QUESTION 1 Why was Haier so successful in China? ANSWER Haier Group became the business leader in appliance manufacturer business in China by the end of December 2004. The fact that it was the second largest manufacturer of refrigerators globally was evidence of its outstanding growth. Haier strictly abided by its objectives in a very focussed way and worked hard towards achieving success. The following are the reasons for Haier’s sucees story in China: • Commitment to Quality: Haier stressed on greater
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Haier globalization strategy Encouraged by government to create international brands has built a reputation at home for quality‚ innovation‚ and customer service Haier tries to replicate its domestic success overseas‚ it faces enormous challenges—everything from learning the preferences of new customers to managing its growing foreign operations In the United States‚ it has established a beachhead by selling niche products under the Haier brand name through The Home Depot‚ Sears‚ and Wal-Mart
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Haier: Taking a Chinese Company Global in 2011 Haier‚ started as a defunct refrigerator factory in Qingdao‚ China‚ was China’s largest white-goods maker before its expansion to foreign countries and was named the leading refrigerator manufacturer worldwide after expansion. Generally speaking‚ it is successful both in China and abroad using its unique and leading managing concepts. Haier’s CEO knows well about the company he founded and is now looking for more achievements. For its further development
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5. Conclusion 3 Appendix A: OEC Evaluation Worksheet 4 Appendix B: Possible Gender Issues 5 References 6 1. Introduction to Zhang Rui Min Zhang Rui Min (Zhang) is the Chief Executive Officer (CEO) of Haier Group. Under his leadership‚ revenues at Haier had surpassed $12 billion with over 30‚000 employees and he is recognized as one of the “50 most respected business leaders in the world.” 2.1. Personality Traits Despite having abbreviated education‚ Zhang has a voracious
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Table of Contents Executive Summary I. Introduction of Haier 1 II. Brazil’s Macro-economy Analysis 2 1. Overview of Industry 2 III. PESTEL for the Industry Analysis 3 1. Political Factors 3 2. Economic Factors 3 3. Sociocultural Factors 4 4. Technological Factors 5 IV. Porter’s Five Force Model for the Industry Analysis 6 1. Bargaining Power of Suppliers 6 2. Bargaining Power of
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Internal Analysis Haier Profile Haier Group is the No.1 in the top ten innovative companies issued by USA Newsweek’s website. Founded in 1984‚ Haier has grown into an international group which is making a turnover of 135.7 billion yuan in 2010 and employed more than seventy thousand people. Haier aims to create a world famous brand in the age of the internet that helps satisfying needs of user in a short time. “Zero-distance virtual and practical network combination” is fully combination with
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Case Report 1. Haier in India: building presence in mass market beyond China 1. Why did Haier enter India? What did it plan to achieve in this new market? Haier entered the global markets and started an internationalization strategy in the 1990s. Starting from European countries including Italy‚ the United Kingdom‚ and France‚ it stretched over even to the Asian market and opened its first manufacturing facility in Indonesia. Although the first entrance into the Asian market was in 1996‚ it
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Haier Logistics’ revolution Case Studies Haier Logistics’ revolution Case Studies 1、 Background Haier is the world ’s largest home appliance brand‚ founded in 1984 in Qingdao; the current Chairman of the Board‚ CEO Zhang Ruimin is one of the main founders. At present‚ Haier has established 21 worldwide industrial park‚ five R & D centers‚ 19 overseas trading companies‚ employs more than 70‚000 people worldwide. In 2011‚ Haier achieved a global turnover of 150.9 billion yuan‚ the brand value was
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Introduction Haier was just found in 1984. At the beginning stage of its business‚ it mainly produces household refrigerators as the core product. 20 years later‚ Haier has obtained the leadership position in the Chinese home appliance industry which consists about 21% of market share. More importantly‚ Haier has become a multinational company and has expanded its business to America and elsewhere Asia. According to sales‚ Haier was ranked fourth in the major home appliances industry in the world
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Haier: A Global Brand Executive Summary Haier‚ under the leadership of CEO Zhang Ruimin‚ grew from a single model refrigerator firm to the #5 white goods producer in a matter of two decades. Throughout the expansion process Haier entered over 100 countries through multiple entry modes and into other industries. The 2005 financial results gave Haier reason to pause and reassess its mission and strategic intent. The primary issue was whether to continue its expansion strategy or slow down
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