...Country Paper By Irwin Anderson BMGT 392 Professor Joseph Wade September 12, 2011 This country analysis is for the beginning of a new business venture in South Korea. The business is an English private school/ tutoring center that focuses mainly on learning the language of English. The nature of this business is to bring new alternatives to learning English in South Korea. The organizational structure of this business will be mostly staffed with qualified English teachers. The overall mission statement of this business is to bring the best possible level of English language education to South Korea. This analysis will bring about the relevance of different country variables to this new business opportunity. The country variables consist of cultural environment, political and legal environment, economic environment, ethical environment, trade, investment, and foreign policy profile. Cultural Environment The cultural environment is one of the first things to consider when opening up a business in another country. Daniels mentions, “Most cultural variables are universal. Every society, for example, has its own daily routines and rules, codes or social relations, language, and the show of emotions—even concepts of luck” (Daniel, 2011). Therefore, some sort of study of the culture should be done. The Journal of Management & Marketing Research states, “Since the entry mode is crucial for the success of a new business in the overseas...
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...relevance of information presented in the report, only the most recent available data was analyzed. The indicator analysis covers years 2006 through 2009. Effective evaluation of indicators requires the comparison of the three countries within the same time frame for each individual indicator. Geographical Scope: The report compares and contrasts the following countries: ➢ Brazil ➢ South Korea ➢ Poland Functional Scope: This report provides an insight into the international market screening process for Whole Foods. It outlines specific procedures that were undertaken in order to evaluate each prospective expansion destination and eliminate the two least viable options. In order for Whole Foods to deem a market successful, it must be able to achieve and sustain the following factors: • Provide the highest quality of natural and organic products available • Satisfy and delight customers • Build a supportive and winning team • Create wealth through profits and growth • Promote the health of stakeholders through healthy eating education Ensuring a successful market introduction required...
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...of Culture on Consumer Behavior in Luxury Consumption South Korea vs Netherlands By: Cindy Yoel Tanesia, Joline Boersma I. South Korea South Korea is a country located in the southern part of Korean peninsula. The population is 48,955,203 people (July 2013 est.) which make South Korea to be the 25th largest country in terms of population despite the relatively small area of the land. This paper will compare two cities in South Korea, Seoul and Busan, in terms of different in culture and how it affects the consumer behavior of the people living in the related cities. But, first of all, let’s see the general culture of people in South Korea: 1. Homogeneous There is a term of ‘hanminjok’ (한민족) in South Korea which literally means South Korean race. This term is used to describe that South Korean actually prefer to not mix their race with other races through international marriage because they afraid that they eventually will not have the pure Korean race anymore. However, the diplomatic relationship between USA and South Korea where USA helps South Korea for the military made USA military base established in some parts of South Korea actually opened the opportunity for more people from USA to come and stay in South Korea and eventually have their own family in South Korea which contributes to the increase in the international marriage in South Korea, especially in Seoul. 2. Importance of education Education plays important part for South Korean in almost every aspect...
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...comprehend the unique nature of this Korean management system, we performed an in-depth analysis on its performance. The external environment of the Korean management system is a crucial factor in understanding it. In this kind of environment, the role of government is prominent because without active support from the government, no enterprise can survive and prosper. The government, in return, demands some favors from these enterprises, making this a quid pro quo, a unique feature of the Korean management system. We will discuss extensively the relationship between government and business to understand the Korean management system. Because South Korea is a rapidly changing society, variable sources of information like newspapers and weekly and monthly magazines were integrated into this book. Of course, we also used books published in South Korea and elsewhere for developing a conceptual framework of the...
