Free Essay

Turkey vs. Taiwan

In: Business and Management

Submitted By jamilya1793
Words 2291
Pages 10
Geographic Distance
LACK OF LAND BORDER

As you can see above the island of Taiwan is located in the Western Pacific between Philippines and Japan.

Turkey is bounded by the Aegean Sea on the west, on the northwest by the Sea of Marmara, Greece and Bulgaria and on the north by the Black Sea.
Taiwan is available for air and sea transportation. There are five harbors and eighteen airports in Taiwan, two of which are international. At this point we think that the sea transportation is suitable for the transport of bulky goods like hybrid cars although it is the slowest shipping method for exporting goods. In addition, sea transportation is the most preferred transportation method according to air, road transport and railway because of the cheapest way.
DIFFERENCES IN CLIMATES AND DISEASE ENVIRONMENTS
In Taiwan there is no severe cold in winter and no cruel summer. Annual average temperature of Taiwan is 22 degrees Celsius. Weather conditions can fluctuate little during winter and spring but the weather is relatively stable in winter and autumns. As a disease environment, we can talk about a liver disease which is a common disease in Taiwan. A parasite Cryptocaryon which infect with raw or uncooked fish damages to liver so it is known for liver disease. Other diseases that can be seen in Taiwan are HIV/AIDS and hepatitis. Ultimately cardiovascular diseases which occurs results of air pollution can be seen in Taiwan.
Typically, three climatic types can be seen in Turkey, black sea, Mediterranean and continental climate. However, generally climate of the Turkey can be defined as follow; hot and dry summers and wet and cool winters. Another point is disease environment and cardiovascular diseases and HIV/AIDS can be seen in Turkey as well.
PHYSICAL DISTANCE

On the above physical distance between Turkey to Taiwan which is 8035.87 km = 4993.26 miles can be seen. The export to Taiwan can take a long time because of the distance and the cost will increase. In addition if we want to export food products, this can be disadvantage because of the getting spoilt. Luckily we export hybrid car and the time is not an important role for getting spoilt.

LANDLOCKED GEOGRAPHY
Land transportation is especially costly for landlocked countries whose products need to cross borders, which are a much more costly hurdle than previously thought. Taiwan has an advantageous geographical position. Turkey is not landlocked but however it is bordered by eight countries. From this information we can say that we won’t be incurring additional costs while importing from Turkey to Taiwan and also while distributing our product within Taiwan’s borders. Also, the two governments won’t be facing additional challenge of coordinating infrastructure expenditures with the two countries.
GEOGRAPHIC SIZE
Taiwan occupies a total area of 35,980 square kilometers (13,892 square miles). Its capital city, Taipei, is in the northeast, and is the most densely populated area in the territory. The total population in Taiwan was last recorded at 23.2 million people. As we can see in the following figure: Taiwan is 8035.87km (4993.26) far away from Turkey. The delivery time from Turkey to Taiwan by air transportation for example is between 4 and 5days which are quite ok for electronic cars or parts. We can conclude that the export is going to be faster between those two countries.

