year 1865 to enhance the growing trade between India‚ China and Europe. The idea of forming the bank came from the mind of Thomas Sutherland who had envisioned the growing demand of banking facilities in Chinese market and consequently the bank was opened in 1865 in Honkong and Shangahai. Very soon the bank had opened up branches around the world. The bank had opened up its branches in Europe‚North America but the importance was given more to China. HSBC was a pioneer in many aspects as far as banking
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For centuries China stood as a leading civilization‚ outpacing the rest of the world in the arts and sciences‚ situated in Eastern Asia‚ bordering the East China Sea‚ Korea Bay‚ Yellow Sea‚ and South China Sea‚ between North Korea and Vietnam‚ having worlds largest population of 1‚330‚044‚544 (July 2008 est.) and worlds second largest economy after USA.(CIA‚2008). Cultural‚ Legal & Political Issues in China Political Background On 1 January 1912‚ the Republic of China(ROC) was established
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Depends on your company. For a more accurate PEST analysis‚ it’s best to consider your company’s structure‚ product‚ and strategy. Anyway‚ here’s a very simple PEST analysis. Political - Vietnam is a Single Party Communist State. There is more likely to be higher government control and less autonomy for the organization wanting to enter the Vietnamese market. However‚ on the good side‚ Vietnam is more likely to have relatively greater political stability. Would be advisable to form good relations
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Exploring China 331 RESEARCH PAPER Can Chinese cars sweep the globe? Competitiveness of China’s auto industry Name: Chang Deng Student ID: 14068678 Lecturer: Dr Grace ZHANG Date of Submission: 16/3/2001 Word Count: 681 Literature Review The automotive industry is regarded as a flag of a nation’s economic progress‚ unique in its far-reaching influence on the development of numerous related core industries‚ such as a steel business and a plastic industry (Maxton and
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Along with the world debut of the new BMW 5 Series Sedan (earlier post) at the 2010 Geneva Motor Show‚ BMW is also presenting the BMW Concept 5 Series ActiveHybrid—its first combination of a BMW straight-six with electric drive. Integration of BMW ActiveHybrid technology in the new 5 Series model reduces both fuel consumption and emissions by more than 10%. The drive system featured in the BMW Concept 5 Series ActiveHybrid consists of a straight-six gasoline engine with TwinPower Turbo technology
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PEST ANALYSIS FOR APPLE INC The PEST analysis is the useful procedure to grasp market growth or decline. So it is a business dimension tools that helps to identify an organisations macro environment. The factors include in PEST analysis are Political factors‚ Economical factors‚ Social influence‚ Technological factors. An organisation cannot control the changes in those factors but any changes effect directly to an organisation. So the organisation should react quickly if any
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other options to grow their business with the objective of achieving 100% revenue growth over the next 12 months without losing its profitability. Theoretical Framework: Financial and non-financial factors will be taken into account. SWOT and PEST analysis will be used to assess the company’s
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Introduction to PEST analysis PEST analysis is concerned with the environmental influences on a business. The acronym stands for the Political‚ Economic‚ Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarizing the external environment in which a business operates. However‚ it must be followed up by consideration of how a business should respond to these influences. The table below lists some possible
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PEST Analysis of Nokia PEST analysis identifies the political‚ economic‚ social‚ technological‚ environmental‚ and legal factors that of which directly affect a company. Political Factors Political/Legal environment are usually considered as one because they are enforced by the nation’s government. It is vital for Nokia’s operation because different nations with their respective government have different Political/Legal platforms respectively; Nokia operating on global level must abide to
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HRM Human resource management is a strategic and coherent approach to the management of an organization’s most valued assets – the people working there‚ who individually and collectively contribute to the achievement of its objectives. Boxall et al(2007) describe HRM as ‘the management of work and people towards desired ends’. John Storey (1989) believes that HRM can be regarded as a ‘set of interrelated policies with an ideological and philosophical underpinning’. He suggests four aspects that
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