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...www.oecd.org/dev/insights OECD DEVELOPMENT CENTRE Policy Insights No. 96 May 2012 The Middle-Income Trap: Comparing Asian and Latin American Experiences by Anna Jankowska, Arne J. Nagengast and José Ramón Perea ♦♦ Chinese Taipei; Hong Kong, China; Korea and Singapore (the East Asian Newly Industrialised Countries or NICs) have been successful in attaining income convergence with high-income countries while Latin American countries remain caught in the Middle-Income Trap. ♦♦ The East Asian NICs pursued export-led growth by targeting strategic industries which facilitated gradual diversification and upgrading into new products that required similar skills and inputs. ♦♦ Comparing the experience of the NICs to Latin American economies reveals that successful diversification and upgrading of a country’s export structure requires coherent and complimentary policies in the areas of education, infrastructure, innovation and access to finance. The experience of Latin American with the Middle-Income Trap has been very different from that of the NICs. While the latter were able to surpass middle-income status in a relatively brief period of time, Latin American countries have remained in the middle-income zone for decades. This contrast can serve as an illustrative basis for comparison for new countries entering the middle-income group. The East Asian NICs’ recipe for income convergence: gradual upgrading towards higher value industries The Asian NICs’ experiences suggest that escaping...
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...trillion USD, strong purchasing power, low and predictable taxes and the 12th largest economy in the world, South Korea becomes a fantastic opportunity market (investinkorea, 2013). Although the global financial crisis had its repercussion, it did not affect the private consumption and the Government has been continuously engaging in efforts to strengthen the groundwork for long-term growth and boost the economy. The economic improvement of the past 30 years highly changed Korean’s business environment: personal income together with the level of education have significantly increased consequently improving local living standards (statistics Korea, 2013). Higher levels of education, travelling abroad, international tourists and technology, have all helped to widen horizon and open the door to new products. Datamonitor shows a solid increase of the overall annual food consumption and eating out expenditure (see appendix 8), moreover it seems that tastes are evolving and consumers are becoming progressively more sophisticated and open to western influences (statistics Korea, 2013). Korea is undergoing a fast transformation, accepting numerous overseas concepts relative to life's basics such as for instance food. South Korean consumers appear now appear to be rapidly embracing international influences, particularly regarding food (market analysis report, 2011). Korea also displays a very peculiarity culture with a mixture of traditional and contemporary elements: although it still...
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...I.A. The text, “Fujiwara and Murakami Genji as Assistants to Emperors” was written by Chikafusa, a couple of years after the Period Kamakura Japan (1180 to 1133) and went into the Kenmu Restoration period. This period was marked by the rise of militarism that attempted to make Japan a centralized government. During this time the imperial line remained unchallenged and exercised a vast amount of power. In 1333, the Kamakura shogunate was overthrown by warrior forces and Go-Daigo became the emperor . Go-Daigo belonged to a branch of the Fuijiwara house. He believed that the overthrow of the shogunate was a sign to revive what he believed was the most efficient form of government, the direct imperial rule. This period marked by imperial restoration was called “Kenmu Restoration” and lasted until 1336. As competition for power and land rose, the government was unable to stabilize the country. Two key figures Nitta Yoshida and Ashikaga Takauji were the faces to the struggle for power. Since they could not reach consensus Japan was split in two and the “War Between the Northern (Kyoto) and the Southern (Yoshino) Court,” began. Chikafusa did not play a major role in the Kenmu Restoration but did rally for support for the Southern Court among the eastern warriors. Coming from a high-ranking noble family and prominent minister at court, Chikafusa wrote was the author of Jinnō Shōtōki. This work, also known as “Chronicle of the Legitimate Succession of Divines Sovereigns...
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...Global Business Cultural Analysis: Republic of Korea Abstract The purpose of this paper is to provide information to business professionals about the Republic of Korea, the Korean culture, and the peculiarities of conducting business in this country. The topics discussed include a brief historical background about the nation, its dimensions of culture, how these elements are integrated by Koreans, and a comparison between these characteristics and American culture and business practices. The paper examines the implications for US firms wishing to do business in Korea using Hofstede’s Dimensions of culture, a SWOT analysis, and FDI analysis. Keywords: culture, religion, Confucianism, innovation, export, KORUS FTA Historical Background of Korea The Republic of Korea (ROK) is commonly known as South Korea. For the remainder of this paper, the ROK will be synonymous with "Korea". Korea is located in northeast Asia on the Korean peninsula between the Yellow Sea and the Sea of Japan. It borders the Democratic People's Republic of Korea (DPRK), also called North Korea (nK), immediately to the north, across the 38th parallel. Korea's total land area is nearly 62,000 miles, slightly larger than Indiana (www.cia.gov). It has an ethnically homogeneous population of over 49 million people, 83% of which live in urban areas (www.cia.gov). According to legend, Korea's birth as a nation was in 2333 BC with its early inhabitants coming from and heavily influenced by China...