GEOGRAPHICAL REMOTENESS
The total population in Taiwan was last recorded at 23.2 million people in 2011 from 17.9 million in 1980, changing 30 percent during the last 50 years. Population in Taiwan is reported by the World Bank. East Taiwan is a matter of geography, resulting from the remoteness of the area away from the headquarters of the VOC on the southwestern part of the island. This means that it is going to be difficult for the eastern part of the country to have access to our product Almost 47% of the population live in the eastern plains which is really not good for us exporting there. The access will be very difficult for that part of the population.
WEAK TRANSPORTATION AND COMMUNICATION SKILLS
Most people live in the western portion of Taiwan where the greatest concentration of roads and railway systems are located. These roads and railway systems are well-developed. The government-owned airline in Taiwan is China Airlines. The largest airport in Taiwan can be found outside Taipei and is the Chiang Kai-shek International Airport, with another international airport located in southern Taiwan at Kaohsiung. The main ports in Taiwan are Chilung, Kaohsiung, Hualien, Suao and T'aishung. Taiwan has a fully integrated transportation network of railways, harbors and shipping lanes, civil aviation, freeways and highways, and rapid transit. This very good thing and will make it easy to ship our product from Turkey to Taiwan and to deliver it within Taiwan itself.
In English as a Language of Wider Communication (ELWC) environment such as Taiwan, technical professionals acknowledge that they need a workable level of English communication skills to foster their career development. Taiwanese universities offer various kinds of English courses, but it is not clear whether these courses fulfill the needs of technical professionals. So if we want to work in Taiwan we need to have a good level of English. But if we analyze the situation in Turkey most of the citizens doesn’t know English which can be a big issue while entering the Taiwanese market.
CONCLUSION
As you read above, both countries are suitable for sea transportation and sea transportation also the cheapest shipping method. Because of this reason we think that sea transportation is suitable even it is the slowest shipping method for exporting goods. Secondly HIV/AIDS and cardiovascular diseases are the common diseases that can be seen in Taiwan and Turkey as well. At this point, there is air pollution in Taiwan and this problem cause cardiovascular diseases so we may export hybrid cars to Taiwan easily because hybrid cars reduce the air pollution. In addition we do not want to export food products or another type of products that cause to diseases easily. Therefore hybrid cars can be exported to Taiwan easier. From the point of physical distance, as you read above the distance is 8035.87 km which is high. However, we can solve this problem by choosing the cheaper shipping method like sea transport.
Economic Distance
Unilateral
Hi-tech businesses account for more than half of Taiwan’s exports. These businesses capitalize on what is arguably Taiwan’s greatest competitive advantage – the ability to rapidly commercialize technology and bring new products to market. Thus it can be a threat for the new technology like Hybrid cars. Further research about the country will show us if the investment will prove this risk.
HDI for Taiwan was 0.882% (2011) and 0,868% (2010). So the literacy rate started to grow after 1998 year when the literacy rate was 86% and in 2003 it became 96.1%. Thus we may assume that more educated people may lead to larger usage of Hybrid cars. The Life Expectation also growing in 2000 it was76.35 years, in 2006 77,43 years and in 2012 it was 78,48 years. This give us an idea about life style of the population, so as the rate of life is growing the population have more money to spend on their health, thus generally we may say the population started to be richer, and may purchase the Hybrid car. Another factor that HDI includes is GNI per capita at purchasing power parity and in Taiwan in 2011 it was 41,385 USD..
One more factor that may show the possibility of purchasing is Income per Capita at PPP; in Taiwan it was US $21,592 in 2011. The total consumer expenditure was US $49.4 billion in 2011, this makes Taiwan a big market.
On the Picture of the GDP for Taiwan we may see that it is also growing, that shows us that the country have a process of development. The PPP rate is also growing that support the idea of high possibility to purchase the Hybrid cars
GDP Taiwan Real Growth rate (%)

PPP (US dollar)

Rich-poor differences
Rich-poor differences create gap between rich and poor population of country. In other words, we can describe this with “economic inequality”. Economic inequality has a lot of factors. These factors are, within these factors, income inequality, demographic factors and especially education have been seen as of primary interest. Turkey has wide gap between income level of schooling education and high education. Other factors are structure of family and gender. Firstly, structure of family is the second biggest issue which create economic inequality in Turkey. Inequality between nuclear families is smaller than extended families. Economic inequality started decreased year by year in Turkey.

On the other hand, impacts of economic inequality in Taiwan absolutely different. Main factors of inequality in Taiwan are different. Firstly, high price of real estate create new upper class. This class is the most significant issue which create gap between rich and poor population of country. Second issue is a foreign labour. Small enterprises and start-up search cheaper labour overseas.

To sum up, economic inequality is decreased in Turkey but increased in Taiwan. Besides, factors of economic inequality are absolutely different between two countries.

