...Asian Business Tutorial 7 Week 8 (m) How would you characterize and explain the process of decision making in Korean companies? (n) What changes have taken place in management in Korean companies since the crisis of 1997? -------------------------------------------------------------------------------------------------------------------------------------- (m) Owing to the strong influences of family traditions, there is a tendency for Korean corporate leaders, especially founders, to manage on the basis of principles governing the family or clan system. In the traditional Korean family, the father is the unquestioned and respected head. He has almost absolute power to wield if he so wishes. The traditional Korean father also has full responsibility to feed the family and to decide the future of his children. One legacy of such a family tradition for business leadership in Korean companies is the strong authoritarian style of superiors in the managerial process. A top-down decision-making style is fairly typical among Korean companies. Usually, 80% of the authority lies in the upper management level, with middle or lower management having very limited authority. Authoritarian leadership has been a well-accepted managerial norm under the centralized structure of Korean companies. The passive attitude of the subordinates is further conducive to the authoritarian style. The traditional decision-making pummi style (proposal submitted for deliberations) was used more to diffuse...
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...Business practices in Asia Essay Essay topic – What is corruption and how does corruption affect business in Asian contexts? Choosing two Asian countries examine and compare their anti corruption strategies. Corruption, a problematic issue within business practice throughout modern Asia. Two of Asia’s biggest players, India and China, both are nations of great contrast, a definite distinction between the wealthy upper class and poverty stricken lower class, with an arguably absent middle class. Both nations are rich in tradition and culture, another similarity; an underlying rift of corruption and bureaucracy which plagues the nations. The extent of corruption in India and china, both past and present, will be examined in the essay as to how it affects business within the countries and on a more global level, how this corruption affects its standing with foreign investors. As a result of this widespread corruption, there has been a heavy focus on anti corruption strategies in the areas over the past few decades. Corruption, on its most basic level, is described as “an act done with intent to give advantage inconsistent with official duty and the right of others” (CPIB: What is Corruption. 2012). In economic terms, corruption generally refers to the payment for goods or services, which is not due to the beneficiary. From a historical standpoint, India has an extensive past of corruption, but I will focus on the more recent history of corruption in India, in the period...
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...of an Asian American young adult. I will write about some of the different things, in which I have experienced living here in the United States of America. I am twenty-three and living in Necedah, Wisconsin with my mother, father, grandparents, and three younger sisters. My family and I are considered to be part of a minority group in the United States, even though I was born and raised in Necedah. I am labeled Asian Indian because of my ancestral background. However, I just like to tell people I am American. I continue to practice my family’s cultural traditions and religion. I am a believer in Hinduism. My family is from a city in India, in which is known as New Delhi. The city is India’s capital. My family and I visit New Delhi at least once a year to see family. India is a peninsula located in South Asia. India is surrounded by the Himalaya Mountains, Pakistan, the Indian Ocean, and the Bay of Bengal. There are about 900 million people that live in India today, which makes it the most populated country in South Asia, and covers about 1.5 million square miles of land. The only other country in Asia larger in population is China. The first Asian Indians came to the United States was in the middle of the 19th century. Most of the Asian Indians, during that time, came to the United States in search of economic opportunity and worked mostly in agriculture and construction. Others came as merchants or traders. Towards the end of the 20th century Asian Indians...
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...International business A) Identify and critically evaluate the strategies used by the company to internationalize. Since its foundation in 1942, Asian Paints Limited, an Indian chemical company headquartered in Mumbai- India, has come a long way to become India’s largest paint company with a turnover of 10 billion pounds. The company operates in 17 countries and has 25 paint manufacturing facilities around the globe servicing consumers in over 65 countries. Asian paints has always been a leader in the paint industry, pushing new concepts in India like color worlds, home solutions, color next and kid’s world. The company has progressed notably since its small beginnings in 1942. It was set up as a partnership firm by four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time. Over the course of 25 years, Asian Paints became a corporate force and India’s leading paints company. Driven by its strong consumer-focused and innovative spirit, the company has been the market leader in paints since 1967. Today it is double the size of any other paint company in India, manufacturing a wide variety of paints for decorative and industrial use. Asian paints aims to become one of the top five decorative companies worldwide by leveraging its expertise in the higher growth emerging markets. Simultaneously the company intends to build long-term value in the industrial coating business through alliances with established global partners...
