...Companies in China, Edward Elgar, 2010. Chery Automobile Company Chery Automobile Co. Ltd. (奇瑞汽车股份有限公司) is one of the most important of Chinese automobile manufacturers. Though it remains owned by the local government of Wuhu, and is by no means the very largest of China’s car companies, Chery has been able to compete effectively in a very crowded domestic market and has established a significant position in international markets. This is rather remarkable for a firm founded in 1997 in a very poor province not known for economic innovation. Historical Development By Western standards, Chery is an unusual firm. It is the result of the hybrid nature of many Chinese businesses, combining government ownership and effective and competitive management. Quite simply, Chery exists because of the entrepreneurial efforts of government officials – known as the “Eight Guardians” - in a relatively small Chinese city looking to expand the economic base of their area and spurred on by the dramatic economic growth happening all around them. By the mid-1990s economic reform had led to fifteen years of rapid growth concentrated along the eastern coat of China. A second stage of growth extending these opportunities across the entire nation began in 1993. The Wuhu government, with support from the Anhui provincial government, was in the best position to define a new economic direction for the area and establish firms able to operate in the new market economy. The municipal officials purchased...
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...The Growth of Independent Chinese Automotive Companies (Second Draft for Discussion) Jianxi Luo May 6, 2005 International Motor Vehicle Program, MIT Index 1 Overview of Current Chinese Automotive Industry……………1 2 The Burgeoning Independent Chinese Auto Companies………9 3 Case Study: Chery Automobile Company………………………14 3.1 Introduction………………………………………………………… 14 3.2 Characteristic Analysis…………………………………………….. 18 3.2.1 3.2.2 3.2.3 3.2.4 3.2.5 3.2.6 Technical Capabilities………………………………………………….18 Production Management……………………………………………….24 Product Characteristics……………………………………………….. 25 Intellectual Property…………………………………………………... 29 Exportation Strategies……………………………………………........33 Enterprise Culture…………………………………………………….. 36 3.3 Comparative Analysis ……………………………………………....36 4 Conclusions………………………………………………………. 42 References…………………………………………………………….47 1 Overview of Current Chinese Automotive Industry China’s first automobile manufacturing base, FAW (First Automobile Works), was built 50 years ago. From then on for over 30 years, there was no big progress in the Chinese automotive industry on both production and technology sides. Production capacity was low, and technology was outdated. From the middle 1980’s, with the establishments of joint ventures, the Chinese automobile industry began to develop faster than before. So far, all of the world's major automakers, such as General Motors, Toyota, Ford, Volkswagen, DaimlerChrysler, Nissan-Renault, PSA Peugeot Citroen,...
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...Evaluation Essay Wii Fit Exercising can be so monotonous sometimes, and boring! Many people love to exercise, however, for others it seems like it is a tiresome and occasionally painful process. For those who love exercising and who have made it a lifestyle, it takes a lot of hard work and dedication. Nintendo came up with a video game, Wii Fit, which was intended to make exercising fun and interesting targeting those less dedicated individuals. The primary intent of the game was for working out. As such, many gamers', including my son, bought it since they were given the idea that it was just like working out or going for a jog. The game, along with the Balance Board controller, is able to weigh, evaluate the user and guide them through exercises and yoga poses. I do question how it makes the user have a positive experience when, as you first step on the Balance Board for your initial weigh in, and each time you come back and step on the board, it makes a sound like a moan making the user feel as if they are too heavy, as it starts the process of recognizing you and recording your weight. The intent of the game is to keep the user motivated and coming back and I wonder if that sound appropriately reinforces the initial goal. Parts of each game strongly imitate exercise that could also be learned from a good exercise video or book. Wii Fit is a brilliant concept that can keep bringing people back to have fun while they exercise; however, it lacks depth and many features that...
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...Research Essay Deforestation Leads to Serious Problems In the 21st century, the world is advancing to new heights in the field of technology. Human beings have made every facility for their better life. But human beings did not care about nature. Deforestation is the result of unawareness of human beings about nature. Deforestation has direct relationship with success of human beings. Thousand years ago, more than 80% of total land area was covered with forests. In present days, less than 12% of total land area is covered with forests (Hermy 362). Is cutting of trees beneficial for society? Does it lead to serious problems? Some people argue that deforestation is deforestation is necessary for success of many government projects and humanity. However, I would argue that the environment, wild life and human life are negatively affected by deforestation. It has large number of demerits. It has degraded environment by global warming and acid rain in different areas of world. Moreover, deforestation destroys the natural home of wild animals. Wild animals have no homes for living in most of parts of the world. Deforestation disturbs human life by depletion of ozone layer of the earth, increase in concentration of carbon dioxide in environment and reduction in the number of trees, which are used in the production of many medicines. These problems had not fixed. These are increasing day by day with the rate of cutting trees. To illustrate, deforestation has brought...
