...Everything is Made in China Made in china means products are manufactured in the mainland of China. People who live in China feel that all goods are made in China is a normal thing because the Chinese people do not really know almost everything in foreign countries also is made in China. Because of the cheap labors and China's large manufacturing industry, “made in China” becomes one of the most recognizable labels in the world today. “Made in China” has a huge range of goods from clothing to electronics (Garten). World economy is becoming so dependent on China as an industrial lifeline. China's importance to global manufacturing will resemble Saudi Arabia's position in world oil markets. As a result, there are more and more goods are made in China. Some people like goods which are made in China because these goods are cheaper. On the other hand, not all people think that goods are made in China is good thing. Just as the editorial cartoon I found, the editorial cartoon describes a broken plane which made by wood, and a soldier say: I told you we should not have bought those airplanes with the “made in China” sticker. Unquestionably, this editorial cartoon ridicules made in China means low quality. Moreover, all goods are made in China also has some negative influences for other economic facets. So the question here is so many goods are made in China is a good thing or a bad thing. Too many goods are made in China have many disadvantages. The main problem about...
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...dyEldora COMPANY IS A bike company's largest and most profitable in the United States. Proficient in market Eldora COMPANY 30% bike market in the USA. Eldora have COMPANY Main Concern of "creating value for shareholders and creating a comfortable working environment for all employees" Eldora COMPANY headed by Ann Reardon, where he has served as CEO at Eldora COMPANY OVER 13 Years. Immediate subordinates are Sean Andrews as Vice precident manufacturing and Dale Stewart as marketing vice precident. Eldora production now spread from the bike with cheap price range ($ 100 to $ 200) and for the price class expensive ($ 400 - $ 700). where for the low price range, the selling price of the product is more expensive than its competitors EDC but retailers still want to buy from EDC because the model used is always good, and the delivery is always on time. For expensive market Eldora COMPANY menjajakinya cooperation with other brands (Renaldi). Eldora COMPANY has some strategies that All production units are located on one site Workers at all levels is a human who likes to bike, follow the trends and are always looking for innovations Expansion into international markets through a joint venture with a local brand and other agreements Eldora Company faces the external environment with the dynamic growth of the bicycle market in the world for Americans only 2% per year while asia 4% for the year. At Eldora market bike purchase amount is less than 25% of the world market. While...
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...rise of the international market specifically in China and India. The book digs deep into the history of China and India to unravel the phenomal growth which has been taking place within the last decade. In fact these two countries were once extremely sheltered and self-imposed however understood and realized the opportunity for major growth would take its country to new heights. The Chinese were essentially influenced and inspired by Singapore to accept capitalism. Although communist, their leaders prized political stability, and they were willing to reverse the very essence of their party doctrine to accept and achieve capitalism. The communist party made it clear however, that they would allow economic freedom but not political freedom. They took very great measures to stay in control, some may even say too harsh. Furthermore, China was after more than just jobs, they were after modernization itself. The Chinese government made it very attractive for Americans and other firms to build factories, hire Chinese workers, and bring in the modern world’s expertise into China. However with all the talk about modernization, China’s government still placed the perceived needs of the state well ahead of individual liberties. In contract, following its independence from Britain, India had spent decades in economic exile. It took them much longer to modernize and accept some forms of capitalism. In fact, India eventually turned to China for inspiration, which once looked to Singapore...
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...California and made in china. Is an "extremely important market" for the company and it will continue to look at how to grow its presence in the country? However, China is not simply seen as a potential growth market for Apple products. The country often is regarded as the company's main production base. Just after a horrific rash of worker suicides at the Foxconn factory complex outside of Hong Kong in 2010, a monologist named Mike Daisey launched a one-man show called "The Agony and The Ecstasy of Steve Jobs”. If Apple can cut costs by having machines made in China then that is up to Apple. If China can make Apple machines to the quality that people around the world expect from Apple then many people in China will have much work to do. It is not just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products. Who attempted to capture value in global networks by using Apple's iPad and iPhone as research examples - shows that only about "$10 or less in direct labor wages that go into an iPhone or iPad is paid to Chinese workers". Most of them live in dormitories on the site of the factory. They work six days a week, 12 hours a day. They earn the equivalent of 17 US dollars a day, and they are plum jobs in China. Now, one example is...
