...Overview China and India provide vast opportunities for trade and investments in all major sectors. In the next few decades, China and India will join the U.S to become the three largest economies in the world. China and India will provide enormous upside potential for U.S. firms, as well as risks. Cultural System Doing business in a particular nation needs a multi-dimensional understanding of its culture and business practices. Understanding those differences and adapting to them is the key factor. India The Indian economy has been booming for the past few years. The country holds great promise for the future. The business culture of India is a reflection of the various norms and standards followed by its’ people. Indians have various cultural yardsticks, which extend to their business culture too. I found the following culture norms to be important: 1. “The ‘Namaste’ forms an important part of Indian etiquette and is generally used while greeting and saying good-bye. This gesture is performed by pressing the palms of both hands together (fingers up).” However, educated Indian men and women, who are acquainted with western customs, prefer shaking hands. Moreover, while greeting any individual use his or her title. To mark respect, you may also add a suffix ‘ji’ to the name of a person. 2. In India, companies follow a hierarchical system and the decision making is usually from the top to bottom. Business decisions could be at times time consuming, and International...
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...that no one goes anywhere without their smart phone in their pocket and a GPS in their car. A field that has been completely changed by advances in technology is the medical field. No longer due doctors take ones temperature or blood pressure manually, they have special devices that can give a more accurate reading then a human ever could. Hand held medical scanner technology is showing an astonishing breakthrough and can revolutionize home and hospital medicine just as the home thermometer did. These types of devices have already improved the way care is given in the U.S. greatly and can do the same for countries all over the world. The two countries I chose to enter are ones that have been growing rapidly in almost all aspects, China and India. Handheld medical scanners are a real product being used but are very new and do not have much of a history or a company that solely produces them. So what are they? According to David Freeman in the Huffington Posts article “Star Trek's Tricorder Medical Scanner May Become Reality, Thanks To Nanotechnology Breakthrough,” using nanotechnology, physicists in London and Singapore found a way to make a beam of the "T-rays"--which are now used in full-body airport security scanners--stronger and more directional. The advance, which was described in a recent issue of the journal Nature Photonics, could lead to T-ray scanning devices that are smaller and more portable than existing devices. "T-rays promise to revolutionize medical scanning...
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...1.0 Introduction 1.1 Purpose The purpose of this cost management plan is to define the methodology by which costs associated with the Building Expansion Project will be managed. This is necessary to ensure the successful completion of the project within the allotted budget constraints. There are several cost components associated with this project as well as many metrics, cost variance considerations, and reporting which this plan will outline. To complete this project successfully, all key project members and stakeholders must adhere to and work within this cost management plan and the overall project plan it supports. The Project Manager will be responsible for managing and reporting on the project’s cost throughout the duration of the project. During the monthly project status meeting, the Project Manager will meet with management to present and review the project’s cost performance for the preceding month. Performance will be measured using earned value. The Project Manager is responsible for accounting for cost deviations and presenting the Project Sponsor with options for getting the project back on budget. The Project Sponsor has the authority to make changes to the project to bring it back within budget. 1.2 Scope This section describes what will be included in the cost management plan for this particular project. Project costs may consist of many internal and external components or unique items depending on the nature of the project. It is important to define...
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...In this essay, the political regimes of China and United States will be discussed. A political regime is an assembly of political structures that make up a government. This helps in regulating the management of the government and building of the society. The three ways how the government can choose to run the country are via, One-Party State, Liberal Democracy or Military Dictatorship. China and United States have the world’s biggest economies and effective militaries with their ruling influencing politics globally. Even with a huge trade agreement and countless diplomatic meetings, the both countries are unable to sustain a façade of a civil relationship. Though, there is pressure from leaders of United States, China is not discouraged but instead continues to grow its economy. (Super-power showdown - US vs. China, 2012) China follows a One-Party State political system. It is led by a highly controlling communist party. The Chinese Communist Party is fully committed in upholding endless domination in power and will not tolerate others who doubt its right to rule. Freedom of speech is strictly constrained. The Chinese Communist Party dictates both state and society in China. They have been ruling China for over six decades, ever since they gained power in 1949. There are no elections in China. All institutions, executive, judiciary and legislation are all communist as well. (Lawrence & Martin, 2012) Benefits of being a socialist include: equal distribution of...
