Case Study MGT 87500 Organizational Development and Design California Southern University Khaldoun Obaidat Presented To: Dr. Stephanie Hoon March‚ 2015 China Myths‚ China Facts Case Study Culture is the characteristics and knowledge of a particular group of people‚ defined by everything from language‚ religion‚ cuisine‚ social habits‚ music and arts (Zimmermann‚ 2015). According to Hofstede (1980)‚ cultures can be compared and classified on the basis of five different dimensions that affect
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Exchange Rate Mechanisms Paper - Currency Hedging University of Phoenix Global Business Strategies MGT 448 Oct 05‚ 2005 Exchange Rate Mechanisms Paper - Currency Hedging Currency hedging involves deliberately taking on a new risk that offsets an existing one‚ thereby reducing a businesses ’ exposure to negative change in exchange rates‚ interest rates‚ or commodity pricing (Economists.com‚ n.d.). "Currency hedging allows a business owner to greatly reduce or eliminate the uncertainties
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The Singularity of China • No historic point of departure: The myth of the Yellow Emperor. L’empereur jaune ou Huang Diest est un souverain mythqiue de la Chine‚ considéré comme père de la civilisation chinoise. • First historical record dates back to 2000 BC.: The Shang Dynasty. La 2ème dynastie à avoir dominé le pays. • The Long Cycles: “The Empire‚ long divided‚ must unite; long united must divide” The Romance of the Three Kingdoms. An important
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Lessons from Negotiation in China What a coincedence that I was just learning "negotiation in China"‚ but I failed in a real negotiation exactly on the point our professor asked me and my team member to work on. It’s durance and deligence(吃苦耐劳). The eight elements of Negotiation in China are: 关系 （personal connections)‚ 中间人(intermediary)，社会等级(social status)，人际和谐(interpersonal harmony)， 整体观念(holistic thinking)，面子(face)，节俭(thrift)，吃苦耐劳(durance and relentlessness) I and another classmate were
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Prepared by: SEOKE L.J. ASSIGNMENT TOPIC: a weak currency or a strong currency for the South African economy? What are the pros and cons of a weak currency or a strong currency in South Africa? Discuss. A. Introduction Cartoonists in South Africa have a long-running joke that shows a bruised and feeble coin‚ the rand‚ being beaten up by two muscled thugs‚ the dollar and the pound. In 2001 South Africa ’s currency was knocked down by two-fifths against the greenback‚ much of it in
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Essay – Our Economy The economy is consists of many factors which related to everyday life. It is the financial condition of the different sectors of the country and the world. These factors include the economic links‚ business cycle‚ interest rates‚ inflation and exchange rates. Money flows circularly through the modern economy. The macroeconomics model tells us that the level of economic activity is all depended on normal regular incomes and consumption which makes up the two sectors‚ firms and
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ase StudyChina Case Study Background of the Country and its Economy * 2nd Largest Economy in the World. Largest Population in World * Fastest growing economy in past 2 decades averaging <10% p/a. * China has made immense economic and human growth and development in recent decades due to a combination of change in government and policies and globalization. * Is now more a Market Driven Capitalist economy and is now Globally Integrated. = Greater levels of global trade and investment
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living in China would still do well to avoid the following Chinese taboos. 2. Chinese table taboo Everyone loves to go out to a nice restaurant for a fancy meal here there. For the Chinese‚ fancy is just the beginning because they have strict taboos that you should always remember when going out. Dishes are put together in a table and all the diners sit around it and share the dishes. You should help yourself to the food. The host may pick up food with chopsticks and put the food in your bowl. It
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China-U.S. Trade Issues Wayne M. Morrison Specialist in Asian Trade and Finance July 29‚ 2010 Congressional Research Service 7-5700 www.crs.gov RL33536 CRS Report for Congress Prepared for Members and Committees of Congress China-U.S. Trade Issues Summary U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.China trade rose from $5 billion in 1980 to $409 billion in 2008. Although commercial ties were sharply affected by the global economic crisis
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Doing Business in China Week I. White face = bad person Good and trusted person have red face Always answer yes when someone asks have you eaten (toujours attenuer ses propos : frequently‚ sometimes‚ usually..) Yes doesn’t mean yes Importance of the hierarchy Culture overview The cultural Bell Jar (ordonnée ‘’number of person’’ / abscice vers la gauche ‘’reserved’’ (chinese for example)‚ vers la droite ‘’emotional’’ (italians for example) When we speak about culture: we must
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