Premium Essay

The Expansion of Asia

In:

Submitted By yoscoups
Words 968
Pages 4
Ever since the victory of the USA over the USSR during the cold war, the United States has become the symbol of power and has started to rule the world. Indeed, the American way of life has spread throughout the entire globe, impacting the traditions of so many cultures and countries in general. East Asia on the other hand, were on the verge of collapsing. Indeed, the Korean War made hundreds of thousands of dead and destroyed the country entirely, making it prone to reconstruction, Japan was hit by the nuclear bomb which impacted its economy and China was still a communist country with a political system that gave no rights whatsoever.
However, the tables seem to turn these past few years as the United States is collapsing little by little, and East Asia got more and more acknowledged as an international power
The United States of America, which was always known as the principal source of power has known its downfall since the 9/11 bombings, which proved that the country wasn’t indestructible. Indeed, that event was a breach to the political force that was America, making it more vulnerable and breakable. Also, the country’s government has been involved by issues such as the Syrian issue, and much more which lowers its trust in the eyes of the citizens. Things don’t seem to get better even with the change of presidents in 2008.
Another controversy about the United States is the economic crisis hitting the country. Walter Adams explained that “reports on the state of the American Economy are filled with anxiety and unease” (1). Job growth has been minimal with unemployment rate being at 6%. The difference between the social classes is enormous as the United States holds some of the poorest people and also richest people in the world. After the crisis, a lot of companies are operating at loss, not making any benefit at all. Newcomer companies struggle to find a

Similar Documents

Premium Essay

Beyond Tokyo: Disney’s Expansion in Asia

...Beyond Tokyo: Disney’s Expansion in Asia 1) The cultural challenges are posed by Disney’s expansion into Asia are limited attractions based on size and local regulations, hot weather, and high ticket prices. Cultural barriers happened such as the decision to serve shark fin soup, a local favourite, greatly angered environmentalist. For example, the decision to serve shark fin soup, a local favourite, greatly angered environmentalists. It is different in Europe as they have more choices for food because there are more countries in European group. Disney guests in Europe faced problems getting too closed or pressing around those who left too much space between themselves and the person in front. But it’s quite normal in Asian countries due to their population Hong Kong Disneyland only has 16 attractions and one classic Disney thrill ride, Space Mountain, compared to 52 at Disneyland Resort Paris. Weather in Europe tends to be cooler and their currency is higher than Hong Kong currency so people probably find the ticket cheaper. 2) Cultural variables influence the location choice of theme parks around the world because they are important factors to determine whether the parks will become successful or not. To locate a theme park they have to think whether people in the country will like this kind of theme park and will go for them or is it suitable for this county to locate this theme park. People who built the theme park needs to account the factor that whether...

Words: 383 - Pages: 2

Premium Essay

Black Canyon Coffee

...to be one of the biggest business chain in Thailand. The paper will focus on how Black Canyon coffee manage to deal with the cultural challenges that faced during their expansion and how their procedure was difference from their competitor. The paper also talks about the ethical consideration that the company had to face during their expansion. Finally, the paper will discuss about the probability of black canyon Coffee in meeting their goals. Black Canyon Coffee Black Canyon Coffee (BCC) is one of the biggest business chains in Thailand. The business started about ten years ago (in 1993) with a single location in Bangkok. The beginning was difficult because none of the stakeholder was specialise in coffee and they had to face a big completion with company like Starbucks. Somehow, Pravit, founder of BCC, manage to build up a successful company despite his lack of knowledge on coffee and food. BCC is now looking for a worldwide range of customers and have already started their expansion in Asia. The successful story of BCC did not happen without any difficulty. BCC had to face several cultural challenges during their expansion and there was also many ethical concerns to take into consideration. Cultural challenges to the expansion of BCC Bcc started its expansion in Thailand before thinking of starting a cross border business. It was easier for the company because they knew the culture very well since the members of...