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...Copy of Copy of Mary Kay in India No description by Mohit Bhatia on 17 November 2013 •342 Comments (0) Please log in to add your comment. Report abuse Transcript of Copy of Copy of Mary Kay in India Mary Kay in India Table of Contents Case Background Case Analysis Swot 4P's Other research Questions Conclusion Recommendations Case Background Founded in Dallas, Texas (1963) Headquarters: Addison, Texas Located in 35 countries in 5 continents. Key people: Mary Kay Ash, Founder, David Holl, CEO Net sales of USD 2.9 billion Richard R. Rogers 1963, Executive Chairman Employees, Staff - more than 2.5 million independent beauty consultants. Over 200 products. Manufacturing plants in Dallas, Texas and Hangzhou, China Conclusion What did we cover? Successful worldwide, but failed in India. It is still suspicious - "pyramid scheme". Questions Case Analysis Marketing Mix Recommendations 1. Understanding the political environment of India before entering India market. 2. Adapt to the India economy and localize some products. 3. Localized manufacturing. S.W.O.T Strengths Established brand image Strong financial position Diverse portfolio Strong international presence Superior sales training Strong buyback system. Weaknesses No manufacturing plants in India Slow growth in revenues Sales consultants don't have access to product in bulk Volatility of direct sales Weak control over sales consultants Poor logistics and distribution...
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...of Chinese Economic and Foreign Trade Studies * Business and Politics * Journal of Asia-Pacific Business * International Journal of Economics and Business Research * Global Business and Economics Review * Journal of Global Business Issues The following sources may also be useful (but note that these are not regarded as scholarly references so cannot be counted in your minimum): * The Economist - www.economist.com/ * The Wall Street Journal (Asia Edition) - asia.wsj.com/home-page * The International Economy - www.international-economy.com/ * MIT Sloan Management Review - sloanreview.mit.edu/about/ * China Brief - www.jamestown.org/chinabrief/ * China Development Brief - www.chinadevelopmentbrief.com/ * Business Standard [on India] - www.business-standard.com * The World Factbook - www.cia.gov/library/publications/the-world-factbook/ * BBC News: Country Profiles - news.bbc.co.uk/2/hi/country_profiles/default.stm As a helpful starting point below is a list of references which have been randomly harvested from previous student essays as found: McNally, C. A. 2011. ‘China’s Changing Guanxi Capitalism: Private Entrepreneurs between...
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...POLI3001 Assignment No. 2 Briefly compare the political regime type in China and India. Which of the two would you prefer to do business in and why? India and China are two republics that have experienced very opposing political regimes throughout history. China has been fundamentally stable country with a lack of a distinct authority figure (Desai, 2003). Being a single party state China has been controlled by the Chinese Communist Party since the 5th National Congress held in 1927 (Wang, 2013). Correspondingly India, have always been a federal parliamentary democratic republic where the President of India elected is head of state and the Prime Minister elected is the head of government (U.S. Central Intelligence Agency, 2013). This essay will reflect on the political views of both China and India, and attempt to determine why it is more advantageous to do business in India. Government regulation is the process of dissemination, monitoring and enforcement of policy established by appropriate legislation. In, China regulation is central as particular industries are not accessible to foreign investors as the Communist Party aims to restrict external influences on its own population (Desai, 2003). An estimated 90 percent of companies listed on the Chinese exchanges are either partly or fully state-owned (Desai). Retaining a level competition base is significantly reduced, as the chances of competing against a government owned company is more than likely. A good example...
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...India’s Economy Vs China’s Economy College of Business Administration Macroeconomics Table of content History of the Indian Economy 3 India GDP Growth Rate 3 History of the Chinese Economy 4 China GDP Growth Rate 4 Economy of India 5 GDP 5 Unemployment 6 Inflation 7 Economy of China 8 GDP 8 Unemployment 9 Inflation 10 India's Export and Import 11 China's Export and Import ...
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...Group 2 Group Members Kouadio Dieudonne XPGDM-18 Rohit Khandelwal XPGDM-28 Shruti Tibrewal XPGDM-32 COUNTRY AT A GLANCE Population | 1.364 billion | 2014 | GDP | $10.35 trillion | 2014 | GDP growth | 7.3% | 2014 | Inflation | 2.0% | 2014 | CHINA Economic Overview The Chinese economy experienced astonishing growth in the last few decades that catapulted the country to become the world's second largest economy. In 1978—when China started the program of economic reforms—the country ranked ninth in nominal gross domestic product (GDP) with USD 214 billion; 35 years later it jumped up to second place with a nominal GDP of USD 9.2 trillion. Since the introduction of the economic reforms in 1978, China has become the world’s manufacturing hub, where the secondary sector (comprising industry and construction) represented the largest share of GDP. However, in recent years, China’s modernization propelled the tertiary sector and, in 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable 45.0% of the country’s total output. Meanwhile, the primary sector’s weight in GDP has shrunk dramatically since the country opened to the world. China weathered the global economic crisis better than most other countries. In November 2008, the State Council unveiled a CNY 4.0 trillion (USD 585 billion) stimulus package in an attempt to shield the country from the worst effects of the financial crisis. The...
