The following explanation will also be following the there levels mentioned above. To solve the problem caused by globalization, the cooperation between countries is needed. China should make agreement with other countries about the factory emission standards, or make announcement through international organizations. This could be seen from the lens of politics. For domestic problems, problems could be analyzed through the perspective of law and economy.
Additionally, they came together with other countries for one purpose and that was to pass the Open Door Policy to allow everyone to access China. Thus humanitarian reasons for imperialism is invalid because the U.S. wanted to trade with China to improve their economy. Overall, out of the three theories, humanitarian, defense, and economic, economic is the main reason for American imperialism. This is shown in many case studies like Puerto Rico, the Dominican Republic, and China. The U.S. looked for opportunities to gain economic benefits
There is no doubt that competition in the U.S. is robust and is the same in China, however, Nordstrom must have the ability to choose their competitive advantage as a global expansion strategy regardless if it is suited for success in the Chinese market. If the limits and resources required for the development are obliged in any way, it could incite higher costs, delays, budgetary adversities and failure to meet their global objectives (Davis, 2017). In order to achieve and sustain competitive advantage, Nordstrom must manage their risks and threats effectively and coordinate appropriate productivity company wide. Nordstrom must focus security, customer experience, flexibility to guarantee competitive advantage and success. In order to succeed in international markets, Nordstrom has to keep both their global e-commerce price and divider costs relatively close.
There have been various studies conducted using Confucianism as a basis for how a company and its employees fare. Using themes like self cultivation, role ethics, and the cardinal relationships businesses have mapped out the long term effects of Confucian philosophies. In a study done by Tianbo Li titled The Influence of Confucianism and Buddhism on Chinese Business the author stated, “The economic success of China benefits from, or is closely associated with Confucianism” (Li 1). Examples of Confucius in the work place emphasize on building long-term connections, incorporating harmony, and cooperative principles in order to create an effective, organized, and collaborative work environment. The study also assessed how incorporating Confucianism into a business positively affected sales.
Fourthly, developmentalism, is the central drive for the country for their relations in the China and outside (international). According to Chinese Dream developmentalism is homogeneous to Chinese government and rules. Lastly, revitalization as a meaning speaks about the creation of hard power. Hard power is the growing importance of the soft power. Joseph Nye tried to explain what is soft power ":the ability to shape the preferences of others through the attraction of one's values, culture and policies, as well as the active export of Chinese values is closely associated with China's hope for a more favorable international environment and its desire to expand its
Trade in China began in the regions of Han; the downfall of the Han dynasty resulted in regional division within East Asia. This division produced political maturity within the regions of East Asia. In 589, the Sui dynasty was established; this dynasty's goal was to reunite China with the other regions. As a result, the Chinese were then able to trade with other regions which made them become a successful model later on. After achieving a long history of success, China’s cultural methods greatly influenced Japan, Korea, and also acted as a good example for many other countries in the world.
Family run businesses are a perfect example in china and amongst the Chinese diaspora. Most of these firms are Committed in exporting to international markets, raising capital on foreign exchange markets and have started developing their brand beyond China. An example of this is the Beijing based family run firm - Sunrise Technologies. The company’s recent Boom on the UK’s Alternative Investment Market (AIM) in order to raise the needed capital to develop and promote its Mulberry Tea brand beyond China. China’s development shows that the present body of literature on Internationalization theory is inadequate when explaining internationalization in a Chinese context.
The analysis of the case based on two cultural frameworks by Hofstede and Trompenaars & Hampden-Turner leads us to believe that there are several reasons at play behind JPMorgan’s (JPM) hiring practices in China. In China, identity among collectivists is defined by relationships and group membership where social behavior is governed by norms and obligations. There is an emphasis on relationships even if they may be disadvantageous and in-group goals have the utmost priority. According to Hofstede’s cultural framework, the key drivers of Chinese culture, and in the context of this case, in organizations such as JPM are as discussed below: Power Distance This aspect deals with the fact that all individuals in societies are not equal – it expresses
Personal Statement I would like to confirm that it is my motivating of Chinese culture that ignited my passion for cultural and creative industry. As a Tourism Management major student, I was able to explore the Chinese diversified cultures and landscapes, which offered me an insightful understanding of the Chinese cultural development. Under the guidance of commercialization, some cultural heritages have developed into huge tourism souvenir markets full of counterfeit and shoddy products. The over-commercialization reveals the fact that the Chinese culture is facing a severe situation. The country calls for a better cultural development strategy, which cultural and creative industry can offer.
Market driver has provided a stage for nations to conduct international trade. Meanwhile, nations are able to converge their cultures with other countries (for example, working attitude) as they have to learn and adapt to the culture of other countries in order to conduct international trade