Other differences in cost or quality
Turkey and Taiwan population have similarity in divisions of their wage. Firstly, population of Taiwan and Turkey spend big part of their wage to accommodation. Price of rent in Taiwan are 39.37% higher than in Turkey. This issue creates serious economic inequality in Taiwan. In second step, people spend a lot of Money for food. Restaurant Prices in Taiwan are 31.65% lower than in Turkey. Thirdly, transportation prices are third significant expense item in Turkey. Population of Turkey spend 11% of their wage to transportation. Population Taiwan spends less 32% than Turkish people. This means, transportation is not significant item in Taiwan.

Natural resources

We should divided natural resources in 2 different parts. First part, agriculture and second part is energy resources. Taiwan has natural resources with significant economic value remaining in Taiwan are essentially agriculture-associated. Today, Taiwan is a significant player in exports. The country exports crops, bananas, guava etc. Taiwan agriculture sector increased year by year.

Turkey has similarity in this stage. Agriculture in Turkey developed last 14 quarters and in 2012 agriculture sector was grow15%. Turkey exports citrus to European countries and CIS countries. Turkey is a leader exporter in these territories.

Moreover, energy resources are the other part of natural resources. Government of Taiwan wants to be the biggest exporter of renewable energy technology. Especially, Taiwan is rich in wind energy resources, with wind farms both onshore and offshore, though limited land area favours offshore wind resources.

Energy sector is not developed in Turkey and the country has not any new technology for it. Turkey has not meeting with nuclear energy yet and the country has not any specialists whose know this technology. Shortly, Turkey is not significant exporter in their territories.

Financial Resources
Major financial resources in Taiwan include local and foreign commercial banks, bills finance companies and government. There are government policies that were issued to develop some industries, and they help private companies to upgrade and improve their industrial structure through low-interest loans. In conclusion, it seems that raising capital in Taiwan is going to be feasible.
Human Resources
Due to the fast growing economy, Taiwan has been faced with a labor shortage problem. Taiwan’s government started to solve this problem by lifting the ban on employing foreign workers that they previously had. The population of foreign workers was 418,000 in 2011, accounting for 3% of total employment in Taiwan. Foreign managers and senior executives are recruited to manage investments or businesses in order to introduce foreign white collar employees. The government laid down “Regulations on the Permission and Administration of the Employment of Foreign Workers” for purposes of regulating the introduction and employment of foreign labor and to provide them with basic labor rights and protection.
Infrastructure
Taiwan is located at the heart of air and sea transportation in Asia-Pacific. Taipei's north are Tokyo, Seoul and Shanghai, its south are Hong Kong, Singapore, and capitals of the ASEAN nations. Taiwan has 18 airports, and surrounded by the sea, Taiwan has many harbors, including 5 international harbors. Taiwan also has a complete transportation network which consists of high speed railway, throughout-the-island railways, two high ways, and Taipei and Kaohsiung MRT networks. The public utilities are also highly available. The availability of tap water is 90.7% (2007), and the availability of power supply is nearly 100% from 2002. The internet penetration rate is high in Taiwan. As a research shows about 75%of households have access to the internet, 80% (79.3%) have computers, 90% of the households with the internet access use 2Mbps or faster broadband. over 50% of the employment population are willing to innovate and start their own business, 60% of the students have high acceptability for technology and innovation, which is ranked number 3 in the world. These facts explain that Taiwan has IT infrastructure that provides superior information on computer hardware, software, and IT related services. (http://www.taiwan.gov.tw)

--------------------------------------------
[ 1 ]. nzte.govt.nz/explore-export-markets/north-asia/doing-business-in-taiwan/pages/taiwan-country-brief.aspx
[ 2 ]. en.wikipedia.org/wiki/Human_Development_Index
[ 3 ]. indexmundi.com/g/g.aspx?v=66&c=tw&l=en
[ 4 ]. en.wikipedia.org/wiki/List_of_countries_by_GNI_(PPP)_per_capita
[ 5 ]. portal.euromonitor.com.offcampus.ozyegin.edu.tr/Portal/Pages/Search/SearchResultsList.aspx
[ 6 ]. www.indexmundi.com/g/g.aspx?v=66&c=tw&l=en

Similar Documents

Premium Essay

Identify a Global Organization with a Multinational Presence. 