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...“African – Americans, Asian – Americans, and Latino’s have been depicted in television, sports, and films in ways that have been changed in our society” (Omi 655). Stereotypes play an important role in today's society and particularly in Propaganda. According to the Webster's Dictionary stereotyping is defined as “a fixed conventional notion or conception of an individual or group of people, held by a number of people.” (Webster’s dictionary) Stereotypes can be basic or complex generalizations which people apply to individuals or groups based on their appearance, behavior and beliefs. Stereotypes are found everywhere. Though our world seems to be improving in many ways it seems almost impossible to liberate it from stereotypes. For example, African- Americans are associated with basketball, and acting. Asian – American men are made out to be the bad guys in film, women are seen as prostitutes and are sexual abused. Last but not least Latino’s are popping up everywhere, in hit TV shows like Ugly Betty, in major league baseball and in the music business. Stereotypes have existed since the beginning of time in our everyday life through religion, politics and the media. Humans have the tendency to use stereotypes in their humour, their descriptions of others, and even in their beliefs. One may believe it is possible to rid oneself of such habits; however if one looked at the regular promotions of propaganda, it would make this objective impossible. Stereotypes, however, aren't...
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...Bates mentioned in her article that Koreans migrated to L.A in the 1960’s because they believed this city would give them the best opportunities economically. Bates further states that “purchasing a business was expensive, so the new immigrants bought where they could afford property, often in poor, working-class neighborhoods in and near South L.A” (NPR, Karen Grigsby Bates). A key part of Bates’ argument was that they “came here without any knowledge of a history of racial confrontation or race relations in America”. Korean Americans built Koreatown from the ground up in the 1960s. Korean American business owners take a lot of pride in what they have created (Koreatown) over the last few decades. It was recorded that over a hundred businesses owned by Korean immigrants were “torched” in the riots (Bates). Naturally, the racial tension between these two ethnic groups grew over the years, and it took an incident like Rodney King to spark racial conflict into something physically violent and...
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...Health Promotion Among Asian Americans Robert Ramirez Grand Canyon University: NRS-429V Family-Centered Health Promotion February 22, 2015 Health Promotion Among Asian Americans The U.S. Public Health Service defines health promotion as “the process of advocating health in order to enhance the probability that personal, private, and public support of positive health practices will become a societal norm” (Edelman, Mandle, & Kudzma, 2014). Health is a basic human right; optimal health is a well-balanced structure of emotional, physical, spiritual, psychological, intellectual, and social well-being. The purpose of health promotion in nursing is to increase health knowledge that will in turn positively influence health behaviors of individuals and communities (Foster, 2012). Roughly 36% of the U.S. population is made up of various ethnic or racial minorities. Of that 36%, 4.8% were Asian Americans. According to the Office of Management and Budget, “Asians” consist of people that originate from the Far East, Southeast Asia, Cambodia, China, India, Japan, Korea, Malaysia, Pakistan Thailand, Vietnam, or the Philippine Islands (CDC, 2014). These 14.7 million people are dispersed throughout the country, with Hawaii having the largest concentration (57%) of the total Asian population (CDC, 2014). The CDC (2014) states that minority groups “experience a disproportionate burden of preventable disease, death, and disability compared with non-minorities.” This paper will concentrate...