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...Chery Motor Company Instructor: Dr. Deena Burris Global Management 398 Amanda Holst 921128 Fall 2015 Introduction Chery Motor Company was founded in 1997 to support the local economy in the underdeveloped Chinese province of Wuhu. Chery’s lack of proper licensing made it impossible for the company to sell automobiles outside the province. In 2001, a 20% share of Chery was purchased by Shanghai Automotive Industrial Association, which allowed the small firm to utilize their retail license and begin its expansion. Also in that year, Chery exported cars to Syria and was then the first company to export cars to the mainland. Chery expanded and was highly successful between 2000 and 2006, when their automobile sales increased by 303,000 units, making them the 3rd largest domestic auto company. To maintain this growth on the global automotive market, Chery has implemented a range of competitive business strategies. Competitive Strategies Chery has followed their guiding principle of “stabilizing through the domestic market, strengthening through the overseas market and developing the domestic market through the overseas market in a flexible way.” Their ‘going out’ strategy lead to the company becoming the first car enterprise exporting complete automobiles to foreign countries in China. Chery Motor Co has implemented a cost leadership strategy to establish and defend their desired strategic position. A cost leadership strategy is an integrated set of actions taken to produce...
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...Case study – Spanning the globe, Allen D. Engle, Sr. Introduction Eric Christopher was the Associate Director for Global HR Development at Tex-Mark. He got a very good education in Europe, he travelled a lot around the world and he could speak many languages as well. Tex-Mark was a firm in the printer and optical scanner industry. It had international production facilities. Eric had two meetings: one with the Plant Engineer (Fred) and one with the Director. Eric knew also the plans that the company wanted costs cut and the Vice President for HR wants this by having cheaper training programs, shorter expatriate assignments and a faster appointment of HCNs. At the first meeting, Eric realized that Fred’s team did not relate well to their Mexican counterparts and Tex-Mark did not treat the local and national government agencies with enough respect and sensitivity. Although, it seemed that Fred will get a good position in India, but in the last minute, another candidate got it. Eric thought that this was due to Fred’s unwillingness to train and hand over responsibilities to local engineers and his inability to work well with district and federal regulations in India. After the first meeting, Eric prepared for the second one with the Director and gathered all the necessary data. He realized that there is a big need for language training because China is more challenging, but this causes language problems and cultural difficulties as well. He was also thinking on the repatriation...
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...Introduction Eric Christopher was the Associate Director for Global HR Development at Tex-Mark. He got a very good education in Europe, he travelled a lot around the world and he could speak many languages as well. Tex-Mark was a firm in the printer and optical scanner industry. It had international production facilities. Eric hat two meetings: one with the Plant Engineer (Fred) and one with the Director. Eric knew also the plans that the company wanted costs cut and the Vice President for HR wants this by having cheaper training programs, shorter expatriate assignments and a faster appointment of HCNs. At the first meeting, Eric realized that Fred’s team did not relate well to their Mexican counterparts and Tex-Mark did not treat the local and national government agencies with enough respect and sensitivity. Although, it seemed that Fred will get a good position in India, but in the last minute, another candidate got it. Eric thought that this was due to Fred’s unwillingness to train and hand over responsibilities to local engineers and his inability to work well with district and federal regulations in India. After the first meeting, Eric prepared for the second one with the Director and gathered all the necessary data. He realized that there is a big need for language training because China is more challenging, but this causes language problems and cultural difficulties as well. He was also thinking on the repatriation, so he searched the data on repatriate turnover. HR Analysis...