...Identify a global organization with a multinational presence.  *Nike Identify and research a cultural issue that affects this organization's interactions outside the United States.  Define the issue and provide an overview of how became an issue in the organization.  Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global.  Write a 1,050- to 1,400-word paper summarizing the results of the analysis. Include the following:  • Identify ethical perspectives in the global organization. • Compare these perspectives across cultures involved in the organization. • Describe a viable solution for this issue that could be acceptable by all stakeholders.  Introduction: The Nike Corporation In today’s economy, there are several corporation that use multinational tactics in order to make their business strive and successful. A great benefit of multinational corporations is that it helps create wealth and jobs around the world. These corporations also offer much needed foreign currency for developing economies. However, there are many disadvantages such as multinational companies have monopoly power which enables them to make excess profit and pushing local shops off the map. A global multinational company that is very recognized and popular around the world is The Nike Corporation. The Nike Corporation was originally known as Blue Ribbon Sports (BRS). It was founded in January 1964 by Philip Knight...

Words: 1131 - Pages: 5

Free Essay

Emerging Markets

...witnessed and also have better return on investment for future. It is anticipated that Emerging economies will mature two to three times more rapidly than developed nation like the US, as predicted by International Monetary Fund estimates. Corporate profits incline to grow faster when economic growth is higher. Likewise, US companies have done well in the last 12 months is because of their growth in non-US markets. Emerging markets also prove beneficial to investors as they create diversification as they act differently than developed markets. Emerging Markets Index of Morgan Stanley's consists of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey (Forbes). Russia is one of the booming emerging markets in the East. However, Russia is not always an investor favorite as it is a booming market in global oil and gas demand. Russia has tons of both. It is the world's prominent natural gas producer and exporter and has the 8th largest oil reserves in the world. Russia is considered as a bargain for equity, but that is mostly due to country risk. (Forbes) During the recession in 2008, world markets in developed countries crashed but the emerging markets saved the global economy, mainly Brazil, India and China. The global credit crisis was one of the longest, deepest, and most painful in history. Wall Street icons like Lehman Bros, toppled and required government bailouts. This...

Words: 2614 - Pages: 11

Premium Essay

Michael Ignatieff's "Deficits"

...Hospital, Beijing Institute for Cancer Research, Beijing, PR China, 2Division of Medical Oncology, Department of Medicine, Duke University Medical Center, Durham, NC, USA A central challenge of the palliative care clinician, and of the oncologist who sees patients with advance disease, is that of ‘breaking bad news’. As this conversation requires that the clinician divulge extremely sensitive and personal information, and usually incurs an emotional response from the patient, truth-telling to advanced cancer patients is not only a challenging task but also one likely to be handled differently in cultures according to differing norms for interpersonal behavior and communication. China and the United States, with their deepset communitarian vs. individualistic ethics, respectively, typify divergent cultures. This paper discusses cross-cultural differences in norms of truth-telling to cancer patients, that is, the extent to which physicians inform patients themselves of their disease status when prognosis is poor; China and the US are used to illustrating potential differences in approach and consequent cross-cultural misunderstandings. In an increasingly mobile global community, in which information technology and telecommunications span cultures and patients are increasingly well informed, clinicians around the world would be well advised to become aware of the communication styles and expectations, and to make an effort to understand the norms, of their patients’ cultures of origin...

