Guanxi is one of the powerful forces in chinese culture‚ literally means “Relationship”. The concept of Guanxi has its roots from the Confucianism which came into existence since 5th BC and became the culture of china. In confucianism the relationship is given the importance in the family or in the workplace or in the social life. Guanxi express the relationship of one person to another or to one party to another. However‚ more importantly the term also express an obligation of one party to another
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BRIEF SYNOPSIS OF CASE STUDY ON OFFSHORING: BETWEEN CHINA AND THE UNITED STATES: IS IT BENEFICIAL FOR BOTH ECONOMIES? ZENY ASUNCION BUS 7010 Off-shoring in its simplest definition means tapping a resource outside of Home to take advantage of a cheaper resource to produce a product. It is a result of labor shortage of qualified employees where the economic condition prevents a company from meeting the demand. The United States economy experienced a boom in off-shoring between the period of 1983
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specific to China. However‚ agrees between Governments and Companies exist in other forms (i.e lobbying). * Question 3 * It is commonly admitted that a western company‚ just like any other legal entity‚ has to respect the law. Business law has been made to ease exchanges between a company and its environment; it is the cornerstone of any business‚ preventing misunderstandings on a first hand‚ and fixing conflicts on a second hand. In emerging countries and especially in China‚ law is not
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Children should choose their own toys Children should choose their own toys‚ let them or no this is a very good question. But I supposed this is so better to entrust to the parents because they know what is it good for their children and I support this view for a variety of reasons. The first one and the most important reason because we may not allow it the children to choose their own toys is that cause they are easily influenced by televisions commercials and other advertisings what is not
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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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development centers. In this report I will discuss about Motorola’s reasons to enter China and commit itself as a local company. Moreover‚ I will talk about the localization strategies in china and its market position. Apart from that I will illustrate the PEST and SWOT analysis of Motorola’s localization strategy in China. Furthermore‚ I will discuss the characteristics of Motorola as the big emerging market in China. Table of content Contents Executive Summary 2 Table of content 3 Abbreviations
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Amway in China: A Case of Corporate and Brand Reputation[1] With the turbulent regulatory environment for the direct selling industry in China‚ the November 2005 announcement that Amway China Co. Ltd (ACCL) had over $2 billion in sales for the second consecutive year is significant for the multilevel direct selling giant‚ Amway Corporation. China remains the leading market of their worldwide operations even though direct selling was banned in 1998. Their success can be attributed to responses
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CHINA- Pegging and its main issue Before we understand the role that pegging of RMB plays in the upliftment of the Chinese economy we need to understand the pegging. Pegging is an idea of fixing the exchange rate of currency with the value of another’s country currency or to a basket of value‚ generally a small economy peg its currency with the currency of big economy so as to stabilize the value of the currency. The main issue to deal with are 1) The impact of pegging on china and other
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Case- Shiseido: Channeling Cosmetics in China 1. Marketing and distribution channels for cosmetics products performed mainly transactional and logistical function. Distribution channels such as the voluntary specialty chain stores perform transactional function when they buy these cosmetic products from the manufacturer and sell them in their individual stores. They share risk with the producer (Shiseido) as they stock merchandises in anticipation for sales. On the other hand‚ counters at departmental
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the supports of international institutions such as United Nations. As a new power and a large economy of the world‚ the ‘peaceful rise’ policy of People Republic of China (PRC) ‚ could be explorered by both paradigms. Based on that comparative study‚ this essay will find out the contrast and convergence of the two paradigms in the case of the most powerful communist country‚ but set aside from the viewpoint of Marxism. Additionally‚ this essay suggests that there is a convergence in explaining for
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