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...Case 1: Spanning the Globe By: Allen D. Engle, Sr. Eric Christopher, Associate Director for Global HR Development at Tex-Mark, was sitting in his car in an early-morning traffic jam. He had thought that by leaving his home at 7:00 a.m. he would have been ahead of the heavy commuter traffic into San Antonio’s city center. The explanation for the long queue was announced by the radio traffic service. A large, portable crane, used to set up concrete barriers around road works, had overturned, and inbound and outbound traffic would be at a dead stop for at least an hour. Eric had ended up at Tex-Mark, a computer input-output manufacturer and supplier, through an indirect career route. Brought up in the Hill Country Village district of San Antonio, Eric had graduated from Churchill High School and Baylor University in Waco, Texas with a major in History and a minor in Spanish. His maternal grandmother lived in Tennessee, but was born and grew up in Edinburgh, Scotland and Eric had spent several summers while in high school and at university backpacking around Europe. His facility for languages was impressive and he had an excellent working use of Spanish, French, Italian and German. He could converse in Cantonese, as the result of working in a noodle restaurant during university and had started a tutorial course in Mandarin last fall. Upon graduation, Eric backpacked around Europe and South America until his money ran out. Returning to Dallas he took a ticketing job with SouthWest...
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...Chery Auto's Success Story (BSTR 377) ------------------------------------------------- Abstract: China based Chery Automobile is one of the top ten car manufacturers and the leading exporter of cars in the country. Started as an automotive company by the Wuhu government in 1997, Chery designed engines for cars. After finding no buyers for its engines, it decided to build its own car. Chery entered into tie-up with another automotive company which had license to sell cars to retail customers in China. After obtaining its own license, Chery implemented a four-phase strategy to develop its technical strengths. Chery started exporting cars as early as 2001 and became the largest exporter of cars among the Chinese car companies. Chery expanded globally to have its presence in over 70 countries by 2009. | | ------------------------------------------------- Issues: » Study and analyze the competitive strategies of Chinese automobile companies. » Understand how Chery Auto used available resources effectively to manufacture cars. » Examine how a startup company could develop R&D capabilities by collaborating with other firms. » Study the globalization strategies of Chery Auto. » Evaluate the challenges faced by Chery Auto in the near future. ------------------------------------------------- Contents: | Page No. | Introduction | 1 | Background Note | 2 | The Growth Strategy | 3 | Going Global | 5 | The Challenges | 7 | The Road Ahead | 9 | ...
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...competitiveness and maintain the vitality of the enterprises. Benevolent invincible is the highest integration way. Keywords： Cultural diversity，Fusion，core values, benevolent, invincible 1. Skepticism On Geely's Volvo Ambitions Before the merge, some reporters and market analyst said that China's Geely Automobile may well find that its resources cannot accommodate such a takeover. It is just a despite of the Chinese automaker's ambitions. Geely, an only 11 years old company, which is the youngest and the most aggressive of China's carmakers, is undertaking a feasibility study on acquiring Volvo. Management has yet to submit a proposal to the relevant authorities. Geely, which is owned by the city of Wuhu in Anhui province, is seeking funding from local banks and private equity firms to back a bid of more than 30 billion yuan ($4.4 billion), Cai Jing said, cited from some unnamed market sources. Geely would need to rely heavily on outside financing since the company has been stymied in its plans...
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...De Montfort University In partnership with Niels Brock, Copenhagen Business College BA (Hons) Business Administration. Market analysis of Chery automobile Submitted by: Resham Dhakal instructor : Ian choo Student No. P11016315 (CORP eve) Date: 2011-11-14 1 Introduction The main propose of this preliminary project is to analyses the present situation of Chinese automaker ‘Chery Automobile Co. Ltd. In order to analyses the present situation, we mainly focus on its internationalization process, its domestic market as well as international market, and its strategy of growth. And it is supported with different theories such as SWOT analysis, PEST analysis, Porter 5 Forces, 4Ps. 1.1 Chery at a Glance Chery is one of the Chinese fast growing state owned enterprise founded on 1997.with a capital of CNY 3.68 billion, and its first car came on a production on 1999. At present Chery owns for sub-brands, chery, karry , Rilich and rely. Currently Chery has 16 different module in maket and it possesses an annual production capacity of 900,000 automobiles. (Chery) . With the strategy of ‘Going out’ Chery become the first Chinese automobile company to export its production in overseas, including more then 80 countries. It offers cars, sedans, SUVs, and mini-vans on its different segment. Source – Chery International Co. ltd This figure show that, the total sale of Chery automobile is been increasing in every year, in the year 2008 its sale...