Words: 5891 - Pages: 24

Free Essay

Coffee

...Database on coffee March 2013 Market Intelligence & Statistical Unit Coffee Board No.1, Dr. Ambedkar Veedhi, Bangalore- 560 001, INDIA Phone:080-22261584, Fax: 080-22255557 Email : ageconomist.cb@gmail.com Website : www.indiacoffee.org 1. AREA, PRODUCTION AND PRODUCTIVITY 1.1. Planted Area of Coffee in India since 1950-51 (In hectares) Year 1950-51 1960-61 1970-71 1980-81 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002–03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11* 2011-12* *Provisional Arabica 67613 70650 80433 109454 127934 126889 141546 143491 142644 145901 143239 143928 160671 168453 167679 165892 171180 170294 174315 177728 179096 184418 189511 193995 197930 201070 % 73 59 59 53 47 46 49 49 49 48 47 47 49 50 48 48 48 48 48 47 47 48 48 49 49 49 Robusta 24910 49670 55030 98815 142887 151742 149465 148976 150465 159252 160582 161974 168567 171853 179037 181103 182872 184546 188769 201981 201989 203777 204841 205688 206715 208620 % 27 41 41 47 53 54 51 51 51 52 53 53 51 50 52 52 52 52 52 53 53 52 52 51 51 51 Total 92523 120320 135463 208269 270821 278631 291011 292467 293109 305153 303821 305902 329238 340306 346716 346995 354052 354840 363084 379709 381085 388195 394352 399683 404645 409690 1.2. Sl. No I. II. III. IV. V. Planted Area by States - 2011-2012* (In hectares) State Karnataka Kerala Tamilnadu Non Traditional Areas North Eastern Region Total (India) ...

Words: 30455 - Pages: 122

Premium Essay

Hofstede-Culture Dimension

...HOFSTEDE: Cultures And Organizations - Software of the Mind Culture as mental programming In Western languages 'culture' commonly means 'civilization' or 'refinement of the mind' and in particular the results of such refinement, like education, art, and literature. This is 'culture in the narrow sense; 'culture one' Culture as mental software, however, corresponds to a much broader use of the word which is common among social anthropologists: this is ‘culture two’. In social anthropology, 'culture' is a catchword for all those patterns of thinking, feeling, and acting referred to in the previous paragraphs. Not only those activities supposed to refine the mind are included in 'culture two', but also the ordinary and menial things in life: greeting, eating, showing or not showing feelings, keeping a certain physical distance from others, making love, or maintaining body hygiene. CULTURE It is the collective programming of the mind which distinguishes the members of one group or category of people from another. It is a collective phenomenon, because it is at least partly shared with people who live or lived within the same social environment, which is where it was learned. Culture is learned, not inherited. It derives from one's social environment, not from one's genes. Culture should be distinguished from human nature on one side, and from an individual's personality on the other: 1 Cultural relativism there are no scientific standards for considering one group...

Words: 9257 - Pages: 38

Premium Essay

Hofstede's Cultural Dimensions

...Judith Brandl, Student ID no. 1044912 International Business, 4th Semester SUmmer semester 2016, 11.06.2016 Table of Contents – Cultural Dimensions according to Hofstede 1. The psychologist Hofstede a) Geert Hofstede b) Gert-Jan Hofstede 2. The cultural dimensions a) Social Orientation - Individualism-Collectivism-Index (IDV) b) Power Orientation – Power-Distance-Index (PDI) c) Uncertainty Orientation – Uncertainty-Avoidance-Index (UAI) d) Goal Orientation – Masculinity-Femininity-Index (MAS) e) Time Orientation – Long-Time vs. Short-Time-Orientation-Index (LTO) 3. Examples – Germany, United States, Venezuela 4. Problems and Discrepancies 5. Conclusion 6. Bibliography 1 Cultural dimensions according to Geert Hofstede Classifying and comparing cultures is strongly connected with the name Geert Hofstede. The Dutch social psychologist, as he calls himself, was born in 1928 in Haarlem(Netherlands) as Gerard Hendrik Hofstede. He went to schools until 1945, that was when he completed the Diploma Gymnasium Beta. From 17 on until he was 25 years old, he studied Mechanical Engineering and ended it in 1953 with a Master’s Degree. After two years of military service he started working in managerial jobs until 1965. He completed his Ph.D. in Social Sciences in part time studies. Already during that time, from 1965 until 1971 he founded and managed the Personnel Research Department of IBM. In this time, he developed the theory of...

