CHINESE CONSUMER McEwen‚ W‚ Xiaoguang‚ F‚ Chuanping‚ Z & Burkholder‚ R 2006‚ ’Inside the mind of the Chinese consumer’‚ Harvard Business Review‚ vol. 84‚ no. 3‚ pp. 68-76. INTRODUCTION Today China becomes one of the biggest economies all around the world. After the economy boom‚ there is many affluent people appear. A study conducted in China‚ revealed that this country consumes a quarter of world luxury consumer products. Therefore‚ it can be obviously said that China converts one of the
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assisted by the trend of globalization and becoming a legend for years. There is a list of advantages of choosing China as a place to manufacture. The core reason will be its low labor costs comparatively. It is known that workers working in FOXCONN are earning $14 a day‚ which is lower than those in the states. It’s also easy to hire engineers in China. It usually just takes 15
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the company closed its Austin‚ Texas-based desktop PC manufacturing facility in 2008. It also shuttered customer care centers in Canada. In 2009 Dell sold its plant in Poland to Foxconn Technology‚ a unit of Hon Hai‚ the world’s largest contract electronics manufacturer‚ and contracted for manufacturing services with Foxconn. Generating more than half of its sales from desktop and notebook PCs‚ Dell faces intense competition in the consolidating market it shares with Acer‚ Hewlett-Packard‚ and Lenovo
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Outsourcing nowadays has become a global phenomenon and a key player in a lot of businesses around the world. Yet‚ at the same time‚ many questions have arisen about the negative impacts of such practice and more and more businesses have to face the dilemma of outsourcing their work at the cost of its ethical consequences. The recent downturn in global economy has put more pressure on companies to cut their cost while doing business. Numerous corporations in big countries such as US‚
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Should technological advancement in business be the most important objective? Technological advancements should not be the most imperative goal in businesses today. Imperative‚ meaning that it is not the most important factor for businesses to consider nor should it be the main priority. Technological advancements mean the development of technologies that have yet been created. It can lead to a dependency on technology‚ loss of jobs due to people being replaced by technology and can be highly
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successful in the industry. This will in-turn push prices down for consumers and level the playing field. The Apple IPhone Company participates in globalization through contracting the manufacturing of the IPhone product through a company named Foxconn Technologies‚ which is
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STATEMENT OF PURPOSE “Knowledge is power. Information is liberating. Education is the premise of progress‚ in every society‚ in every family.” As I move towards a point where my undergraduate programme is about to end‚ and I sit down to define the course of my career‚ I felt a strong desire to pursue a career that combined IT with management skills. I believe MBA is a platform to cultivate diverse managerial skill sets‚ generate ideas with structured thoughts and capability of assuming higher
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particular the pollution and the exploitation of labor. In Hong Kong‚ “Love Ideas Love HK” is a public philanthropic campaign initiated by the Li Ka Shing Foundation to improve our community. He utilizes his capital to make a difference. Whereas Foxconn in mainland’s poor working condition has led to the labor unrest. The incident struck the company fame. In fact‚ business should go beyond the legal responsibility and be the active contributors to enhance the quality of lives and preserve the environment
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The concept of Corporate Social Responsibility is a relatively new in the management field and there is no single definition of it since everyone’s interpretation of the term is different. “Corporate Social Responsibility means something‚ but not always the same thing to everybody.” (Votaw‚ 1972‚ p.25) and from my understanding of the concept‚ CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since
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The Business Environment Apple and Waitrose The two businesses that I am going to be for this assignment the two companies are contrasting in the way they are managed and the way in which their market shares incline or decline. Waitrose Waitrose is an operating grocery retailer in the UK market. The retailing industry was not initially at the forefront of Waitrose marketing strategy‚ it is only in the last two decades that many retailers have taken an optimistic approach towards their management
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