anti Japanese revolutionary, Mao Zedong called it is a noble person, a pure person, a moral person, one from the vulgar person, a benefit to the people.All Chinese people,Dr.Bethune is a hero. In March 3, 1890, Henry Norman Bethune was born in the northern province of Ontario, Canada . Bethune was brave...
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...Yemen. Frist I am going to list the public holidays about China and later in my research I will list the holidays in Yemen Public holidays in China There are currently seven official public holidays in China. There was a major reform in 2008, abolishing the Labour Day Golden Week and adding three traditional Chinese holidays (Qingming Festival, Duanwu Festival, and Mid-Autumn Festival). A notable feature of mainland Chinese holidays is that weekends are usually swapped with the weekdays next to the actual holiday to create a long vacation period. January 1 New Year 元旦 Sun 1-Tue 3 January[ 1st day of 1st lunar month Chinese New Year 春节 Sun 22-Sat 28 January] 5th solar term (April 4 or April 5) Qingming Festival 清明节 Mon 2-Wed 4 April May 1 Labor Day 劳动节 Sun 29 April - Tue 1 May 5th day of 5th lunar month Dragon Boat Festival 端午节 Sat June 23 15th day of 8th lunar month Mid-Autumn Festival 中秋节 Sun September 30 October 1 National Day 国庆节 Mon 1–Wed 3 October Transferred holidays In all these holidays, if the holiday lands on a weekend, the days will be reimbursed after the weekend. The Chinese New Year and National Day holidays are three days long. The week-long holidays on May (Labor) Day and National Day began in 2000, as a measure to increase and encourage holiday spending. The resulting seven-day holidays are called "Golden Weeks" (黄 金周), and have become peak seasons for travel and...
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...According to the Learning Cubic Model (Boisot & Fiol, 1987), which depicts teaching styles with three dimensions (conceptual versus practical, individual versus collective, and under instruction versus via self-study), the typical Chinese teaching-learning pattern fits the conceptual-individual-under instruction style. It shows that Chinese students are accustomed to and prefer the way of studying as separate individuals under the detailed instruction of their teachers focusing mainly on theoretical topics. They expect and are expected to listen to, to take notes of, and to copy what their instructors say and write. The concepts of high power distance and filial piety affect the interaction between teachers and students. Chinese teachers have the authority and they deserve respect from students. Instructors are treated as authority figures second to students’ parents and their authority is not challenged (Siu, 1992). The principle of filial piety teaches students to keep silent and be passiveness in front of authority figures (Ho, 1996). “Chinese instructors demand silence in class; no questions” (Alon & McIntyre, 2005, p. 200). The collectivistic societal orientation is also a typical feature of Chinese education and it affects educational practices. Collective cultures typically prefer a high-context form of communication that emphasizes...
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