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...BU Y 15 April, 2008 Key Data CMP Target Price Key Data Bloomberg Code Reuters Code BSE Code NSE Code Face Value (INR) Market Cap. (INR mn.) 52 Week High (INR) 52 Week Low (INR) Avg. Daily Volume (6m) APNT IN ASPN.BO 500820 ASIANPAINT 10.0 113,372.6 1,319.95 751.0 41,654 (INR) 1200.0 1419.0 Asian Paints Limited Introduction Asian Paints Limited (APL) incorporated in 1942 ranks among the top ten decorative paint companies in the world. It has presence in decorative and industrial coating segment of the paint business. Besides, the Company operates around the world through its subsidiaries Berger International Limited, Apco Coatings and SCIB Chemicals. APL has its presence in almost all the segment through its brands Royale in the premium segment, Apcolite in the mid-segment, Gattu, Tractor, Utsav and 3Mango etc. in the lower segment. Investment Rationale The Indian Paint Industry growing at 1.5 times the GDP growth. Assuming the country GDP grows @7.5% p.a, the Indian paint industry is expected to grow at a CAGR of 11.85% from Rs. 112 bn. in FY07 to Rs. 156.7 bn in FY10E. In order to cater the incremental demand of the domestic paint industry, total capacity addition coming upstream in over the period of two year i.e. from FY08E to FY10E is around 255450 tonne. Out of this incremental supply around 82% will be contributed from APL resulting in increase in market share from 37% in FY07 to 42% in FY10E. APL’s dominance in paint industry and presence across all segments...
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...Asian Pacific Americans are portrayed in the media in a variety of contradictory stereotypes, ranging from the "model minority" at the head of his or her class in school, to the non-English-speaking welfare recipient who is a "drain on the system." Asians are also characterized in film as unscrupulous businessmen and cruel mobsters, or as compliant, submissive and exotic. One-dimensional portrayals, coupled with the absence of accurate images and positive role models, obstruct public understanding of the Asian American community, which can contribute to an anti-Asian climate. Despite the diversity among Asian Pacific Americans, they are often misperceived as a monolithic group. Thus, even though an act of anti-Asian sentiment might be perpetrated with a particular ethnic group in mind (e.g., Indian, Filipino or Korean), a failure to make distinctions between Asian Pacific American ethnic groups causes members of all groups to become potential victims of hate crimes. Hate incidents are expressions of hostility based on race, religion, ethnicity, gender, sexual orientation or disability. Hate incidents are not illegal. They may take the form of name-calling or using racial slurs, hate speech, the distribution of racist leaflets or other disrespectful behavior. Hate crimes are defined by federal or state statutes. A hate crime occurs when a person commits an act such as assault, battery, criminal damage to property, criminal trespass to property or mob action because of the victim's...
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...------------------------------------------------- Religion and Ethnic Diversity Culture Diversity June 2, 2013 June 2, 2013 Religious Group Jehovah Witness The religious group Jehovah’s Witness was founded in the 1870s by Charles Taze Russell; he believed that hell did not exist. Jehovah’s Witness also believe in the end of times and Armageddon. Jehovah’s Witness reject the cross because to them the cross represents a fertility symbol; they do not wear crosses nor print the cross on their bibles. “Although Jehovah’s Witnesses identify themselves as comprising a Christian denomination, other groups regard them as a cult that stands outside orthodox Christianity.” (Sharpe, 2010, p. 1) There are other religious groups like the Roman Catholics that believe in forgiveness of sin with a church ritual through confession with help from a priest, the Latter-Day Saints (Mormons) believe that Jesus Christ is the savior of the world; he is the only way to return to the heavenly Father. Mormons believe that Jesus Christ died on the cross for the sins of the world. Hinduism believe in reincarnation and Karma which tells a person’s destiny in the life they are living now and in the next life. The beliefs and views of the Jehovah’s Witness is not shared by everyone. “In the precedent-setting 1944 Prince v. Massachusetts decision, which involved a Jehovah's Witness, the court ruled that a child's welfare trumps the religious beliefs of the parents.”...
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...Affects The Asian Community Just last month ABC premiered their new show Fresh Off The Boat, which happens to be one of the few shows ever to be centered around an Asian-American family on American television. Growing up in America with first generation immigrant parents has not been easy, and growing up in a culture where you can’t even see yourself in everyday media makes it even harder to adjust. I remember watching T.V. as a kid and rarely did I see any Asian Americans on the screen; and if I did, the characters were portrayed in a way I was not familiar with. Finally getting a show like Fresh Off The Boat makes it seem like Asian Americans are breaking through barriers and making their way into mainstream media. As an Asian American myself, I happen to see this as a huge deal; finally, there is something I can relate to on T.V. Even though the Asian-American community has been excited and supportive of the series, it apparently does not appeal to the majority, and there have already been rumors of the show’s cancellation. But why is a show as innovative as Fresh Off the Boat being cancelled? The show has so many fans and is considered ground braking in the Asian-American community, but that is not enough to keep the show on air apparently. -As a minority in America, Asian Americans deserve to have their culture portrayed accurately in mainstream media. However, whenever there are Asian characters on television or films, the roles do not reflect the Asian culture, but...