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...Thomson, M. (2013). Trade partnership competition: TPP vs RCEP. The Strategist. http://www.aspistrategist.org.au/trade-partnership-competition-tpp-vs-rcep/ Yu, W. (2013). TPP Talks Show Promise for US Asia Strategy—With or Without China. The Diplomat. http://thediplomat.com/pacific-money/2013/08/02/ tpp-talks-show-promise-for-us-asia-strategy-with-or-without-china/ ANU, S. A. (2011). China’s participation in the Trans-Pacific Partnership . East Asia Forum. http://www.eastasiaforum.org/2011/12/11/china-participation-in-the-trans- pacific-partnership/ UI, B. P. (2012). Will RCEP compete with the TPP?. East Asia Forum. http://www.eastasiaforum.org/2012/11/28/will-rcep-compete-with-the-tpp/ Ponnudurai, P. (2013). China vs. US in Proxy Trade Battle. Radio Free Asia. http://www.rfa.org/english/commentaries/east-asia-beat/tpp-02052013221256.html U.S. is becoming the global leader and is now dominating TPP. Nowadays, U.S. wants to combine with countries that involved TPP to put pressure on other agreements or on the other countries that are not involved, both strategic dimension and economic dimension. In this paper, I will briefly discuss with TPP versus RCEP and TPP versus China. the tpp is foucs on the preferential trade agreement with few exemptions and extensive regulatory alignment, in the area such as labor law, environmental protection and intellectual property rights. RCEP stands for the Regional Comprehensive Economic Partnership. This is a newly proposed...
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...Global Economics Paper No: 192 Goldman Sachs Global Economics, Commodities and Strategy Research at https://360.gs.com The Long-Term Outlook for the BRICs and N-11 Post Crisis The BRIC and N-11 countries are emerging from the crisis better than the developed world. As a result, our long-term projections for the BRICs look more, rather than less, likely to be realised. It is now possible that China will become as big as the US by 2027, and the BRICs as big as the G7 by 2032. Within the BRICs and N-11, China, Brazil, India, Indonesia and the Philippines appear to be performing best. Bangladesh, Egypt, Korea, Nigeria, Turkey and Vietnam form a second group of countries that have performed broadly in line with expectations. Iran, Mexico, Pakistan and Russia have need for improvement. We show the ongoing dramatic BRIC influence in key product markets, with autos and crude oil as examples. Important disclosures appear at the back of this document Thanks to Dominic Wilson, Michael Buchanan, Paulo Leme and Swarnali Ahmed for their valuable comments, and to Alex Kelston for the Growth Environment Scores Jim O’Neill and Anna Stupnytska December 4, 2009 Goldman Sachs Global Economics, Commodities and Strategy Research Global Economics Paper Contents Summary Section 1. Where We Stand on the BRICs and N-11 Section 2. The BRICs and N-11 in the Aftermath of the Crisis 2.1 BRICs and N-11 Global Importance Continues to Rise 3 4 6 6 Higher growth contribution...
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...responsible for omissions or errors. Figures in tables and analyses are calculated from unrounded data and may not sum. Analyses found in the briefings may not totally reflect the companies’ opinions, reader discretion is advised. The PAs will add the report abstract here © Euromonitor International 1 THE SPORTSWEAR REVOLUTION: GLOBAL MARKET TRENDS AND FUTURE GROWTH OUTLOOK MAGDALENA KONDEJ – HEAD OF APPAREL RESEARCH 24TH JULY 2013 STATE OF THE INDUSTRY: THE HIGHLIGHTS DYNAMICS OF MAJOR SPORTSWEAR MARKETS EXPLORING HOT CATEGORIES AND INDUSTRY TRENDS EMERGENCE OF OMNI-CHANNEL – WHAT DOES IT MEAN FOR SPORTSWEAR BRANDS? THE SPORTSWEAR REVOLUTION: GLOBAL MARKET TRENDS AND FUTURE GROWTH OUTLOOK Setting the scene - sportswear vs other consumer goods industries $1728bn $2200bn $433bn $770bn $245bn Forecast % CAGR 2.7% 4.1% Sportswear 2.3% 3.0% Beauty and Personal Care 2.1% Consumer 4 Electronics © Euromonitor International Apparel and Footwear Packaged Food THE SPORTSWEAR REVOLUTION: GLOBAL MARKET TRENDS AND FUTURE GROWTH OUTLOOK Three-speed recovery of the global apparel and footwear market Apparel and Footwear Market Value Growth 2012 5.8% Global growth in 2012 US 2.2% © Euromonitor International EUROZONE -0.4% EMERGING AND DEVELOPING COUNTRIES 12.2% 5 THE SPORTSWEAR REVOLUTION: GLOBAL MARKET TRENDS AND FUTURE GROWTH OUTLOOK Sportswear outperforms across all years Market Value Growth 2007-2012 ...
