Increasingly companies will adopt this approach as part of their growth strategies especially in the international arena. Foreign companies will combine their technological and monetary resources and taking advantage of respective market conditions in order to benefit mutually. Soon international joint ventures will become the norm rather than the exception and in more industries than ever before. China will be moving forward to a global economic system. Most of businesses and industries in one’s country are greatly needed to get involved with the brand expansion and use joint venture strategy to develop an innovation and enhancement of company and to maintain good business internationally as well as company’s image and standards.
ADVANTAGES: Chen is capable of expanding and growing the business enormously with the support from the management of Levendary café. Chen is the right man for the job with the knowledge of Chinese culture. Establishment of China headquarters help to track the accounting and financial reports of operations carried out in China. This strategy will help in increasing the number of outlets in coming years. This also improves Chen’s loyalty towards Levendary.
What is global factors in the business? Global factors are mean that some global forces and trends would influencing the firm running decisions and strategies, these global factors are including modern communication technologies, multinational companies and some global institutions. (Max, 2017) In the modern communication technologies There have to way for Xiaomi to taking advantage from this global factor. Firstly, the benefits from the well-developed of internet make Xiaomi enjoy the advantage of easy access to information. (Ramey, 2016) Since it is easy to get some information from internet like the local culture and trending of UK which can help Xiaomi more easy to setting a strategy when it opens a new branch in UK.
The rationale for acquisition 1. Shared Mission: Facebook’s acquisition of WhatsApp on 19th February is in line with its mission to make the world more connected; more open and give more power to people 2. Increasing smartphone penetration Figure 1: Increasing smarphone penetration The PC market is saturating and the smartphone penetration is increasing at a rapid pace. More and more people are now accessing the Internet over their mobile phones. Smartphones play an important role in connecting people.
“Communication has been made easier for example the internet brought e-mail and chatting facilities” (Admin, 2012). They now have Skype available on some mobile devices to make it more convenient to use the app. Employment opportunities have defiantly increased because of technology. They have made it to where you can work from home. This makes it easy and more efficient to get your work done.
NAME: SHARIFAH PUTERI SURATI BT SAYID ABDULLAH NO MATRIK: S39576 GROUP: K14 TITLE: EFFECTS OF THE USE OF TECHNOLOGIES ON ECONOMY. In the last decade, computer and telecommunications industry has been advancing in many countries especially in developed countries like the United States, China, and Australia. Technology gives positive effects on business nowadays which give positive results on economic growth. This is because, technology makes everyone get connected without limit and the information can get easily in one place. In addition, technology makes every business function like accounting, human resources, marketing, sales and customer service become easier and can be done efficiently by just using technology.
In India, M-commerce is a new marketing system and it is growing at a very appealing rate. It would find that smart phone industry has the fastest growth in the market. Through the introduction of mobile banking by the RBI guidelines and e-commerce player Flip kart has also introduce the mandatory mobile app for shopping through phones, this is to become the fact for purchasing through mobile phones now make an ease to the people (Javed Usmain, 2015). Today mobile phones has become a lifestyle device for the people which is not only tool to connect
It has become a prominent strategy that is useful to global economy for a large number of companies (Luo, 1999). Worthington (2003) agreed that ―In this highly competitive market the companies are considering to enter new countries to gain advantages from their rivals either to reduce cost or as a strategy for boosting demand. Therefore, in order to ensure their survival, firms are urged to get into the international new markets. In the (“Education, Employment & Entrepreneurship”, 2013), every country most especially well developed ones must always be concerned about providing jobs because population growth inevitable in developed countries. If we continue to dismiss this problem, when the youth mature and become the new incoming workforce then there will be intense competition in the market therefore job opportunities is lost.
According to Lee and Kim (2007) mobile banking services have managed to provide freedom of time along with cost savings to its users and room for market growth for the service providers. The mobile phone menu and other extra up to date applications can now connect bank systems to the phone network, hence introduction to more user friendly interfaces. Consumers can now enjoy financial services anytime
The next is improved comunications, communication is like water to life. We cant develop without communication. Modern technology has blessed us with advanced communication technology tools. This includes e-fax machines,e-mails,mobile phones,instant text messaging and social networkung applications. We can easily talk to our relatives overseas using mobile phones or video chatting like skype.