Words: 2323 - Pages: 10

Premium Essay

Hofstede Cultures and Organisations

...HOFSTEDE: Cultures And Organizations - Software of the Mind Culture as mental programming In Western languages 'culture' commonly means 'civilization' or 'refinement of the mind' and in particular the results of such refinement, like education, art, and literature. This is 'culture in the narrow sense; 'culture one' Culture as mental software, however, corresponds to a much broader use of the word which is common among social anthropologists: this is ‘culture two’. In social anthropology, 'culture' is a catchword for all those patterns of thinking, feeling, and acting referred to in the previous paragraphs. Not only those activities supposed to refine the mind are included in 'culture two', but also the ordinary and menial things in life: greeting, eating, showing or not showing feelings, keeping a certain physical distance from others, making love, or maintaining body hygiene. CULTURE It is the collective programming of the mind which distinguishes the members of one group or category of people from another. It is a collective phenomenon, because it is at least partly shared with people who live or lived within the same social environment, which is where it was learned. Culture is learned, not inherited. It derives from one's social environment, not from one's genes. Culture should be distinguished from human nature on one side, and from an individual's personality on the other: 1 Cultural relativism there are no scientific standards for considering one group...

Words: 9257 - Pages: 38

Free Essay

Consumer Confidence Report 2012

...QUARTER 2, 2012 CONSUMER CONFIDENCE, CONCERNS AND SPENDING INTENTIONS AROUND THE WORLD 91 Global consumer confidence index declined three points to 91 • Discretionary spending and saving decreased globally across all sectors • More than two-thirds (67%) of respondents changed spending habits to save on expenses • Concern for the economy and job security remained Global consumer confidence declined three index points to 91 in Q2 2012 amid a worsening Euro zone crisis, lackluster U.S. job growth and China’s downward GDP revision for 2012, according to consumer confidence findings from Nielsen, a leading global provider of information and insights into what consumers watch and buy. “Consumers are clearly proceeding with caution in relation to their spending intentions,” said Dr. Venkatesh Bala, chief economist at The Cambridge Group, a part of Nielsen. “Consumer confidence lost momentum in the second quarter as global events, including a worsening Euro zone crisis coupled with slowing growth rates in China and India, impacted financial markets and consumer sentiment in many parts of the world. As renewed volatility entered global markets, consumers reacted by reining in spending and consumption intentions.” In the latest round of the survey, conducted between May 4 and May 21, 2012, consumer confidence declined three points to 100 in Asia Pacific, four points to 88 in North America, and two points to 96 in Latin America. An increase of one point each in Middle...

Words: 4047 - Pages: 17

Premium Essay

Cold War

...allowing 2 soviet satellites and the Soviet Union a seat in the UN. Iron Curtains - used to describe the boundary that separated the Warsaw Pact countries (Soviet and its satellites) from the NATO countries (North Atlantic Treaty Organization - created in order to encourage economic flow and alliances.) Cold War (1946-1989) - war of ideas waged between the US and the Soviets, in which each nation attempted to influence the political and economic views of another nation. They used weapons such as: • propaganda - advertisement • economic and military aid (Marshall Plan under Truman provided aid to nations that would remove trading barriers and cooperate economically; Truman Doctrine provided military and economic aid to Greece and Turkey) • alliances - military agreement to protect each other against another's aggression (NATO and SEATO; Warsaw Pact in order to retaliate NATO) => SEATO disbands during the Vietnam War when the South Asian Nations refuse to back the US • arms and space race (Sputnik) • espionage • subversion - stir up a government revolt against existing governments because you don't like them. In the US it is illegal to interfere with a legally elected government....

