Preview

Haier Analysis

Better Essays
Open Document
Open Document
841 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Haier Analysis
Haier Marketing Analysis
William Li

Haier History and Culture
Haier Group —— the world 's fourth largest manufacturer of white goods, the most valuable brands of China.
The company was founded in 1984 in Qingdao, China. As of 2009, Haier has established 29 manufacturing bases, eight comprehensive research and development centers, and 19 overseas trading companies around the world and it has employs more than 60,000 (Angiezahn, 2011). In 2009, Haier 's global turnover reached 124.3 billion CNY(more than 20 million dollars). At the same period, Haier Group, with a market share of 5.1%, became world No.1 white goods producer. Haier actively fulfill their social responsibilities, it helped build 129 Hope Primary School and produced 212 sets science cartoon "Haier Brother". It is the world 's only white goods sponsor in 2008 Beijing Olympic Games. Haier 's refrigerators, air conditioners, washing machines, televisions, water heaters, computers, mobile phones, and other 19 products are rated as famous brand in China, and it 's refrigerators and washing machines has also been named the world famous products by AQSIQ(Administration of Quality Supervision,Inspection and Quarantine). The unchangeable concept gene of “Customers are always right while we need to constantly improve ourselves”not only guides every employee’s development, but also restrains their value.
Development Stages
The company 's strategy is varies according to the changes of the market. And, Haier 's success is inseparable from executives’ rigorous strategic.
Brand strategy(1984~1991):produce refrigerator only, accumulate management experience of enterprises and create famous brand “Haier”.
Diversification strategy(1992~1998):from one product expand to all the household appliance products.
International strategy(1998~2005):being sold in the main global economic area market.
Global strategy(2006~now):creating different kinds of Haier Brand------adjust to different countries in the



References: History of Haier. StudyMode.com. Retrieved 06, 2011, from http://www.studymode.com/essays/History-Of-Haier-726847.html Andersson, P. M., Fangqi, J. W., Arwidi, O., Jiang, T., & Zhang, Z. (2010). A comparative study between Chinese and Swedish Universities.

You May Also Find These Documents Helpful

  • Powerful Essays

    Haighs being a family owned and operated business, their consistent management style ensures its operational control in all areas of business are strategically aligned. In analysing Haigh’s external and internal strengths and weaknesses, operational efficiency and consistency such as efficiency in production process and stringent quality control process are found to be the main strengths whilst risk of easily being substituted with cheaper…

    • 11608 Words
    • 47 Pages
    Powerful Essays
  • Good Essays

    Haier Case

    • 865 Words
    • 4 Pages

    Haier makes, designs and sells home appliances such like washing machines, air conditioners and refrigerators around the world. Haier founded in China in the mid of 1980s by Zhang Ruimin, and it has become one of the country's leading brands today. In 2006 Haier was ranked as the world's sixth largest maker of large kitchen appliances with a 4% global market share. In this paper, it is going to analysis Haier's performance management, why Haier is so successful and challenges that Haier will face when its going globally.…

    • 865 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Haier Case S

    • 1865 Words
    • 6 Pages

    In 1986, Haier reached a profit of 1 Mio RMB. Altough there was a huge market demand, the company resisted mass production and continued to focus on quality and brand-building instead.The company’s target was to become a first-class brand.…

    • 1865 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Schedule Case Question

    • 1016 Words
    • 5 Pages

    3. Can Haier build on its success in niche products to become a dominant global brand in white products?…

    • 1016 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Strategy formulation has been acknowledged as one of the most crucial factors of ensuring the long-term growth of the business. However, the manner in which strategy is formulated, and most importantly, the nature of the strategy chosen for the company determines its future position in the marketplace (Grant, 2005).…

    • 1281 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Haier Case Study

    • 8703 Words
    • 35 Pages

    Founded in 1984, the Haier Group has been dedicated to innovation and creating a world famous brand over the past 26 years. Originally a small collective plant on the verge of bankruptcy, it has now grown into an international group which has more than 70,000 employees around the globe and realizes a turnover of 135.7 billion yuan in 2010. Haier has risen to be the world's No.1 brand of consumer appliances. In addition, it was selected as one of the world's Top 10 innovative companies issued by USA Newsweek's website.…

