Risks in Doing Business in China E &Y China Key Points For multinational companies‚ China’s market has started to come of age. Despite the opportunities along with China’s WTO entry and opening up‚ doing business in China remains very challenging at the operational level for MNCs. Regulatory Risks Managing the regulatory environment remains a real issue for foreign firms operating in China. They have to learn how to deal with red tape‚ “guanxi (relationship)”
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Dr. M. Al Amri &Co. Doing Business in Saudi Arabia Dr. M. Al Amri &Co. DOING BUSINESS IN SAUDI ARABIA Contents ________________________________________________ Page Preface General Information Geography and climate Population and language Government Currency and foreign exchange regulations The calendar and international time zone Business hours Public holidays 1 The Economy General Basic resources Principal industries Banks Other financial institutions Stock exchange
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CASES OF DOING BUSINESS IN CHINA Editor: Professor Zhu Mingxia University international Business and Economics 2010 CONTENTS Introduction to China In context of “Doing Business in China – A Global Perspective” CASE 1: Starbucks management strategies in China CASE 2: The expansion of McDonald’s in China CASE 3: A Case Study of KFC and other Fast food Chains CASE 4: Successful story of IKEAN in China CASE 5: General Motors in China CASE 6: L’Oréal Group CASE 7: Market entry for
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Introduction 1. Why does Mary Pipher describe “old age” as “another country?” what does she mean exactly? Pg. 4 Mary Pipher describes old age as another country because being old is like living in another country where you really do not have communication‚ you are isolated and disconnected with your family and the world. Many of the old age people feel misunderstood and loneliness and this is how it is if you were living in another country. 2. According to Mary Pipher‚ encouraging the old and
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Doing business in Germany and UK I.Germany Business background in Germany Germany is the largest national economy in Europe and the fourth-largest by nominal GDP in the world. In Germany much greater attention has been paid to academic technical education and its value to business in general. Therefore‚ companies tend to be run by technical experts rather than lawyers and accountants and that is why German engineers are highly respected people. Diligence and competence are characteristics
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Challenges and Advantages of Doing Business in China With China emerging as a global power in business within the last decade‚ knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era‚ and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier‚ the price of the work force in China compared to the United
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internet in doing business Convenience Reduced or no face to face contact with the customer. The business schedules time for customer response rather than being at the demand of the customer ‚ as in telephone or face-to-face contact Business can attend to their customers at any time‚ not just during normal trading hours Via social network‚ business can not only communicate with customers quickly but also retrieve customers’ feedback immediately and directly. Savings No shop rent if business is only
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boundaries are none existent and a company with a subsidiary in another continent operates as if they are in the same city. This paper seeks to identify how this has affected way of doing business by multinational organization by looking and four aspects‚ which are cultural differences‚ ethical issues‚ strategy and industrial or business. 1 1. CULTURAL DIFFERENCES Culture plays a very important aspect in various aspects of business especially for multinational corporations (MNC) operation on a
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bureaucratic hurdles which the MNCs had to overcome‚ gradually reduced making it easier to do business. Corruption is another big hurdle when doing business in India. Areas like electricity supply‚ judiciary (particularly lower courts)‚ Police‚ land administration are counted in the most corrupt category. Since all these are essential in building up a business‚ corruption proves to be a major hurdle for starting business in India. Inadequate Infrastructure It has long been felt that roads and communication
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Doing Business in the Visegrad Group : Czech Republic‚ Hungary‚ Poland and Slovakia Monika Chabanová Basic Information Czech Rebublic Capital City Surface Population Currency PRAGUE 78 867km² 10 505 445 Czech Koruna (CZK) Hungary BUDAPEST 93 036 km² 9 938 000 Forint (HUF) Poland WARSAW 312 685 km² 38 538 447 Zloty (PLN) Slovakia BRATISLAVA 49 035 km² 5 397 036 Euro (EUR) Official language Logo Czech Hungarian Polish Slovak Prime Minister Petr Nečas Viktor Orbán
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