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...Republic of Korea with comparison to the United States HSM310 Introduction to Health Services Management Course Project Date submitted: 2/27/2015 Table of Contents Executive Summary……………………………………………3 Demographics………………………………………………….5 Mortality, Infant mortality data………………………………..7 Causes of death………………………………………………..8 Other…………………………………………………………..9 Quality of Life………………………………………………..10 Analysis of trends…………………………………………….13 Conclusion……………………………………………………14 References: ………………………………………………….16 Executive Summary This report will provide an overview of the policies and the practices that supports the quality of care in the Korean healthcare. As of 2014, Republic of Korea has a population of 49.3 million, which is a slight decrease of an estimate of 50 million in 2013. With the rapid economic development and less than thirty years, the Korean Healthcare system has gone from inadequate medical infrastructure and a fragmented health financing system to an established health care system characterized by universal coverage and substantial acute medical facilities. The Korean health system has not slowed down after it had achieved universal coverage in 1989. In 2000, the national government has continued to adjust the health care system structure and delivery mechanism in response to the social and political changes, culminating a single-payer system. The priority for improving the quality care in Korea is to...
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...Introduction During the end of Edo period, Japan was forced to sign on the unequal treaty, the Treaty of Amity and Commerce, by the United States forces that demanded the opening of five ports for the foreign trade while securing the U.S. diplomatic privilege of extraterritoriality (Tipton, 2002, p.26). This agreement curtailed the Japanese sovereignty for the first time in history, and alerted Japanese politicians to the dangers of further foreign encroachment. After the fierce debates among Japanese intellectuals, they realized ‘Gunboat diplomacy’ is the essence of the international political game. Thus, some of enlightened leaders such as Sakamoto Ryōma (1867) emphasized the necessity of modernize Japan as Western states by strengthening the military and economic power in his writing Eight-Point Program in order to survive in the arena of power politics. This idea was adopted as a center pillar of Meiji Restoration and enabled Japan to build up military power comparable to Western states within a short period of time. However, Japan needed to show its advanced military strength to be recognized as a growing power and to join ranks of powers in international politics (Ebrey, 2009, p.371). Therefore, the Meiji government planned the way to be a ‘regional hegemon’ through military expansion in Asia. It first defeated Qing Dynasty in Sino-Japanese War in 1895 and representatives of both states signed at the Treaty of Simonoseki that included the Article to cede full sovereignty...
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...Advances in Developing Human Resources http://adh.sagepub.com/ National Human Resource Development: What in the World Is It? Gary N. McLean Advances in Developing Human Resources 2004 6: 269 DOI: 10.1177/1523422304266086 The online version of this article can be found at: http://adh.sagepub.com/content/6/3/269 Published by: http://www.sagepublications.com On behalf of: Academy of Human Resource Development Additional services and information for Advances in Developing Human Resources can be found at: Email Alerts: http://adh.sagepub.com/cgi/alerts Subscriptions: http://adh.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations: http://adh.sagepub.com/content/6/3/269.refs.html >> Version of Record - Aug 1, 2004 What is This? Downloaded from adh.sagepub.com at Anglia Ruskin University on May 2, 2014 Issue Overview 10.1177/1523422304266086 Advances in Developing Human Resources McLean / INTRODUCTION TO NHRD National Human Resource Development: What in the World Is It? Gary N. McLean The problem and the solution. Recent exploratory research has affirmed the variations in understanding of the meaning of human resource development (HRD) from country to country based on a number of identifiable characteristics of the country. One area identified in the definitions of some countries, which was different from that found in the United States and in some other countries...