Words: 1318 - Pages: 6

Premium Essay

Essay

...between a country in home country region and foreign country region. Therefore, adjacent markets are more likely to be similar to one another in in terms of business environment than home and foreign markets. More specifically, referring to the table 1 in the Rugman’s research, amongst fortune 500 firms, many have much higher intra-regional sales than foreign sales. This means that truly global, having penetrated the global market, multinationals are not common. Second, similar market environment within certain regions makes the exchange of products and services take place within a region than around the world. Based on the double diamond framework, the implication is that there are primary factors that affect a corporation’s market expansion: factor condition (resources), demand condition (customers), government condition and supporting industries (supply chains). If these primary factors share lack of commonality, it is unlikely for the firm to achieve...

Words: 3158 - Pages: 13

Premium Essay

G6 Alliance to Expand Coverage to Compete with P3

...The G6 Alliance unveiled plans today to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three largest carriers, Maersk, Mediterranean Shipping Co. and CMA CGM. The G6 carriers — Hapag-Lloyd, NYK, OOCL, Hyundai Merchant Marine, APL and MOL — will deploy 240 container ships serving 66 ports in Asia, America and Europe. The alliance plans to complete the expansion of services by the second quarter of 2014, pending regulatory approval, to coincide with the launch of the P3 network on the Asia-Europe, trans-Atlantic and trans-Pacific routes. Details on port coverage will be announced at a later date. The lines, which currently cooperate on the Asia-Europe and Asia-U.S. East Coast routes, will operate 76 vessels covering 12 services connecting 27 ports in Asia and on the West Coast of the United States. A further 42 ships will operate five trans-Atlantic services, including two pendulum services, calling at 25 ports in the U.S., Canada, Panama, Mexico, the Netherlands, the U.K., France, Belgium and Germany. “The proposed expansion will complement our existing services in the Asia–North America East Coast and Asia–Europe trades, allowing us to deploy the most suitable ships for each loop across the trades,” the G6 carriers said in a joint statement. “With greater service flexibility and operational synergies, the G6 alliance will have an even more resilient and...

Words: 379 - Pages: 2

Premium Essay

Brazil Group Project

...International Expansion Report Tesla Motors, Inc. November 21, 2011 Rio Consulting Group Michael Dawes James Hadel Daniel Ma Simon Qin International Expansion Report | Tesla Motors, Incorporated | Rio Consulting Group Executive Summary Founded in 2003, Tesla strives to design, develop, manufacture and sell high-performance fully electric vehicles and advanced electric vehicle powertrain components. Currently, Tesla’s presence internationally is limited to dealerships in Europe and a minor production plant in Britain. In order to be best positioned moving forward, we recommend expanding into Latin America and Asia Pacific to better fulfill CEO Elon Musk’s primary goal to commercialize electric vehicles all the way to mass market. As we predict slow growth for the standard auto industry, we believe the electric vehicle industry is extremely attractive for several reasons, including high oil prices, less greenhouse gas emissions and government incentives. Our best estimates suggest the electric vehicle industry will have average growth rates of 35 – 40% over the next 10 years. International expansion, if done correctly, can help improve upon Tesla’s current strategic position in order to become the global leader in electric vehicles. We have determined that the optimal points of entry for the market are in Brazil and Singapore. In addition to gained access to the two fastest growing regions in the segment, the two locations are attractive for many political, economic,...