    • 8703 Words
    • 35 Pages
    Good Essays
  • Best Essays

    Strategic management

    • 2106 Words
    • 8 Pages

    In contemporary business world, Strategy plays an important role in every sector. A good strategy gives the company…

    • 2106 Words
    • 8 Pages
    Best Essays
  • Good Essays

    There is no single, universally accepted definition for strategy. Some understand it as a deliberate plan, drawn up to achieve set goals, others see it more as a process, whereby a company’s decision and actions are made in alignment with opportunities or threats in the industry. Even others define it as a pattern of consistent actions in decision-making and lastly there are those with a military view of strategy, who consider it a manoeuvre to beat and outsmart the competition (Parthasarthy, 2006). By drawing from each of the definitions, one could say that strategy and by extension, strategic management, is constituted of short-term strategies involving managing and planning for the present and long-term decisions and actions, made, taken and implemented by managers to achieve superior competitive advantage, compared to their competitors.…

    • 7197 Words
    • 29 Pages
    Good Essays
  • Powerful Essays

    Case Analysis of Haier

    • 1378 Words
    • 4 Pages

    It is Mr. Zhang’s effort that makes Haier such a successful enterprise today. Now, Haier from a small falling collectively owned enterprise develops into the globe best brand in white goods area.…

    • 1378 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Haier

    • 1579 Words
    • 5 Pages

    Haier group is a multinational manufacturing company providing consumer electronics and home appliances. In 1984, it was been founded in Qindao, Shandong province, China, with a joint-venture contract with Liebherr, a Germany’s refrigerator company. Under the development of over three decades, Haier has transferred from a single-product company to a global manufacturer with multiple product lines. It has expanded its brand to brown goods and white goods. Nowadays, Haier is the 4th largest white goods manufacturer in the world. The business scope of Haier is technology research, product development and manufacturing, trade and financial services (Haier, 2015).…

    • 1579 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Haier

    • 545 Words
    • 3 Pages

    Before we address the problem, we should take a review of what strategies have made Haier such a success. Haier insisted on its high quality products sold at a premium while others are pursuing low price. This strategy is applicable in both China and overseas and has gained Haier great brand reputation. Haier’s process, as stated in the case, is to observe and digest first, and then imitate and finally it can understand and design independently. Also, its differentiation strategy helped the company a lot in success. It once focused on a separate position which is mini machines overseas and resulted in a success. This can be compared to the Honda case illustrated in class when this company first got into America. Haier is an expert at acquisition as well. It knows how to acquire companies with good products but bad management and apply its own managing skills which can turn the company to profitable very quickly. Other crucial factors contribute to Haier’s success include its sufficient customer services and strategy of setting up multinational brand abroad instead of simply exporting in China. These not only boost Haier’s profit but also gain Haier good reputation.…

    • 545 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In evaluating how well a company’s present strategy is working, a manager has to start with what the strategy is.…

    • 9579 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    The “Havmor” philosophy of providing its customers with the best quality products and services at affordable prices has resulted in the brand being a household name in Gujarat.…

    • 7841 Words
    • 32 Pages
    Good Essays
  • Good Essays

    Prova

    • 16135 Words
    • 65 Pages

    Haier had been founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart. Refrigerators were to be manufactured under the name of Qindao-Liebherr (simplified Chinese: 琴岛—利勃海尔; traditional Chinese: 琴島-利勃海爾; pinyin: Qindao-Libohaier). The installation of Liebherr's equipment and technology was accompanied by new quality management processes. By 1986, Qingdao Refrigerator had returned to profitability and sales growth averaged 83 percent per year. With sales of just CNY ¥3.5 million in 1984, sales rocketed to CNY ¥40.5 billion by 2000; a growth of more than 11,500 percent.[2]…

    • 16135 Words
    • 65 Pages
    Good Essays
  • Good Essays

    haier

    • 1047 Words
    • 5 Pages

    Haier Group became the business leader in appliance manufacturer business in China by the end of December 2004. The fact that it was the second largest manufacturer of refrigerators globally was evidence of its outstanding growth.…

    • 1047 Words
    • 5 Pages
    Good Essays