Zara is able to maintain low cost production while being able to finish fabric in a week. Zara has the ability to obtain its main raw materials as well as the final product from external suppliers. With company having purchasing offices in Hong Kong and Barcelona, it gives them a considerable advantage with regards to their cost of goods sold as they can choose where to purchase based on the given prices. Considering how low the cost of labor is becoming in China, Zara may want to focus on
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Making Friends in China SGT Robert, Wade H. SFC Franklin, Jeremy ALC 728-12 15 September 2012 Making Friends in China I. Public Life Displays of affection Greetings Dining In a person’s home In a restaurant Business Bargaining Saving Face Gifting Meanings Taboos SGT Robert, Wade H. SFC Franklin, Jeremy ALC 728-12 15 September 2012 Making Friends in China As with any culture to be successful in China socially, one needs to understand the manners and etiquettes
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Question 1 (a) What strategies and actions taken by Yahoo have upset its relationship with Alibaba? (b) What are the possible underlying reasons for Yahoo to pursue such strategies and actions? (c) Why does Alibaba regard these strategies and actions as “perplexing” or offensive? 1(a) Strategies and Actions taken by Yahoo that upset its relationship with Alibaba | 1(b)Possible underlying reasons for pursuing such strategies and actions | 1(c)The reason why they are “perplexing”
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visiting our balconies and in the grass and trees of public parks. We tend to think of Hong Kong as a ‘concrete jungle’, so we enjoy whatever bit of nature we can find. However, anyone who investigates the city’s natural resources will quickly discover some amazing facts. Despite its small area and high population density, Hong Kong boasts incredibly rich and surprisingly diverse flora and fauna. Did you know that Hong Kong has: • • • • • • • 23 Country parks and 6 Special Areas, covering over 40% of HK’s
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worshipping Chairman Mao and can't think independently. (Source: studying the Cultural Revolution in high school history classes.) - "Guangdonghua" (Cantonese) is the official language of China. (Source: Hong Kong movies, Chinese-American immigrants who came to the US from Guangdong and Hong Kong during the 19th and 20th centuries). - Chinese culture is basically the same today as it was 1,000 years ago (eg, "traditional, conservative, polite," etc.). (Source: studying Chinese history without being
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When you would like to do business with Chinese people you have to know some standards behavior and some rules during the business to prevent some misunderstanding. I will tell you 15 practical that can help you in terms of business. 1. Respect the business card. When Chinese individuals give their cards to someone, they often present it with both hands. To be courteous, you should receive business cards with both hands. Never put the card away immediately in your wallet or briefcase
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Research note Tourism shopping and its contributions to Hong Kong Introduction Tourism plays a very important role in the economy of Hong Kong. It is now earner of foreign the biggest exchange. The number of visitors has increased from 3.7 million in 1986 to nearly 10.2 million in 1995. Total tourism receipts in 1YYS were HK$74.9 billion, four times as much as in 1986.’ Tourism revenue represents consistently about 6% of the GDP (Gross Domestic Product). Half of the tourist expenditure is on shopping
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extend the longer credit terms which, in return, increased receivables by 25% in 1993 to hit $ 506 million. B&L’s shares which reached 58 in 1991 dropped to about 30 in 1994. However, the biggest problem came from B&L’s Asia-Pacific division in Hong Kong where Y.H. Chan was the president. He raised sales by selling sunglasses in gray markets where the price was 10% o 30% cheaper than prices in the U.S and Europe. When the receivables hit the roof, B&L auditors started to probe and they found out
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Besides challenging the norm of competing with rivals, Blue Ocean Strategy also challenges several other perceptions of new business strategies. Increase in product value and services do not necessarily require technological advancements. A successful “Blue Ocean Strategy” is seen to rely on existing resources and in many cases, allow companies to cut down on further resources. Finally, Blue Ocean Strategy emphasizes the importance of interpersonal office skills in executing a successful new strategy
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Taipan Bread & Cakes Co., Ltd. was founded in 1984 to pioneer snowy moon cake is known for its first store located at Amoy Gardens, Kowloon Bay, and later this year opened a new branch in Hong Kong districts, far more than more than 30 stores, mainly in Hong Kong one of the Bakery chain, in addition, Taipan Snowy moon cake sold worldwide, popular Chinese mainland and overseas Chinese communities. Group in 1989 launched the world's first snowy moon cake (Snowy Mooncakes), immediately welcomed by
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