This also improves Chen’s loyalty towards Levendary. DISADVANTAGES: The main disadvantage of this strategy is that the China operations cannot be controlled by Denver head office. Levendary fails in acquiring global recognition for its brand. The core hierarchical structure of approach changes with this strategy. Levendary loses its core values and may become inferior choice to the customers in China.
Achievement VS Ascription An achievement culture is based on how well someone performs whereas ascription is based more on the person’s background, connections or what they ‘do’. In China, guanxi plays a very important role in Chinese culture – it’s not what you know but who you know and this could have resulted in JPM’s princeling hiring practices. It was crucial that their organization knew and had connections with the ‘right’ people so that they could progress in the business developments in China. (Luthans & Doh,
Microeconomic factors significantly affect a business, especially global expansion. Therefore, some factors to analyze and monitor are the price elasticity of goods, competition in the market and the economy state. The state of economy determines consumer spending trends. An economic downfall will lead to a decrease in consumers spending and an increase in the economy state, will escalate consumer spending. 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.
Influencing by the media, more and more Chinese attempt to disassociate themselves from this reputation and learn about the proper manner and etiquette when traveling aboard. All in all, the main reason which facilitate an increasing number of Chinese to learn high-class etiquette is that they are crave to achieve the texture of upper class life to match up with their fortune. They also feel the need to adjust to the global environment, the urge to change criticism imposed by foreign media nowadays and the upliftment of women
For instance, to run a success business, a firm must know how to dissolve in different culture. Coca-Cola knows people from different culture, so they use their innovation to mix different cultures. Coca-cola came out with cans of Coca-Cola drinks with design of Chinese New Year during festive seasons to boost up their sales and celebrating festives with their customers. Coca-Cola focus more on market and work smart. Generally, comparing with old generation, Coca-Cola seems more popular in the younger groups.
The big debate here is, does Wal-Mart help or hurt our economy? Many people, including me; have their own opinions on the subject of Wal-Mart strengthening or weakening the American economy, they also have good reasons. Wal-Mart, Americas largest retailer, produces low price goods that Americans like to buy. The company imports most of their goods from china. Buying goods from overseas is good for the buyer but not for the economy because its creating jobs overseas in manufacturing and helping their economy, taking away from the American economy.
The main ethical issue to this story is the following: what сan we say about Google as a company with respect to its decision to move to a country with strict censorship policy. Will doing business there help to protect Chinese people’s rights and freedoms or is it just because of the possibility to enlarge target audience and thus increase profits? Let’s think it over. Many criticisms rose against this step of Google to provide censorship for search results in China – it was exactly opposite to their motto “Do No Evil” and their policy. Meeting the Chinese government requirements the company showed disregard to their own corporate mission in order to get profits.
The study also assessed how incorporating Confucianism into a business positively affected sales. The customer and shop worker not only communicated better but the study also shows if the manager were to have out any quotes or small artifacts about Confucius, that the customer would have a talking point and find the store more welcoming. Another example of Confucianism in modern Chinese society is through the media. There are a number of TV shows and movies that are set in ancient Chinese times and reflect the philosophies of Confucius. These shows portray the importance of tradition and the development of ones inner self, similar to the basis of
These insufficient causes the industry need to import raw materials, fabric and other inputs from another country instead mainly from China, Hong Kong ("Enhancing Export Competitiveness The Key to Cambodia’s Future Economic Success", 2016). The private sector also helps in promoting the sector by discussions and consultations with the private. As a result, the garment industry continued to grow, with production levels of
Also, it can ensure the quality of the products. The low-priced products policy could widen the customer group and attract more buyers to boost the sales. The weakness of selling premium is that only high-end buyers could afford to buy it. However, in China, there are a lot of people whose income are low, they absolutely will not buy those products. It reduced the market share.