Words: 12486 - Pages: 50

Premium Essay

Cn Railway

...Table of Contents Executive Summary 3 Issue Identification 4 Slowing Growth in NAFTA Trade 4 Continuation of NAFTA Strategy versus Expansion into Latin America 4 Taking Advantage of Economic Growth in Asia and Emerging Markets 4 Expanding Overseas 4 Environmental & Root Cause Analysis 5 Slowing Growth in NAFTA Trade 5 Continuation of NAFTA Strategy versus Expansion into Latin America 5 Taking Advantage of Economic Growth in Asia and Emerging Markets 5 Expanding Overseas 6 Alternatives and/or Options 6 Slowing Growth in NAFTA Trade 6 Continuation of NAFTA Strategy versus Expansion into Latin America 6 Taking Advantage of Economic Growth in Asia and Emerging Markets 7 Expanding Overseas 7 Recommendations and Implementation 7 Slowing Growth in NAFTA Trade 7 Continuation of NAFTA Strategy versus Expansion into Latin America 7 Taking Advantage of Economic Growth in Asia and Emerging Markets 8 Expanding Overseas 8 Monitor and Control 8 Executive Summary Since Canadian National Railway Company (CN)’s privatization by the Canadian government in November 1995, CN has not stopped growing its sales, profits, cash flow and, as a result, market value. Privatization and deregulation of the rail industry led to some of CN’s success, but CN had to cut costs and increase revenues. Cutting costs meant reducing workforce and closing or selling unprofitable tracks. It also meant investing in more efficient rail equipment and technology. Increasing revenues required focusing...

Words: 1676 - Pages: 7

Premium Essay

Apple Inc

...Apple Inc. Company Overview: Apple Inc. is an American multinational corporation that designs and sells consumer electronics, computer software, and personal computers. The company's best-known hardware products are the Macintosh line of computers, the iPod, the iPhone and the iPad. Its software includes the Mac OS X operating system; the iTunes media browser; the iLife suite of multimedia and creativity software; the iWork suite of productivity software; Aperture, a professional photography package; Final Cut Studio, a suite of professional audio and film-industry software products; Logic Studio, a suite of music production tools; the Safari web browser; and iOS, a mobile operating system. As of July 2011, Apple has 364 retail stores in thirteen countries, and an online store. It is the largest publicly traded company in the world by market capitalization, as well as the largest technology company in the world by revenue and profit, more than Google and Microsoft combined. As of September 24, 2011, the company had 60,400 permanent full-time employees and 2,900 temporary full-time employees worldwide; its worldwide annual revenue in 2010 totaled $65 billion, growing to $108 billion in 2011. Headquarter: The Apple Campus is the headquarters of Apple Inc., a consumer electronics and PC corporation, located in Cupertino, California. The facility is referred to as a campus because its design resembles the campus of a university, with the buildings arranged around green spaces...

Words: 1591 - Pages: 7

Premium Essay

Banyan Tree

...HKU774 CATHY ENZ ALI FARHOOMAND BANYAN TREE: SUSTAINABILITY OF A BRAND DURING RAPID GLOBAL EXPANSION Within the next five years, if we play our expansion card right and we manage our growth properly, we have a reasonable, credible opportunity to become one of the top two or three dominant players in a global space which is very niche but nevertheless very global. - K.P. Ho, CEO of Banyan Tree Holdings Limited1 On 14 August 2006, exactly two months after its initial public offering (“IPO”), Banyan Tree Holdings Limited announced second-quarter results for the period ending on 30 June. Revenue had more than doubled to S$71.42 million, largely due to recovery following the 2004 Indian Ocean tsunami. The company felt that this was only the beginning, however, and had earmarked part of the IPO proceeds to finance an ambitious expansion plan. At the core of its business development plan was a proposal to open 21 new resorts3 over four years that would span non-Asian territories from Greece to Mexico. Banyan Tree CEO Ho Kwon Ping’s vision was to “string a necklace [of Banyan Tree properties] around the world”. The Asian Financial Crisis of 1997, the SARS crisis of 2003 and the Indian Ocean tsunami of 2004 had taken their toll on the travel and tourism industry [see Exhibit 1]. Although recovery was on the horizon, Ho understood the need to diversify risks across geographical regions and the IPO provided the finances to venture out of familiar territory. Two...

Words: 15794 - Pages: 64

Premium Essay

Zara

...Introduction............................................................................................................................................. 1 1. 2. Problem statement.......................................................................................................................... 1 Alternatives ..................................................................................................................................... 1 2.1. 2.2. 2.3. 3. Europe ..................................................................................................................................... 1 North America ......................................................................................................................... 2 Asia .......................................................................................................................................... 2 Issues ............................................................................................................................................... 2 3.1. 3.2. 3.3. 3.4. Cultural distance...................................................................................................................... 2 Administrative distance ........................................................................................................... 3 Geographic distance ................................................................................................................ 3 Economic distance ........