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...If you were to look at a history of global economics over the years, you would find that many countries achieve (and sometimes fall from) economic superpower status. Examples of such countries include the U.S, the U.K, and Japan. The most current countries to join that list are India and China. However, whether they stay that way has yet to be seen. The Elephant and the Dragon written by Robyn Meredith takes a look at both countries’ rise to economic superpower status, and how it affects us now as well as the future. To achieve this Meredith begins with a recent history of each of the countries by examining the political and social factors related to the each of the countries’ rise. This is followed with a look into some of the economic similarities and differences between India and China as well as how the reforms both countries have in place affect U.S businesses and citizens. Through this process Meredith truly gives a truly complete experience with past, present and future analyzed. Unfortunately, there are certain areas of the book where issues with the material and Meredith’s interpretation arise. The first two chapters in The Elephant and the Dragon delve into the pasts of China and India, and the policies that made their growth possible. Meredith begins her look into China by looking at the effects of Mao’s rule. A major point that is brought up is Mao’s policy to collectivize farming. The policy to collectivize farming resulted in a 40% drop in agricultural production...
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...brief insight into the UK Car Industry; highlight the trade and non-trade barriers affecting UK car manufacturers and the adjustments they need to make regarding culture, language and regulatory frameworks as well as intellectual property protection. All information used to complete this research was contemporary information from 2007 to 2015. Then it will explain how multinationals such as Jaguar Land Rover can provide impetus to the UK Car Manufacturing Sector and critically analyse the success of the Jaguar Land Rover brand since 2008. (Check this introduction once report completed) UK Car industry background 1975 to Present In 1975 the UK produced 5% of the worlds Cars but by 2005 they had lost a significant share to Korea, Brazil, China, Spain, India who produce a significant amount of the worlds cars over see Figure 2 with the UK producing less than 2%. Figure 1 – World Car Production 1975 Figure 2 – World Car Production 2005 Source: Source: From 1996-2006 alone UK Car Production decreased by over 14% from 1.926 million to 1.65 million a dip of 10% from the previous year in 2005 was enough to put MG Rover into administration making over 6,000 people redundant. Production continued to decline see Figure 3 and with a dramatic decline in 2009 when the recession hit the government stepped in an introduced the government scrappage scheme as a cash incentive for people to recycle their...
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...9-706-401 REV: AUGUST 25, 2006 KRISHNA PALEPU TARUN KHANNA INGRID VARGAS Haier: Taking a Chinese Company Global Only by entering the international market can we know what our competition is doing, can we raise our competitive edge. Otherwise, we’ll lose the China market to foreigners. — Zhang Ruimin, 19961 All success relies on one thing in overseas markets—creating a localized brand name. We have to make Americans feel that Haier is a localized U.S. brand instead of an imported Chinese brand. — Zhang Ruimin, 20032 On December 26, 2004, Haier Group, ranked China’s number-one company by the Asian Wall Street Journal,3 celebrated its 20th anniversary with annual sales topping RMB 100 billion.a (See Exhibit 1 for Haier revenue growth.) Starting with a defunct refrigerator factory in Qingdao, Shandong province, founder and CEO Zhang Ruimin built Haier into China’s largest home appliance maker.b Globally, Haier ranked third in white goods revenues, and was the second-largest refrigerator manufacturer (with about 6% of the global market) behind...
