Why do we want to do business in China? The answer is simple. We are still in a recession‚ and our unemployment rate is high. We have to explore alterative market to make money. What makes China an attractive market? China is attractive because there is big money to be made. [pic] Figure 1 Comparing Population of US and China in Millions China is the second largest economy in the world (Barboza‚ 2010) with 1.3 billion in population. That is more than four times the
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Hong Kong Baptist University Bachelor of Commerce in Marketing Global Marketing Victoria’s Secret in China Prepared by: Lai Tin Long‚ Stanley Lau Wan Fung‚ Jason Lam Ka Kit‚ Ian Cham Im Fan‚ Otila Yeung Ka Man‚ Destiny Kwok Hoi Kin Law Ka Ho‚ Jackson Liu Ho Lok‚ Andy Date: 18 April‚ 2011 Table of Contents Executive Summary Objective Goals Quick Review iii iii iii iii 1 1 1 2 2 3 3 4 5 6 7 7 8 9 9 9 10 10 10 i Business Profile
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Table of Contents Individualism and Collectivism in China 1 What is Individualism and collectivism? 1 Ritual: 2 Hero: 2 Symbol 3 Individualism vs. Collectivism Onion Model 4 Human Nature: 4 Country: 4 Case: 5 Individualism and Collectivism in China What is Individualism and collectivism? As we learnt in CCA‚ collectivism is natural and means that people will stay loyal to their in-group in return for acceptance and protection. Most societies are collectivistic with a few
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business in China? The most populous country in the world‚ The People’s Republic of China is today emerging as one of the major global economies. China is infamously known as a country of etiquette and ceremonies. The unique character of the Chinese is built on a strong sense of pride in their ancient history and culture. Understanding the basic Chinese cultural‚ ethical and business values is paramount to any organisation wanting to conduct business in today’s rapidly progressing China. Doing
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have faced many challenges in my life. The one I felt the most challenging one is when I moved to the United States from China. There are many differences between the life in these two countries. Different languages‚ weather‚ currency‚ culture‚ more and more. It was very hard for me to adopt all these differences in a short time‚ so I became dejected and intended to go back to China. But my father encourages me a lot that I went through all these challenges and stayed in united states. It is very important
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SEMINAR IN INTERNATIONAL BUSINESS ASSIGNMENT (2) DOING BUSINESS IN CHINA DOING BUSINESS IN CHINA Despite the economic developments in major parts of the country‚ and modern Chinese people’s increasing appetite on adopting western styles of living‚ China is still a country with a very special character of its own. Most first time visitors to the grand old empire will without doubt find the Chinese mentality‚ culture‚ and not forgetting the food‚ exciting but also challenging and sometimes
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become more commonly used. During this time‚ the Silk Roads linked the Roman Empire to the Han Dynasty. Both the empires dominated their respective regions and were very influential to history through their advancements and discoveries. Silk from China in the east was of high demand along the west as well as other exotic goods such as pottery‚ paper‚ and spices. The Silk Roads were in heavy use nearing the end of this time period especially during the Pax Romana and the Han Golden Age.
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marketing programs in China Charles Tang has just got out of an emotionally charged meeting with Yong Lui‚ an account manager in Tangs division. As of Tangs arrival to China many things within Intel changed. Tangs decision to stop a project that was started by Lui a while back made Lui unhappy and against the chose Tang made. The case study “Intel in China” has many more issues then that one but this is the main one. Another issue that occurred in this situation is the changes that the China offices incurred
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a family. However‚ one can accelerate this process by hospitality‚ conversations on private topics and simple gestures‚ like using words: "Make yourself at home." It is worth to establish a close relationship with a potential business partner in China for another reason. In the culture of the Middle Kingdom‚ in contrast to the view prevailing in the countries of Western Europe‚ effective cleverness and cunning are the qualities desirable in a good businessman. Lies that enable to achieve the goal
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Case Study: Buckeye Glass Company in China The differences between Chinese Culture and American Culture are immense. Both cultures have very different values and norms‚ and these differences come out within the negotiation between Buckeye Glass Company and the Xia Xian Glass Factory. Both parties during this negotiation had different objectives and ways to get what they wanted out of the proposed joint venture. The Chinese negotiation style is based on building relationships with people in
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