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...Research of improve the data quality Abstract Data Warehouse is a data collection which is subject-oriented, integrated, relativelyand relatively stable. and It can reflect the changes of history and support the management decision. It is an important segment to maintain the accuracy of the data warehouse. However, ETL is an important part to build data warehouse and occupy about 60 percent of the load. The improvement of the quality in the data warehouse helps to guarantee the reliability and also help the enterprise to summarize and use the data for a long period of time. There are many methods to improve the quality of data. However, in the view of the experience summary and practice accumulation in the practical application, the paper mainly focuses on the ETL dispatcher and way of check to improve data quality of data warehouse. First of all, the automation of data management which is realized by ETL principle make the data into a data stream., the database where the data exists become as starting point of ETL, saving the data warehouse with ultimate high-quality data as the end of ETL. Second, for the data which the ETL data flow has been formed to generate example, for the data which complete ETL processes structure to handling historical information, thus ensuring that the ETL flow can monitoring. Third, building the processing logic of ETL tectonic processes, is the core of constructing high-quality data, constructing the automated calibration procedures...
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...Securitising China real estate: a tale of two China-centric REITs Michael C.H. Quek and Seow Eng Ong Department of Real Estate, National University of Singapore, Singapore Abstract Purpose – There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs – GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore – have securitised Chinese property assets. The purpose of this paper is to examine the driving forces and the obstacles surrounding China REITs, and evaluate REIT securitisation as an exit strategy for Chinese properties. Design/methodology/approach – The paper analyses the performance of the two cross-border REITs and investigates whether REITs holding Chinese assets outperform other listed REITs. Research limitations/implications – CRCT outperforms GZI REIT as well as some of the other Singapore REITs, while GZI REIT ranked second lowest in terms of price performance when compared to other Hong Kong REITs. The limited history of CRCT suggests that when a well-structured REIT holding Chinese assets can perform very well. We also infer that performance is closely linked to portfolio composition and diversification, growth story and originator reputation. Originality/value – The study shows that there is indeed a strong local demand for China REITs, and that REITs can provide an alternative source of real estate financing for Chinese developers and promote a better regulated Chinese real estate market. Keywords Real...
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...January 2013 INVESTOR PRESENTATION BMW Group Investor Presentation, January 2013 Page 1 NINE MONTH 2012 RESULTS. in euro million Revenues Profit / loss before financial result (EBIT) Automotive1) Motorcycles Financial Services2) Other entities Eliminations Profit before tax Net profit EPS in euro (common / preferred) Operating cash flow (Automotive) Free cash flow (Automotive)3) Net interest-bearing assets (Automotive) Equity (Group) *) Adjusted 1) 9M-2011 January – September 2012 56,312 6,406 5,548 82 1,291 44 January – September 2011* 50,472 6,358 5,935 62 1,506 -115 Change in % 11.6 0.8 -6.5 32.3 -14.3 - -559 6,040 3,915 5.94 /5.95 6,768 3,840 13,025 28,853 -1,030 6,044 4,028 6.12 / 6.13 6,787 4,055 13,016 26,018 45.7 -0.1 -2.8 -2.9 / -2.9 -0.3 -5.3 0.1 10.9 for effect of change in accounting policy for leased products as described in note 3 on pages 36ff. of the quarterly report to September 30, 2012. EBIT includes a positive effect of € 85 million from the adjustment of residual value risk provisions. 2) EBIT includes a positive effect of € 124 million from better than expected off-lease business (9M-2011 one-effects amounted to € 439 million). 3) Free cash flow includes net investments in marketable securities of € 134 million (€ 839 million in 9M-2011). BMW Group Investor Presentation, January 2013 Page 2 GUIDANCE 2012. BMW Group We aim to achieve a higher full-year Group profit before tax than in 2011. Automotive Segment ...
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...The Size and Distribution of Hidden Household Income in China Xiaolu Wang National Economic Research Institute China Reform Foundation C510 Guo Hong Building, No. A-11 Muxidi Beili Xicheng District, Beijing, 100038, China wangxiaolu@neri.org.cn Wing Thye Woo Economics Department University of California Davis, California 95616, USA wtwoo@ucdavis.edu and School of Finance Central University of Finance and Economics Beijing, China December 25, 2010 revision This article is part of a research project of the Chinese Research Society for Economic System Reform. We thank the many individuals and organizations who made this project possible. We also thank the readers of the earlier Wang (2007) study and of earlier drafts of this report for their valuable comments. We are solely responsible for the remaining mistakes in this article. 1 The Size and Distribution of Hidden Household Income in China Xiaolu Wang and Wing Thye Woo Abstract Official Chinese data on urban household income are seriously flawed because of significant underreporting of income by respondents and non-participation by the high income groups in official household surveys. We collected urban household income and expenditure data in a way that increased their reliability and the coverage of the rich. We utilized the well-known relationship between Engel’s coefficient and income level through two different approaches to deduce the true level of household income for each of the seven Chinese...
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