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...impact upon many aspects of society, both local and worldwide, and as a result the American people should not support WalMart. Audience: How many people shop at Walmart? Introduction "Always Low Prices" is the famous pledge of WalMart, the retail-giant that features 180,000-foot "Super-Centers that sell everything from tires to groceries to live goldfish. In reality though WalMart's pledge should be "Always Low Prices, Always Low Wages, Always Low Morals, AlwaysLow Ethics"! WalMartis a behemoth corporation that "hauls off a stunning $220 Billion a year from its customers, resulting in a net profit of over 7 billion dollars a year for the company (Hightower 1). The famous blue vests of "associates" and the smiling yellow Dot that promises those low prices are not only common symbols in the United States, but also in nine foreign countries around the world. The super-giant retailer WalMart has a negative impact on many aspects of society, both local and worldwide, and as a result the American people should not support WalMart. Let's begin by looking at the problem of WalMart being a negative force. Body A. When WalMart builds a store in a town, it decimates the economy of the town and forces small-businesses out of business. According to Paul Kurtz's article, "The Decline of small business," when WalMart, "invades a town, many or most of the local businesses are driven out, changing the entire character of Main Street”. a. The reason so many small-businesses...
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...Using one specific company that you are familiar, examine the actual and potential impacts of globalisation on that company. Explain the reasoning behind the points you make. Evaluate possible strategies going forward which the company might use to respond to the impacts you have identified. 1. INTRODUCTION Globalisation is a word that is frequently being used by everyone, from politicians to businessmen and is often referred to closely united economies worldwide, with products, people and money moving easily; in greater volume and value throughout the world. It can be defined as “the process of transformation of local phenomena into global ones. It can be described as the process by which the people of the world are unified into a single society and function together. This process is a combination of economic, technological, sociocultural and political forces.” (Wall, Minocha and Rees, 2010, pg 14) Under the economist’s view point, globalisation focuses on: - • Growth of international trade • Increase in international capital flows • The developing control of multi-national company’s (MNCs) into the domestic and global markets Globalisation is not new, but is “a product of the industrial revolution. Britain grew rich in the 19th century as the first global economic superpower,” (BBC, 2011) due to its greater manufacturing technology and improved global communications such as steamships and railroads. However the possibility speed and scale of globalisation...
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...Chapter Outline OPENING CASE: Building the Boeing 787 INTRODUCTION STRATEGY, PRODUCTION AND LOGISTICS WHERE TO PRODUCE Country Factors Management Focus: Philips in China Technological Factors Product Factors Locating Production Facilities THE STRATEGIC ROLE OF FOREIGN FACTORIES Management Focus: Hewlett Packard in Singapore OUTSOURCING PRODUCTION: MAKE-OR-BUY DECISIONS The Advantages of Make The Advantages of Buy Trade-offs Strategic Alliances with Suppliers MANAGING A GLOBAL SUPPLY CHAIN The Role of Just-in-Time Inventory The Role of Information Technology and the Internet SUMMARY CRITICAL THINKING AND DISCUSSION QUESTIONS CLOSING CASE: Li & Fung Learning Objectives 1. Explain why production and logistics decisions are of central importance to many multinational businesses. 2. Explain how country differences, production technology and product features all affect the choice of where to locate production activities. 3. Discuss how the role of foreign subsidiaries in production can be enhanced over time as they accumulate knowledge. 4. Identify the factors that influence a firm’s decision of whether to source supplies from within the company, or from foreign suppliers. 5. Articulate what is required to efficiently coordinate a globally dispersed production system. Chapter Summary This chapter explores the issues associated with global...
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...Chapter Outline OPENING CASE: Building the Boeing 787 INTRODUCTION STRATEGY, PRODUCTION AND LOGISTICS WHERE TO PRODUCE Country Factors Management Focus: Philips in China Technological Factors Product Factors Locating Production Facilities THE STRATEGIC ROLE OF FOREIGN FACTORIES Management Focus: Hewlett Packard in Singapore OUTSOURCING PRODUCTION: MAKE-OR-BUY DECISIONS The Advantages of Make The Advantages of Buy Trade-offs Strategic Alliances with Suppliers MANAGING A GLOBAL SUPPLY CHAIN The Role of Just-in-Time Inventory The Role of Information Technology and the Internet SUMMARY CRITICAL THINKING AND DISCUSSION QUESTIONS CLOSING CASE: Li & Fung Learning Objectives 1. Explain why production and logistics decisions are of central importance to many multinational businesses. 2. Explain how country differences, production technology and product features all affect the choice of where to locate production activities. 3. Discuss how the role of foreign subsidiaries in production can be enhanced over time as they accumulate knowledge. 4. Identify the factors that influence a firm’s decision of whether to source supplies from within the company, or from foreign suppliers. 5. Articulate what is required to efficiently coordinate a globally dispersed production system. Chapter Summary This chapter explores the issues associated with global...