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...Case 6-4: China and India: Opportunities and Challenges Overtime, China and India have developed some capabilities, which have affected developed nations like U.S, Germany, Japan and so on. The rising capability that the two countries possess is as a result of their ability to assign their available resources (factor conditions) to specific productive areas to yield viable outcome. Rarely has the economic ascent of two still relatively poor nations been watched with such a mixture of awe, opportunism, and trepidation. The postwar era witnessed economic miracles in Japan and South Korea. But neither was populous enough to power worldwide growth or change the game in a complete spectrum of industries. China and India, by contrast, possess the weight and dynamism to transform the 21st century global economy. Never has the world seen the simultaneous, sustained takeoffs of two nations that together account for one-third of the planet’s population. For the past two decades, China has been growing at an astounding 9.5% a year, and India by 6%. Given their young populations, high savings, and the sheer amount of catching they still have to do, most economist figure China and India possess the fundamentals to keep growing in the 7% to 8% ranges for decades. (Cravens, 2013) Barring cataclysm, within three decades India should have vaulted over Germany as the world’s third-biggest economy. By mid-century, China should have overtaken the U.S as No. 1. By then, China and India could account...
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...Energy India: Towards Energy Independence 2030 January 2014 Copyright © 2014, by McKinsey & Company, Inc. India: Towards Energy Independence 2030 January 2014 4 India: Towards Energy Independence 2030 Introduction India is the world’s fourth largest economy1 as well as the fourth largest energy consumer. India imports a substantial portion of its energy — 80 per cent of its oil, 18 per cent of its gas, and now even 23 per cent of its coal. As the Indian economy continues to grow, so will its energy consumption, especially as the growth of its manufacturing sector catches up with services and agriculture. With domestic resource production facing various challenges, the general expectation has been that Indian energy imports will continue to grow, and energy security concerns will intensify. The outlook and options for Indian energy independence therefore becomes an important topic. A 2030 outlook is particularly relevant since it is difficult to significantly change energy policy in 5 or 10 years, but almost any boundary conditions can be changed over a 15-year period. Moreover, there have been few if any, in-depth perspectives on this topic for 2030. This white paper builds off the ‘2030 Global Energy Perspective’, McKinsey’s substantial body of research on energy demand and supply, and our understanding of the evolution of the global and Indian energy sectors. We have tried to address some of the basic questions that arise about Indian energy in 2030: Is India’s...
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...Contenido Current role of China – industry overview 1 (subcomparison) Challenges 1 Comparison 2 Why China? 2 Market segments 2 Case study 2 Influence of China in the Global Supply Chain 3 China’s changing logistics Challenge 3 Future role of China 3 1. Intro – Why China, past growth of China to become what it is now 2. Current Market – Role (Market Share) a. Comparison (with developed and developing Economics) Vs India Vs Brazil b. Challenges Current role of China – industry overview http://www.kpmg.com/cn/en/IssuesAndInsights/ArticlesPublications/Documents/Transport-Logistics-in-China-201112.pdf http://www.boozallen.com/media/file/Integrating_China_into_Your_Global_Supply_Chain.pdf http://www.slideshare.net/kcyoon/china-logistics-industry-trends-investment-opportunities2011 Challenges http://www.funggroup.com/eng/knowledge/research/china_dis_issue96.pdf Comparison http://www3.weforum.org/docs/WEF_GAC_GlobalTradeSystem_Report_2012.pdf Why China? Past : http://www.scdigest.com/assets/On_Target/09-08-05-3.php http://www.prweb.com/releases/2011/3/prweb8255953.htm http://www.iisd.org/trade/china/markets.asp http://www.topix.com/forum/world/TP5F0RE0CMU49216B http://www3.weforum.org/docs/WEF_GAC_GlobalTradeSystem_Report_2012.pdf Market segments http://www.slideshare.net/kcyoon/china-logistics-industry-trends-investment-opportunities2011 Case study Goodyearhttp://www.boozallen.com/media/file/Integrating_China_into_Your_Global_Supply_Chain...
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