Words: 1492 - Pages: 6

Free Essay

Why Does Japan Become Involved in World War Two?

...Why does Japan become involved in World War Two? Japan’s involvement in World War II was not focused on the conflict in Europe; rather it was focused on its own expansion into surrounding countries and the consequences that arose from this. More specifically Japan entering World War II was caused due to Japan’s attempt to conquer China and its continued march on East and South-east Asian territory. Japan’s expansion and entering World War II is closely linked due to key reasons including: Japan’s need for resources/land, imperialism/expansionism and military control. Japans need for natural resources in early war years is one of the driving factors in why they became involved in World War Two. Japan is a highly populated island country with little to no resources and also with a rapidly increasing population. This made Japan very trade reliant with other countries mainly consisting of the United States for oil and raw metals. The constant reliance of importation of raw materials to maintain its economy worried Japan. When the depression hit in the late 1920’s “more than forty countries raised tariffs on Japanese goods”. Since Japan was so reliant on trade they were forced to act in the form of securing natural resources for themselves. This meant the expansion into China. In 1931 Japan invaded Manchuria. Japan believed Manchuria offered many natural resources and it boasted nearly 200,000 square kilometres for her growing population. The Mukden Incident was the excuse the...

Words: 962 - Pages: 4

Premium Essay

Strategic Planning & Management

...assignment, a well-known organisation within the hospitality, events and tourism industry – Shangri-La Asia Limited (SLA) is chosen to conduct a SWOT analysis and potential strategic through the use of TOWS matrix. To further accomplish the learning outcome of this assessment, external and secondary research had been carried out through the use of internet, books and journal in completing the report. The SWOT analysis of Shangri-La Asia Limited is further divided into sections. In strength and weakness, it described the brand reputation of the company and its difficulties in expansion on different culture market respectively. Moreover, opportunities and threats is further been analysed into the growing demand of market and increasing labour cost in Mainland China. Furthermore, a TOWS matrix is created and potential strategic is strongly analysed based on the SWOT analysis. As such, it also look into strategic for Shangri-La Asia Limited (SLA) in overcoming the difficulties in culture difference and taking advantage of its brand reputation for expansion. Lastly, strategic such as being cost effective and revising job description of position is been look into. Table of Contents Executive Summary 1 Introduction 3 Analysis 4 Company Overview 4 Company History 4 SWOT 5 Strength 5 Strong brand image and reputation 5 Business geographically diversified in Asia-Pacific 6 Weakness 7 Difficult in expanding market across different culture market 7 Increasing...

Words: 3982 - Pages: 16

Premium Essay

Teladoc Core Competencies

...Teladoc is planning to expand telehealth products to the global telehealth market. The key personnel selected for the expansion project include a Project Manager, the Chief Operating Officer & Chief Finance Officer, Chief Medical Officer, Chief Technology Officer, Chief Marketing Officer, and Chief Legal Officer. There are some positions that may be outsourced to ensure compliance with current labor and finance laws of Canada or East Asia. While conducting research on the health care systems in East Asia and Canada, an accountant firm and legal office were identified as potential candidates to fulfill the positions. The project manager position for the expansion project will be held by myself. I have about 22 years of project management experience. I have managed numerous project outside of the United States, valued at over $5,000,000 million USD. I also possess about 15 years of leadership experience ranging from small project teams of eight personnel to large departments with over 150 employees. The Chief Operating Officer & Chief Financial Officer is Mark Hirschhorn. Mark has over 25 years of financial management experience and is responsible for advancing Teladoc’s financial infrastructure and strategic direction (Teladoc, 2017). He is a Certified Public Accountant and a member of the American Institute of Public Accountants. Mark is critical part of the expansion team as he provides the financial and operations management knowledge to the team. The Chief Medical Officer is...

