CI Research: 1. http://geert-hofstede.com/south-korea.html 2. http://link.springer.com/article/10.1007/s10551-009-0095-z#page-1 What about South Korea? If we explore South Korean culture through the lens of the 5-D Model‚ we can get a good overview of the deep drivers of South Korean culture relative to other world cultures. Power distance This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities
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have made the business environment for Apple more complex in recent years? 4 2. Which aspects of the South Korean market have significant implications for the success or failure of the iPhone in the market and why? 6 3. Besides market entry strategy and marketing mix‚ what other aspects of the planning process should Apple consider before entering the South Korean market? 8 4. Discuss the relative pros and cons of each of the marketing mix elements
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Investment South Korea is a role model country that has‚ over the past 40 years‚ successfully evolved into a country of notable economic growth. Possessing a highly achieving educational system‚ South Korea has emerged from a low-income‚ low education region to a thriving nation of scholarly professionals. High levels of education‚ a substantial domestic economy‚ and excellent profitability are elements that make South Korea an attractive site as a foreign direct investment. South Korea is recognized
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Power distance At a score of 60‚ South Korea is a hierarchical society. This means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities‚ centralization is popular‚ subordinates expect to be told what to do and the ideal boss is a benevolent autocrat Individualism South Korea‚ with a score of 18 is considered a collectivistic society. This is manifest
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is a question that human beings have been seeking throughout the centuries. It is different among nations and changes based on the historical context‚ cultural back ground‚ economic circumstances‚ international relations‚ and any other elements. South Korea today is considered that the country is on a right track to the “good society” due to the democratization‚ economic development‚ and advancement of other sectors. However‚ how can it be the “good society” with the highest suicide rate in the world
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VIew South Korea was the one of the poorest country in the world in 1953 and GNP per person was $67. However‚ South Korea started to develop rapidly since 1960 and reached 10 million dollars of national income in twenty years. Now Korea is one of the G20 members with GDP of $ 1.116 trillion ( 2010 ) . Country studies Korea’s economy was based on agriculture in early days. However‚ contribution of agriculture decreased as Korea industrialize . Agriculture and domestication of Korea is made
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particular challenge faced by Korea that I would like to address is the Chaebols and the corruption status of South Korea. The Chaebols and the Government The term Chaebol refers to big business group in South Korea. Chaebols are usually characterized by family control of ownership and management‚ diversified business areas‚ and their close relationship with government (1). The development of the Chaebols can be traced back to the period around 1950 to 1960 when South Korea gone through a very rapid
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of these advantages do you believe has been most instrumental to the firm’s success? 1. Comparative : Perekonomian Korea didominasi oleh konglomerat beberapa‚ yang disebut chaebol. Mereka termasuk Hyundai‚ Samsung‚ LG‚ dan SK dan account untuk sekitar 40 persen dari PDB Korea dan ekspor. Competitive : Korea
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South Korea is located in East Asia. South Korea is East of China and West of Japan. South Korea is roughly the size of Indiana‚ United States of America. From the 7th century to the 20th century Korea acted as a single independent single country. In 1905 after the Russo-Japanese War Korea became a protectorate of Japan. In 1945 Japan surrendered Korea to the United States in WWII. After gaining control of their country Korea split into two countries. A Republic of Korea was set up in the
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strongly recommend to enter the South Korean market. Its economy has decent growth and relative stability: its inflation stays on the relatively low level. The most harmful issue can be a conflict with North Korea‚ that can affect further country’ development. To all intents and purposes‚ it is necessary to consider such factors as economical‚ financial‚ political‚ social and technological. I would relate political to one of the most sufficient. Talking about South Korea‚ political aspect is formidable
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