Case study: DMG-Shanghai. 1. Why do you think that it is so important to cultivate guanxi and guanxiwang in China? I think that it is so important to cultivate guanxi and guanxiwang in China because both of guanxi and guanxiwang are essential to business in China. It is an important mechanism to do a long-term business and getting successful business in China. Guanxi refers to the business connections that are so important to companies doing business in China. Then‚ guanxiwang refers to the relationship
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Elizabeth Barrett September 15‚ 2012 MNGT 3100 - Dr. Johnson Ethics Case “A Good Team Player” 1) Describe the Situation Steven‚ a staff accountant in the accounts payable section‚ is confident that he knows the “ins” and “outs” of the bureaucratic organization he works in. Kristin‚ a no non-sense type of manager‚ has just been promoted the new manager of the accounts payable section. Steven believes people seem to gain promotions and have the opportunity to work overtime based on who likes
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These long-tem contracts lifted the risk for both buyers and sellers thus; Enron became the leading company in the profitable energy trading business. For further expansion and growth‚ this idea was applied to their trading businesses of commodity markets including electricity‚ coal and paper pulp. The financial wizard Andrew Fastow‚ who helped the trading business‚ had helped to persuade the U.S. Securities of Exchange Commission to allow them to use the “mark to market” method in which the value of
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Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic‚ you will
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Polluter’s dilemma case Name Institution The stakeholders in the scenario are the fishes in the lake. Due to the increased and continuous toxic from the industries that drain in to the river and into the lake‚ the fish might be declared unsafe for human consumption. This is according to the report quoted in the newspaper from a scientist from the university and an environmental group is watching it. Another stakeholder affected in the proposed application of the new technology is the company
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Consider the possible conflicts between legally doing business and selling fast-food‚ given the increasing evidence of how it is a significant contributing factor in public health‚ obesity‚ and diabetes facing many Americans. Now‚ based on what you’ve learned in this module‚ answer the following: A) After reading the Inside Story section of Chapter 1‚ do you agree with how Disney Company is handling the issue? Why or why not? B) Does government (federal‚ state‚ or local) have a right or a responsibility
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References: [1] The Google Founders (http://news.bbc.co.uk/1/hi/business/3666241.stm) [2] The Story of Sergey Brin (http://www.momentmag.com/Exclusive/2007/2007-02/200702-BrinFeature.html) [3] Google Investor Relations – IPO Letter (http://investor.google.com/ipo_letter.html) [4] Google ’s Code of Conduct Policy (http://investor
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Strategies Seminar Session Week -6 Class room discussions: • Assess the benefits and disadvantages of relationship marketing strategies. • How relationship marketing strategies for B2B interface may differ from those of B2C? • Collect 3 business examples when CRM pitfalls were avoided and analyse them. Directed learning Please go through the following journal articles and the core textbook to solve the above questions: • Gummesson‚ E. (1994)‚ “Making relationship marketing operational”
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world’s largest coffeehouse chain‚ and is considered one of the world’s best-liked and best-known consumer brands- with 19‚972 stores in 60 countries. Business analysts agree that Starbucks is a widely respected company because of its commitment to social responsibility. Starbucks has earned this reputation through its actions in all phases of its business and live out this commitment through both its mission statement and values. The Starbucks website states that‚ “Our mission: to inspire and nurture
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Case Summary: Between 1966 and 1975‚ Orkin Exterminating Company contracted with their customers a “lifetime” termite protection control if the contracted customers continue to pay the annual renewal fee. But‚ this contract became too expensive for Orkin when US suffered price inflation. It decided to increase annual renewal fee by 40 Percent. Few persistent customers were able to escape the rate increase through an accommodation plan‚ while most customers were not informed about this possibility
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