Words: 1423 - Pages: 6

Premium Essay

Retail Banking

...World retail Banking report 2012 Contents 3 4 7 Preface Key Findings Chapter 1: 8 12 21 Unlocking Pathways to Greater Customer Loyalty Customers Express Conflicting Sentiments toward Banks The Need for a Customer Experience Index The Growth of Mobile Banking 25 Chapter 2: At a Crossroads, Retail Banks Must Identify and Prioritize Core Strengths The Ground Beneath Banks Is Shifting Traditional Tactics Are Less Effective in the Current Environment The Way Forward: Extreme Measures for Extreme Times 26 28 32 40 41 Methodology About Us Preface Capgemini and Efma are pleased to present the 2012 World Retail Banking Report. Retail banks around the world are struggling to maintain their competitiveness in the face of severe external challenges. Massive debt loads are threatening the global economy, while stringent regulations put in place as a result of the financial crisis of 2008 are staunching traditional revenue streams. Customers, still distrustful of the industry, have become increasingly accepting of nonbank alternatives, and social media is giving them an opportunity to publicly explore them. More than ever, retail banks must strive to create stronger bonds with their customers. The 2012 World Retail Banking Report addresses this imperative by establishing a new framework for identifying and measuring success in retail banking. Specifically, our Customer Experience Index (CEI) offers a mechanism for accurately taking stock of the critical...

Words: 17918 - Pages: 72

Premium Essay

Health Tourism in Asia

...HEALTH TOURISM IN ASIA 1. Introduction: Medical tourism can be broadly defined as provision of 'cost effective' private medical care in collaboration with the tourism industry for patients needing surgical and other forms of specialized treatment. Medical or Health tourism has become a common form of vacationing, and covers a broad spectrum of medical services. It mixes leisure, fun and relaxation together with wellness and healthcare. The global health care industry is valued at $ 2.8 tn. The market for health tourism is estimated to be $67 bn, growing at a rate 20% per annum. It can be divided into three broad segments: 1. Surgeries like orthopedic surgery, heart by-pass surgery, cancer therapy, eye surgery, organ transplantation. 2. Plastic surgery or cosmetic surgery. 3. Health spas, weight loss exercise centers, hot springs and holistic treatment including wellness therapies. Different countries have become preferred destination in each of these segments for medical tourist. India is a preferred destination for heart, orthopedic, eye and neurosurgeries. Eye surgery kidney dialysis and organ transplantation are among the most common treatments sought by medical tourist in Thailand and according to the Health Ministry, in 2004 the country attracted 600,000 medical tourists, who generated 20 billion baht in revenue. As a result, Asia’s medical tourism industry could generate over US$4.4 billion a year by 2012, with India, Thailand, Singapore, Malaysia...

Words: 2418 - Pages: 10

Free Essay

Acer America

...Harvard Business School 9-399-011 Rev. April 9, 2001 Acer America: Development of the Aspire In early 1998, Stan Shih, CEO of Taiwan-based personal computer (PC) manufacturer Acer, Inc., was reviewing the first estimates of 1997 year-end results. With revenue of $6.5 billion from own brand and sales to original equipment manufacturers (OEMs) such as IBM, the company was now acknowledged to be the third largest PC manufacturer in the world. Although the performance was respectable in the wake of a dramatic drop in memory chip prices that had plunged the company’s semiconductor joint venture into losses, Acer’s extraordinary growth period of the mid-1990s was clearly over. (See Exhibit 1.) The ever-restless CEO was wondering how to re-ignite the fire. Shih was convinced that Acer’s mid-1990 successes were due at least in part to the revolutionary “client-server” organizational structure he had introduced in 1992. The concept was inspired by the network computer model, where “client” computers—the strategic business units (SBUs) and regional business units (RBUs) in Acer’s organizational metaphor—were capable of complete independence but could also take on the “server” role, adding value for the entire network. To Shih, proof of the client-server structure’s potential had come with the 1995 introduction of the Aspire multimedia home PC. Created by Acer America Corporation (AAC), Acer’s U.S. marketing subsidiary and one of Acer’s five RBUs, this new product confirmed Shih’s...

