Understanding the long-term investment in China Introduction Every country has its own rules and regulations according to the needs‚ requirements and environment of the business in that country. So for any company‚ thinking to expand the span of business to another country and wants to invest for long term in that country‚ especially where production in that country involves‚ it is very important to understand the business environment‚ government policies‚ restrictions and future perspective
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A socio cultural environment is a sum of practices‚ customs‚ attitudes‚ beliefs and behaviors that occur within population. It is influenced by cultural norms‚ demographic information and religious information. International organizations often do an inspection of a socio cultural environment before entering target market‚ because it helps the company to modify products and services appropriately. There are a lot of details that are important to understand‚ in order to do business in Venezuela and
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Social Environment Social environment refers to the nature of social organisation and development of social institutions like Caste‚ Religion‚ customs ‚ and socio-economic factors like Class structure‚ Social mobility ‚ women employment etc. Impact of Social environment on Business: Caste – Competitive trading ‚ Weaving ‚ Metal ‚ finance communities Religion – Prohibition on Pork & Meat ‚ Islamic finance Customs – Women employment‚ restriction on overseas employment Class Structure - Upper
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Ming Dynasty Introduction ! Ming Dynasty was the ruling dynasty of China between 1368-1644. The early years of the Ming dynasty between 1405 until 1433; it was that time that exploration of China was pushed to its furthest limits. Seven unmatched voyages led by the Chinese imperial eunuch Zheng He. The voyages he led where nothing compared to the expeditions previous explorers had made. As a navigator‚ Zheng He single handedly controlled 27‚800 men and a fleet of 62 treasure ships supported
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central islands and the colorful tribesmen and religious Moslems of Mindanao. Tribal communities can be found scattered across the archipelago. The Philippines has more than 111 dialects spoken‚ owing to the subdivisions of these basic regional and cultural groups. Some 80 percent of the population is Catholic‚ Spain’s lasting legacy. About 15 percent is Moslem and these people can be found basically in Mindanao. The rest of the population is made up mostly of smaller Christian denominations and
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Introduction China has already experienced a substantial growth in the field of international business because aside from its local companies going international‚ many international companies from different countries have already started to dominate the Chinese market. As a result‚ it was perceived that the Chinese economy will continue to grow at a relative pace and would be stable enough to be derailed easily by sudden crises. But even though the Chinese economy is now getting popular in the
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as people’s potential to buy the product‚ cultural and religious sensitivity to the product‚ if any‚ and the political willingness of the concerned market to accept a product. This report presents the case of Stillwater designs‚ a car audio manufacturing company based in the United States of America‚ for establishing its assembly line in China. The report studies the business environment variables of China‚ namely the economical‚ legal‚ political‚ cultural‚ religious and educational factors; to recommend
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NATIONAL CULTURE OF CHINA AND INDIA IN THE PERSPECTIVE OF HUMAN RESOURCE MANAGEMENT Introduction 1. Increased business globalization‚ emergence of new economic hubs like BRIC countries (Brazil‚ Russia‚ India and China) as well as more intense competition among organizations at the domestic and international level alike over the past two decades‚ have necessitated the need for studies in the comparative Human Resource Management (HRM) (Budhwar & Sparrow‚ 2002a). As a result‚ a growing number
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Cross-cultural management in China Keyong Dong School of Public Administration‚ Renmin University of China‚ Beijing‚ China‚ and Cross-cultural management in China 223 Ying Liu Institute of Organization and Human Resource‚ School of Public Administration‚ Renmin University of China‚ Beijing‚ China Abstract Purpose – The purpose of this paper is to: summarize the major research that has been conducted regarding cross-cultural issues in China; show the current practices on cross-cultural management
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