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...the earnings function, the problem with using OLS is that education is endogenous. Relatively few studies of the returns to schooling in China have used instrumental variables to address the endogeneity of education (see Chen & Hamori, 2009; Fleisher et al., 2005; Heckman & Li, 2004; Li & Luo, 2004; Zhang, Liu, & Yung, 2007) Necessary but not sufficient Completing additional years of education has a range of positive outcomes. Income may be higher, employment easier to obtain and health better (Card 2001; Wolfe and Havemann 2001; Borland 2002). There are a number of individual factors that influence the return to a given level of education, including cognitive ability (Tobias 2003; Heckman, Stixrud, and Urzua 2006), discrimination in the labour market (Hunter 2004) and unobserved costs to education. Individuals would move to areas where the remuneration for their level of education was highest and students would move to areas with the lowest cost of education. However, there are social and economic costs to migration (Greenwood 1997; Yankow 2003), and hence, local resource endowments are likely to have some effect on the returns to education through the relative demand for skilled and non-skilled workers in the area. Social return to college educ : south korea Since the pioneering work of Schultz (1961) in human capital, much economic literature studies the importance of education on socioeconomic variables such as economic growth and personal...
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...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...
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...Maintaining the “Single Samsung” Spirit: New Challenges in a Changing Environment Caryn Ng Kar Yan B1102572 Keah Mei Sian B1102580 Nur Fathiha Bte Johan Ariffin B1100381 Mohd Roshan bin Mohd Yusop B0101223 Sarkunarajah S B1001971 Wan Arjunaidi Bin Awang @ Wan Abdul Halim E0300073 Abstract Samsung portrayed a very interesting and impressive success story in every aspect of development. Although they were hit hard by financial crisis in 2009, Samsung survived the ordeal with their impressive financial performance. The astonishing part of their achievement is mostly guided by internal management capability, positive aligned culture and belief system that empowering human capital is the foundation in building and maintaining a great organization. Their strong belief system in emphasizing and investing on employees well being pays off when they become the leading company beating some of the top companies such as Sony, Apple and HTC. The process and development of human capital was never an easy matter for Samsung, in fact the culture has been practiced and improvised regularly ever since 1950 to fit to the demand and maturity of the current society and technology. Nevertheless at the end, Samsung indeed make a marked in the world with sustaining a Single Samsung culture. 1. Perform a PEST on Samsung and identify the change drivers POLITICAL | ECONOMIC | * Work hand in hand with the government; consist the same agendas and values.Change...
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...NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA © Copyright 2014 Asia Pacific Foundation of Canada TABLE OF CONTENTS ABOUT THE ASIA PACIFIC FOUNDATION OF CANADA _________________________________________________ 2 ABOUT THE NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA ________________________________ 2 METHODOLOGY KEY FINDINGS ___________________________________________________________________________________________ 2 ____________________________________________________________________________________________ 3 EXPLAINING CANADIANS’ VIEWS ON ASIA DETAILED FINDINGS ___________________________________________________________ 7 ____________________________________________________________________________________ 17 SECTION 1: PERCEPTIONS OF ASIA __________________________________________________________ 17 SECTION 2: VIEWS OF CANADA-ASIA ECONOMIC RELATIONS ____________________________ 23 SECTION 3: PROVINCIAL PERSPECTIVES ON CANADA-ASIA RELATIONS _______________ 31 SECTION 4: CANADA-ASIA ENERGY RELATIONS ___________________________________________ 35 SECTION 5: PROMOTING HUMAN RIGHTS IN ASIA ________________________________________ 39 SECTION 6: CANADA-ASIA SECURITY ISSUES ______________________________________________ 41 SECTION 7: DEMOGRAPHIC FINDINGS ______________________________________________________ 43 APPENDIX: READING THE TABLES _____________________________________________________________________ 49 NOP 2014...
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