Words: 8149 - Pages: 33

Premium Essay

Hofstede's Dimensions of Culture

...Hofstede's Dimensions of Culture Geert H. Hofstede was born on October 2, 1928 in Haarlem, the Netherlands. He received his  M.Sc. from the Delft Institute of Technology in 1953, his Ph.D. (cum laude) from Groningen University in 1967. Hofstede is most well known for his work on four dimensions of cultural variability, commonly referred to as "Hofstede's Dimensions." These include: Uncertainty Avoidance, Power Distance, Masculinity-Femininity, Individualism-Collectivism, and Long-Term/Short Term Orientation. These dimensions were arrived in his 1980 publication, "Culture's consequences: International differences in work-related values." The study took existing survey data (sample size of 116,000) collected from a multinational corporation (IBM). The result was a score in each of the dimensions for 40 different countries. During 1978-83, the Dutch cultural anthropologist Geert Hofstede conducted detailed interviews with hundreds of IBM employees in 53 countries. Through standard statistical analysis of fairly large data sets, he was able to determine patterns of similarities and differences among the replies. From this data analysis, he formulated his theory that world cultures vary along consistent, fundamental dimensions. Since his subjects were constrained to one multinational corporation's world-wide employees, and thus to one company culture, he ascribed their differences to the effects of their national cultures. (One weakness is that he maintained that each country...

Words: 1743 - Pages: 7

Premium Essay

Medical Tourism

...PROJECT REPORT ON MEDICAL TOURISM WITH REFERENCE TO INDIA Origin and Evolution of Medical Tourism Medical tourism is actually thousands of years old. In ancient Greece, pilgrims and patients came from all over the Mediterranean to the sanctuary of the healing god, Asklepios, at Epidaurus. In Roman Britain, patients took the waters at a shrine at Bath, a practice that continued for 2,000 years. From the 18th century wealthy Europeans travelled to spas from Germany to the Nile. Since the early nineteenth century, when there were no restrictions on travel in Europe, people visited neighboring countries in order to improve their health. At first, mere traveling was considered to be a good therapy for mental and physical well-being. In the 21st century, relatively low-cost jet travel has taken the industry beyond the wealthy and desperate. Later, mostly wealthy people began traveling to tourist destinations like the Swiss lakes, the Alps and special tuberculosis sanatoriums, where professional and often specialized medical care was offered. In this century, however, medical tourism expanded to a much larger scale. Thailand, followed by India, Puerto-Rico, Argentina, Cuba and others quickly became the most popular destinations for medical tourists. Complicated surgeries and dental works, kidney dialysis, organ transplantation and sex changes, topped the list of the most popular procedures. It was estimated that in 2002, six hundred thousand medical tourists came to Bangkok and...

Words: 5696 - Pages: 23

Premium Essay

Alternative Investments

...important? 2 3 Why do Hedge Funds invest in Emerging Markets 6 4 DWS Invest Global EM Equities LC 8 4.1 Inside the DWS Invest Global EM Equities LC fund 8 4.2 Performance of the fund 10 5 Hedge Funds Performance in EM scientific paper review 11 6 Hedge Funds Strategies in EM and Africa 12 6.1 Investment strategies in more developed EM. 16 6.2 Hedge Fund Strategies within Africa and Sub Saharan Africa 19 7 Risk exposures in emerging markets 23 8 Conclusion 25 References 26 Tables Table 1: Hedge Fund Strategies 1 Figures Figure 1: Emerging Markets vs. Developed Markets 2 Figure 2: Emerging Markets vs. Developed Markets GDP growth in percentage 3 Figure 3: Development of the working-age population 3 Figure 4: EM vs. US: Consumption levels 4 Figure 5: EM dept. has exceeded EM 5 Figure 6: MSCI World vs. MSCI Emerging Markets 6 Figure 7: CS Hedge Fund Index vs CS EM Hedge Fund Index 7 Figure 8: Country distribution 8 Figure 9: Industry Sectors 9 Figure 10: Equity Share Distribution 9 Figure 11: Perfomanc of the fund 10 Figure 12: EM performance 13 Figure 13: Performance of EM 14 Figure 14: Hedge Fund Strategies in Africa 17 Figure 15: Hedge Fund Strategies in Asian-pacific region 17 Figure 16: Brazil Asset Class Performance 19 Figure 17: Russia and Eastern Europe Focused Hedge Funds 19 Figure 18: African Market Sources 21 Abbreviations FX | Foreign Exchange | GDP | Gross domestic product | MACD | Moving Average...

Words: 4991 - Pages: 20