Due to different country’s policy, different business model are required for IKEA to run their business. For examples, IKEA will need to implement joint ventures as their business model to become successful in the Indian and China marketplace. Since the government for these countries requires that local business operations own about 51% control by Indian nationals, IKEA 's should find the right partner for its own. There are some advantages and disadvantages for IKEA to implement Joint venture as their business model. For the advantages are provide an opportunity to IKEA to access to the new markets and distribution networks, increased capacity to expand their business in foreign market, IKEA can share the risks and costs together with their partners and it will help IKEA to access to local resources, including specialised staff, technology and finance aspect.
If a brand has a good reputation, customers and businesses, are more likely to purchase that brand. Examples include logos and packaging. (B2B and B2C Similarities and Differences , n.d.) These need to capture the attention of their customers because businesses have competition and therefore need to stand out. Marketing strategies may differ between B2B’s and B2C’s. B2C transactions are likely to use marketing such as advertising, direct and Internet selling to market their products and services.
Second it is said to create new jobs, make companies more competitive, and lower prices for consumers furthermore the prices are not always lowered because countries manipulate their currency to get a price advantage. Third, countries or countries that are less advanced and many third world countries are provided with technology, for a chance to encourage people in which democracy and respect for human rights grow, plus a chance to develop economically. It has majorly made a difference affecting every country, but since we are focusing in Asia, let's mention history and how it affects Asia's culture, communication thanks to different sources such as letters and technology, in travel Asia receives thousands of immigrants and they migrate as well, economy since most countries rely on their good exportations to outer countries and in politics since they all stand together to fight against terrorism and
Short-term outcome may be important now, but building a relationship throughout a negotiation is far more important and far more valuable. I realized that the world is so small that we may actually meet our counterpart again in the future. With a bad impression on a previous negotiation, our counterpart is unlikely to make a deal with us again. This real-world negotiation enables me to reflect on what I did right and what I did wrong. I am glad to have such experience for me to apply what I learned throughout the readings and the negotiation
This solution is risk-free but, it does not give you the exact and precise information while the second solution involves interviewing the company managers, visiting the plant, or hiring the current or ex-employees of the company. It requires handling the situation very carefully. While you are working on this project you must try to be secretive until you figure out the required information. This solution is risky but it will bring out the exact figures and details for you. And will guarantee your promotion and upcoming
X. Key Metrics Maintaining an organized system for tracking key metrics is imperative for any successful business. ModernJET will measure essential components to the business such as Customer Acquisition Costs, Lifetime Values, and Viral Coefficient. ModernJET’s Customer Acquisition Costs must continue to be a low cost when observed. With the delegated customer segment, anything more than what’s currently decided would be deemed as unreasonable.
This myth that your guaranteed or entitled to success when that’s really not the case. You have to be willing to put in time in order to flourish. Another Similarity that both articles stress, is how important it is to take initiative. "Lay it out and then make a decision." (Check your gut) this is a great point because often time’s people have great ideas and great instinct but because of self-doubt, laziness or fear we don’t take action.
REPORT CRUCIAL CONVERSATIONS The book “Crucial Conversations” written by Kerry Patterson, Joseph Grenny, Ron McMillan, Al Switzler is a book that teach us how to handle and be prepare when crucial conversations arrive. Usually, those take place in the most unexpected moment, and it can take us by surprise generating an uncomfortable atmosphere. They are crucial because the stakes are high it is important haw to react and recognize this crucial moments, so we have to be assertive, intelligent and try to control our space in the situation with positive results. Even if the results are not positive, it is essential because it can impact the quality of our lives. According to the book they define crucial conversations as “the discussion between two people” and generally it happens in three occasions.
Understanding legal implications when developing a diversity training course that discusses such sensitive topics such as culture can be quite taxing. When I was approached by my superiors and requested to develop a program that can help our workforce understand diversity I knew I had to find a way to make cultural diversity be understood and embraced as a benefit rather than a daily challenge. With this type of training it is easy to lose the interest of your workforce before you can even explain due to how sensitive the topic is. The significance and the concept behind this other than just providing support to our global employees is the avoidance of time consuming and financially catastrophic legal issues. “The evolution of these legal and regulatory developments reveals a landscape filled with varied and multidimensional approaches to a common imperative.” (Collins, 2012) Federal regulations prohibit discriminations against workers based on color, religious beliefs, physical disabilities or age.
These are the key aspects that can affect the organisation and management structure of a firm, all these interpersonal communication, management attitude, and social norms have yet been taken into consideration for Porter’s diamond framework. Moreover, Porter’s diamond framework does not cover how national culture will then affect the competitiveness in the national business system (Bosch & Man, 1997). Porter also mentioned that in firm structure and strategy, Japan business system prefers to maintain long-term relationship with their suppliers in the automobile industry is not based on their cultural perspective but rather it is due to pressure under those economic circumstances. This sentence is proven wrong by Whitley (1991), Japanese culture is well known for close connection and long-term employment in order to make their business system unique. Businesses in Japan have strong bonding with their partners to create strategies in reducing uncertainties, likewise these cultural factors is the action that leads to keiretsu being formed in Japan business system (Earley & Singh,