Words: 1508 - Pages: 7

Premium Essay

Majestica Hotel in Shanghai

...Industrial Holdings. Majestica Hotels Inc. was one of the world’s leading operators of luxury hotels. The expansion into mainland China had been on management’s agenda since 1999. The opportunity emerged in late 2003 when a close friend of Majestica’s chief executive officer (CEO) revealed that CPS was looking for an operator for its new luxury hotel under construction in Shanghai. Majestica immediately sent representatives to Shanghai to explore the possibility of becoming the operator. Majestica’s proposal was welcomed by CPS, and a letter of intent was signed on August 20, 2004. However, in discussions regarding the management contract, the two parties had reached a deadlock. The key issues to be resolved were the contract term, and the responsibilities and rights of Majestica as the operator, and CPS as the owner, of the hotel. This Shanghai deal was important for Majestica’s global expansion. It would not only provide Majestica with the opportunity to enter the China market but could also set a precedent for Majestica’s future expansion in other emerging markets. MAJESTICA HOTELS INC. Majestica was founded in 1970 in Western Europe. It focused exclusively on its niche of developing and operating luxury hotels with 200 to 450 rooms. In 1977, Majestica expanded to the United Kingdom. In 1984, Majestica entered the U.S. market via acquisition. Majestica’s expansion in the U.S. market continued with properties in seven other major cities. By the end of the 1990s, Majestica...

Words: 5235 - Pages: 21

Premium Essay

Hegemony

...America’s Aggressive Economic Hegemony American Expansionism during the mid-nineteenth to early twentieth century is a result of America’s economic necessity as a growing country. Through this economic conquest, America was led to the forefront of the world stage in the process. America’s idea of Manifest Destiny, first coined by John O’Sullivan in 1845, was used as their catalyst to spur expansion of the United States territory and its trade to all parts of the globe. Through America’s first conflict with Spain in the Seminole War they were allowed to take over Florida, starting its progress onto the world stage. America’s victory in one of its first foreign affairs on foreign soil in the Mexican-American War further led to this rise on the world stage. After the success of the Mexican-American War, America turned to Hawaii and East Asia and continued their economic pursuits there through movements such as the Tyler Doctrine and the Treaty of Kanagawa. President James Monroe was keen on removing Spain from Florida in 1818 and gave General Andrew Jackson orders to quell the Seminole rebellion in any manner he saw fit. By doing so, America would have leverage over Spain in negotiations. While this message was misinterpreted, the aftermath favored the United States on the grounds that “Spain’s inability to maintain order compelled United States to do so.” The removal of Indians, obtaining more territories and delaying of British intervention was justified through the idea of...

Words: 1487 - Pages: 6

Premium Essay

Banyan Tree Case Study

...Laochareon | 518 27814 26 | Ratanapong | Sanpote | 518 29421 26 | Thanan | Sastarasadhit  | 518 28530 26 | Karit | Yuvaboon | 518 28094 26 |   For the Course of 2605691 Seminar in Marketing Management Faculty of Commerce and Accountancy Chulalongkorn University QUESTION 1 : Identify the primary issues in the case. Between 1997 and 2005 a series of crisis severely challenged the hotel industry and stake holders, especially in asia region, which never before have so many issues that causes a crisis that has lasted that long With majority of properties located in asia, Banyan tree was hit hard by the crisis causing poor profitability in 2005. Foreseeing the risk of focusing its core operation in one region, Mr.Ho, CEO of Banyan tree initiates the expansion plan of banyan tree to open new properties in new location in order to minimize the risks. The IPO was executed to increase the capital for this expansion. However, the key issue of this aggressive expansion in how banyan tree can maintain its respective qualities across the chain due to: * The limitation of manpower and infrastructure to consistently deliver banyan Tree’s experience * The danger of bran dilution in case of banyan tree expands into territories that may have a negative impact on the brand. Its very important that banyan tree ethos, culture and skill set do not disappear with the process of the growth. Tha ability to manage growth while at the same time...

Words: 1489 - Pages: 6