a romanized name to use to market themselves, they strongly considered using their initials, TTK. The primary reason they did not is that the railway company Tokyo Kyuko was known as TTK.[12] The company occasionally used the acronym "Totsuko" in Japan, but during his visit to the United States, Morita discovered that Americans had trouble pronouncing that name. Another early name that was tried out for a while was "Tokyo Teletech" until Akio Morita discovered that there was an American company already
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Hill 7e End of Part Case Notes Part One: Globalization There are no Part One cases. Part Two: National Differences in Political Economy; Differences in Culture; Ethics in International Business Nike: The Sweatshop Debate 1. Should Nike be held responsible for working conditions in foreign factories that it does not own, but where subcontractors make products for Nike? Answer: Most students will probably agree that Nike should be held responsible for the working conditions in foreign factories
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company. Initially the first thing that should come to mind is your business plan. Going global will definitely impact that, and if you do not have a good strategic foundation, your business venture will most likely fail. That being said, marketing will play a huge roll in your venture's success (or failure). The company must realize that a specific marketing campaign that worked, say in Texas or in Georgia, will most likely not work in Japan. In the assigned reading, Schultz and Kitchen mention “no organization
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of plane that dropped the atomic bombs on Japan at the end of World War II). If the colleague showed up before the meeting, the first thing would be to pull him to the side and explain to him that the tie he is wearing is not appropriate for a meeting with Japanese executives. I would further explain that in any type of meeting, especially critical ones, first impressions are very important. For the Japanese, casual attire is not appropriate for a business meeting. Men should wear dark conservative
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professionals to improve customer quality. Total Quality Management was developed not long after World War II. The United States occupation force’s was aiding Japan to help them develop quality systems to resolve problems concerning the telephone system. W. Edwards Deming and JM Juran were businessmen who were deeply concerned with the issues occurring in Japan. These businessmen eventually brought Total Quality Management to the United States although it was initially limited to munitions and telecommunications
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forms”. Throughout the world men, women and children are being trafficked into a form of modern day slavery. Mainly women and small children are being forced into doing physical labor which includes prostitution in several countries. Many women and children are forced into this billion dollar company are coming from Asian countries like Japan, China, Laos, Thailand and the Philippines. The majority of these women and children are sold into slavery to pay off certain other debts, or they leave their homes
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market. This led to enormous borrowing and strong investment mainly in domestic and global stocks and securities. Realizing that this bubble was unsupportable, the Finance Ministry of JAPAN precisely increased interest rates in late 1980’s. This severe course of action metaphorically bursted the bubble, and the JSE (Japan stock exchange) market collided. A debt crisis trailed and the Japanese banks and insurances were now burdened with uncollectable bills, uncollectable loans and had to write off many
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the triggers of cultural change in Japan during the 1990s? How is cultural change starting to affect traditional values in Japan? During the 1990s a prolonged economic slump forced quite a number of Japanese companies to change their ways of doing business, like abandon the “Confucian values”. Younger people, who saw this, begun to question themselves if it’s meaningful to be tied to a company for life. Furthermore they saw that the western ideas of doing business seemed to have greater possibilities
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continuously expands its business globally. It pursued international expansion with three objectives in mind: to prevent competitors from getting a head start, to build upon the growing desire for Western brands, and to take advantage of higher coffee consumption rates in different countries. And so seeing that the Asian market is in its developmental stage, it took this opportunity to be a leader in a new industry and so it concentrated its expansion efforts mainly in Asia starting with Japan and China. In
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recent years, corruption and bribery become a controversial issue worldwide. Some countries including the U.S. and China have specific laws to resist these conducts, but some countries like Somalia consider corruption and bribery as a tool of doing business. This difference between countries is due to the deeply cultural distinction. After reading chapter five on ethical values, it brings me a good argument about the definitions of morality and ethics. According to the textbook, ethical relativism
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