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...Chapter Outline OPENING CASE: Wal-Mart’s Chinese Suppliers INTRODUCTION ETHICAL ISSUES IN INTERNATIONAL BUSINESS Employment Practices Management Focus: Making Apple’s iPod Human Rights Environmental Pollution Management Focus: Unocal in Myanmar Corruption Moral Obligations Management Focus: News Corporation in China ETHICAL DILEMMAS THE ROOTS OF UNETHICAL BEHAVIOR Personal Ethics Decision Making Processes Organizational Culture Unrealistic Performance Expectations Leadership Management Focus: Pfizer’s Drug Testing Strategy in Nigeria PHILOSOPHICAL APPROACHES TO ETHICS Straw Men Utilitarian and Kantian Ethics Rights Theories Justice Theories FOCUS ON MANAGERIAL IMPLICATIONS Hiring and Promotion Organization Culture and Leadership Decision-Making Processes Ethics Officers Moral Courage Summary of Decision-Making Steps SUMMARY CRITICAL THINKING AND DISCUSSION QUESTIONS CLOSING CASE: Google in China Learning Objectives 1. Be familiar with the ethical issues faced by international businesses. 2. Recognize an ethical dilemma. 3. Discuss the causes of unethical behavior by managers. 4. Be familiar with the different philosophical approaches to ethics. 5. Know what managers can to do to incorporate ethical considerations into their decision making. ...
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...criticized as being runaway corporations.Economists are not in agreement as to how multinational or transnational corporations should be defined. Multinational corporations have many dimensions and can be viewed from several perspectives (ownership, management, strategy and structural, etc.) The following is an excerpt from Franklin Root, International Trade and Investment | Ownership criterion | Some argue that ownership is a key criterion. A firm becomes multinational only when the headquarter or parent company is effectively owned by nationals of two or more countries. For example, Shell and Unilever, controlled by British and Dutch interests, are good examples. However, by ownership test, very few multinationals are multinational. The ownership of most MNCs are uninational. (e.g., the Smith-Corona versus Brothers case) Depending on the case, each is considered an American multinational company in one case, and each is considered a foreign multinational in another case. Thus, ownership does not really matter. | Nationality mix of headquarter managers | An international company is multinational if the managers of the parent company are nationals of several countries. Usually, managers of the headquarters are nationals of the home country. This may be a transitional phenomenon. Very few companies pass this test currently. | Business Strategy | global profit maximizationsome are home country oriented,others are host country oriented.Successful firms: world-oriented,...
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...Examine changes of the new car industry within Germany and China Over 2007-2012 For this assignment I’ll be using information drawn upon findings from such sources as Keynote, Mintel and other online formats. The type of research that will be conducted will be secondary research, this will allow me to evaluate the key changes observed over a period of five years from 2007- 2012 of the new car industry; within Germany and China. Items that will be covered will be, commenting on similarities or differences observed between China and Germany’s car industry. By implementing two of the PESTLE (environmental and technological) the essay will give a significant overview of the changes observed within the two dynamic countries. Germany is one of the world leaders in the automotive industry, and is the biggest exporter within the EU for automotive vehicles by far. With a vast interest in the high quality products and excellent services that the Germany car industry has to offer they are benefiting from impressive figures as shown (Mccarthy, 2013) “Germany is the chief exporter by some distance. Europe’s economic powerhouse exported an impressive $245.4 billion worth of automobiles in 2011. During the same year, Germany reported $104.1 billion of vehicle imports.” This is bringing great amounts of wealth into the nation. By having seven of the world’s most popular brands (Audi, BMW, Ford Germany, Mercedes-Benz, Opel, Porsche, and Volkswagen) Germany are able to offer a vast range...
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