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...Asian Paint is one of the leading companies in India. The company want to lunch the new product called Royal Play. The company has decided various planes for promoting the product. The various functions relating to the marketing plane is as below. 2.1 Current Market Situation Asian Paints is India’s largest paint company and Asia’s third largest paint company, with a turnover of Rs 66.80 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Tubman’s. Forbes Global magazine USA ranked Asian Paints among the 200 Best Small Companies in the World for 2002 and 2003 and presented the 'Best under a Billion' award, to the company. Asian Paints is the only paint company in the world to receive this recognition. Forbes has also ranked Asian Paints among the Best under a Billion companies in Asia In 2005, 06 and 07; The Company has come a long way since its small beginnings in 1942. Four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time set it up as a partnership firm. Over the course of 25 years Asian Paints became a corporate force and India's leading paints...
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...The 2017 Music Billboard Awards shocked many, as the Korean-pop boy group BTS won top social artist against US artists. My Cambodian friend had just recently gotten into K-pop, and while watching the award show, she said her grandma was moved to tears since it was the first time she saw Asian men on American television. At that moment, I realized how big of a deal this was to many other Asian Americans. They finally saw themselves in an attractive, desirable light. My sudden revelation comes to show how minorities have been deprived of respectable representation for so long and how normalized it is. For too long, minorities have been stereotypically viewed and placed lesser than whites. Blacks are only athletes and criminals. Hispanics are...
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...“Market Research On Current Standing Of Kansai Nerolac Paints Limited Vis-À-Vis Its Competitors In Ghaziabad and Noida” (GHAZIABAD DEPOT) By: Varun Singh Kalsi PGDBM BATCH: 2007-2009 Company Guide: Faculty Guide: Mr. Manojeet Rautrey Prof. Alpana Grover Das Asst. Manager Assistant Professor Kansai Nerolac, Ghaziabad Depot GHS-IMR, Kanpur DR.GAUR HARI SINGHANIA INSTITUTE OF MANAGENMENT & RESEARCH, KANPUR PRAFACE This project in the out comes of conscious attempt to understand the gap between theories and real life aspects of business. In actual theories are too good to be followed. Industrial interface through summer training has been made compulsory for the fulfillment of P.G.B.D.M. course so that student get geared up to take a deep plunge on the corporate world. This project is the culmination of my odyssey of my two month of exclusive study and development at KANSAI NEROLAC PAINTS LIMITED. This gave me a lot of practical exposure and also gave me a wide scope to acknowledge the new elements in today’s market place. Marketing is no longer a mere part of company, but drives the company’s vision, mission and strategic planning. Marketing deals with the whole process of entering market, establishing profitable position and building customer relationship. Customer is the king and now they are dictators. Even MNCs move to any extent for...
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...I went to a middle class mall. First, Latinos often bring their children to the malls while they shop. The Asian people often talk in their own language while they are around other Asians. Many Asians own stores that attract Black people. In the Black stores, the managers and owners are more lenient to the workers singing and dancing n the stores. The guys always know what they want and they go in the stores and buy it. The girls go into stores and they take all day, they try on clothes and most of the time they don’t even buy what they have tried on. In the mall that I went to, there are only a couple of stores for the upper class and many of these stores are being shut down because of the lack of business. The Black people buy most of the shoes and hats in the malls. White and Asian men like to buy male purses (hand bags). Black men seem to prefer the watches with the big faces, and the white men like the smaller faced watches. At the downtown upper class mall, the food courts have more options than the middle class malls, such as sushi. This upper class mall (Lenox) does not have Sears or JC Penney’s, the middle class mall (Gwinnett) does have those department stores. Lenox has Bloomingdales, Sax Fifth Avenue and Belk’s. Lenox mall is meant for upper class people. But many middle and lower class people get dressed up to walk around the mall which is now making more upper class people not want to shop at this mall. There are nicer restaurants around the mall. The white...
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