problem that the HSBC, also known as Hong Kong and Shanghai Banking Corporation, task force has to confront within Japan are the language barriers that are present. As a general policy of the corperation, it states that the official medium within the HSBC, is that communication takes place in the English language, which is also a language that is not very familiar with the community of Japan. In order to achieve the goal that involves recruiting bilingual personnel whose tongues remain fluent in both
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culture 4 Background of cultures 4 Power Distance 7 Individualism v.s. Collectivism 9 Masculinity v.s. Femininity 11 Uncertainty Avoidance 13 Long-Term Orientation 15 Important issues during business negotiations in Japan 16 Greetings 16 Time 17 Appropriate attires 17 Business cards 18 Gifts 18 Meetings 19 Seating 19 During the negotiations 20 Role of language negotiation 20 Exchange of favors 21 Japanese Etiquette of non-verbal expressions 22
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Japan Ethics Although, Japan has had their fair share of unethical business practices, rules and regulations have been established to either cutback or eliminate wrongdoings. There are a few ethical issues that U.S. companies should be aware of when doing business in this country. Corruption in Japan is not as major an issue as it may be in other countries. Due to the lack of enforcement of the OECD Anti-Bribery Convention, there are currently three cases of foreign bribery cases in Japan. It
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Case study Toys “R” Us JAPAN Case study Toys “R” Us JAPAN TABLE OF CONTENTS Introduction 3. Japan Background and facts: 4. Background: 4 Facts: 5 Toys “R” Us Background 7. The Beginning: 7 Market Expansion 8 More ways to shop Toys “R” Us 8 Evolving business 9 Toys “R” Us in Japan 9 Case analysis: 10 Attractive factors of Japan toy market: 10 Barriers to Entry: 10 Success Factors for Toy's "R" Us-Japan 11 TRU Strategy 13 Our opinion: 14 Recommendations: 15 Conclusion:
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Hello everybody, this week’s topic for discussion involves the examination of certain codes of conduct pertaining to doing business in Japan. 1. A large Japanese firm makes important decisions by a so-called “nemawashi” consulting system which requires all internal stakeholders to review and sign the final decision. Research the concept online and compare the advantages and disadvantages of this decision making versus the vertical U.S. system. Describe specific situations when “nemawashi” could
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gap between the classifications of the country’s global economic status. This reality encourages more and more businesses to expand to other markets where they see would generally increase their profits and revenues. After all, most people do business with one mindset: minimize cost, and increase/maximize the profit. Risks from Foreign Government Policies It is generally true for a fact that most businesses’ next step is to expand to other markets to increase profits. However, expanding to
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to struggle in Japan, China, and other Asian markets to determine if these mistakes could have been avoided. eBay is an online auction site that works as the middle man of buyers, sellers, and businesses. They allow sellers and buyers to auction or sell their products or services on their site for a fee. eBay struggled in Japan and other Asian countries for a number of reasons such as: Yahoo! Japan – The rival auction company started about 4 years prior to eBay coming to Japan. They were offering
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Cerda Extra Credit Assignment Comparing Japan with USA The United States and Japan differ in many things, such as power distance, individualism, masculinity, uncertainty avoidance, long term orientation and indulgence. Power distance refers to how power is distributed and the extent to which the person who is less powerful accept that power is distributed unequally. The power distance in the United States is a 40 on the scale, compared to Japan with a 54. Japan exhibits a more unequal distribution of
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change in culture of Panasonic established in Japan in 1920. Japanese culture hasn’t changed but the world around Japan has changed. Panasonic tried very hard to adhere to the values that were already in motion but as the times changed so did Panasonic. Although this was a drastic change it allowed Panasonic to grow. “As the decade progressed, one Japanese firm after another was forced to change its traditional ways of doing business” (Global Business Today, 2011, pp. 126). Globalization played
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Gay Marriage: Should It Be Allowed? BCOM275 Gay Marriage: Should It Be Allowed? Homosexuality has been a taboo existence in the past, but now it is accepted more and more across the globe. However, the institution of marriage amongst the gay community has become a controversial issue, as was interracial marriage in the past. Although there are increasing parts of the United States and the rest of the world in support of marriage equality throughout the LGBT community, there are
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