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Ray Betzell’s and Chiu Wai’s Perspectives on Shui Fabrics’ Roi in Terms of the Globe Project Value Dimensions

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January 27th, 2012 Vida Love Griffin Dr. Grace Onodipe ECO 550

Assignment 1: Market Models Patterns of Change.

The Tobacco Industry

Describe the industry.

Unit 1: History & Economics of Tobacco: History of Tobacco states that, “Tobacco has a long history in the Americas. The Mayan Indians of Mexico carved drawing in stone showing tobacco use. These drawings date back to somewhere between 600 to 900 A.D. Tobacco was grown by American Indians before the Europeans came from England, Spain, France, and Italy to North America. Native American smoke tobacco though a pipe for special religious and medical purposes. They did not smoke every day. Tobacco was the first crop grown for money in North America. In 1612 the sellers of the first American colony in Jamestown, Virginia grew tobacco as a cash crop. By the 1800s, many people have begun use in small amounts of tobacco. Some chewed it. Others smoked it occasionally and a pipe or they hand rolled cigarette or cigar. On the average, people smoked about 40 cigarettes a year. The first commercial cigarettes were made in 1865 by Washington Duke on his 300-acre farm in Raleigh, North Carolina. The American tobacco Company was the largest and most powerful tobacco company until the early 1900s. In 1902 Phillip Morris Company came out with its marble brand. They were selling cigarettes mainly to men. Everything changed World War...

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...Shui Fabrics Introduction Over the past five years, Ray Betzell has been the general manager of a joint venture between Ohio-based Rocky River Industries and Shanghai Fabric, LTD. Ten years ago, Rocky River launched Shui Fabrics as a 50-50 joint venture between a U.S. Textile manufacturer and a Chinese company to produce and dye coat fabric that would be sold to both Chinese and international sportswear manufacturers. Even though Betzell was beginning to feel like he was caught in the middle because his boss Paul Danvers, the president of Rocky River, was starting to grow frustrated with the 5% ROI Shui Fabrics was receiving and felt that they should be receiving at least a 20% ROI, Chiu Wai, Betzell’s Deputy General Manager, was pleased with the way things were going and felt that the joint venture was fulfilling his expectations, those of the local government, and party officials who were keeping careful tabs on the enterprise. Describe the differences between Ray Betzell's and Chiu Wai's perspectives on Shui Fabrics' Return on Interest (ROI) in terms of the GLOBE Project value dimensions. The differences between Ray Betzell's and Chiu Wai's perspectives on Shui Fabrics' ROI in terms of the GLOBE Project value dimensions are economic, legal-political, and sociocultural influences. Economic factors include economic growth, interest rates, exchange...

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...Abstract As explained in the Daft’s Management readings recent research by the GLOBE project extends Hofstede’s assessment and offers a broader understanding for today’s managers. The GLOBE (Global Leadership and Organizational behavior Effectiveness) project used data collected from 18,000 managers in 62 countries to identify nine dimensions that explain cultural differences, including those identified by Hofstede. This paper describes the differences between Ray Betzell’s and Chiu Wai’s perspectives on the SHOU Fabrics’ ROI in terms of the GLOBE project value dimensions. It will explain which of the differences is most central to the issue at hand and why and develops a strategy for addressing the situation. It will also explain how the strategy will appease Ray’s boss back in the U.S. Lastly the specific benefits to the strategy will be laid out. Shui Fabris Perspectives on Shui Fabrics ROI of the Globe Ray Betzell who is the general manager of an overseas venture with Shanghai Fabrics Industry and Rocky River Industries appears to be torn between the two companies.   Though he spent many years of producing; Rocky River’s President Paul Danvers was not pleased with the company’s annual returns on investment (ROI) of 5%.   Chui Wai who is a deputy general manager, believed that Shui Fabrics had a good balance for the ROI and that there was the right level of profit, “not too much and not too little.”   Paul Danvers felt that the annual return......

Words: 1149 - Pages: 5