The development of different countries greatly depends on how the economic production gets distributed. The compactness and space has a major role to play in the global prospects. It is relevant to understand that distance may impact the rate of business between different countries…
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The global marketplace that has no borders takes into consideration the participation of all countries. Several changes are occurring in the global scenario, more with the enhancement of communications and technology (Understanding the Global Marketing Environment, n.d., pp.4-8).
Several political, social, economic and technological implications arise owing to the changes and developments in the modern business world. These factors play a major role in the international marketing. The changes and developments are eventually encountered by all marketers who face the challenges in their operations in the “global business environment”. Changes in the international market reveal the emergence of newer sources of power in Brazil, China, India and Russia. The economic development seems to be shifting towards a restricted and impartial direction engaging itself in global businesses. New customers are also emerging with higher needs and demands with increasing competition among businesses. Indistinct boundaries of industries are causing deregulation in the business world. There are frequent changes in the use of technology accompanied by the emergence of greater service sectors than manufacturing as well as increasing transparency of business practices. Considering all the business benefits and obstacles, this report would primarily focus on the challenges of doing business in China and Vietnam. ...
Entering a Global Market: Key Areas of Concern: The essential issues needed to be taken into consideration before entering a global market include Culture, Government, Economy, Infrastructure, and Relationships. As the report focuses on the businesses in China and Vietnam, these key areas are discussed in the context of China and Vietnam. Culture: The exchange of goods and services and other expertise among different countries tend to increase globalization reflecting increasing interdependence in the economy. Universal culture arises from particular groups of individuals in the different countries involved in different businesses. These cultural issues include the values and practices followed in a business (Leung, Bhagat, Buchan, Erez & Gibson, 2005, pp.358-359). Culture in China is known for its “orderly, hierarchical and control-based society” with the Chinese people being “patient, eager to learn, respectful and accepting of authority” (McKern & Denend, 2004). If the culture practices in China are studied, it can be observed that China has its own “unique business culture and etiquette” (Chinese Culture, n.d.). Business relationships in China mostly involve a social relationship that tends to remain for a longer period of time. They give high importance to designations. Giving appropriate respect is a very important notion followed by the Chinese companies. Gifts and presents are always esteemed and accepted as adding value to the relationships. Moreover, business discussions in China generally include a lunch or a dinner that are highly focused in China (Chinese Culture, n.d.). The Chinese business can be found to maintain corporate social responsibility that is particularly focused on the human issues, scientific development, and harmony in
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The Pre-Analysis A. Perspective 1. Author’s perspective: ¶The perspective of the author is that Google Inc. in China faced ethical, legal and cultural challenges. The corporate motto of the company “Don’t be evil’ presented conflict for the company’s existence in China.
The Vietnam War is one of the Cold Wars that occurred in Cambodia, Laos and Vietnam between November 1955 and April 1975. It occurred after First Indochina War between the government of South Vietnam backed up by the United States and other anti-communist nations, and the government of North Vietnam supported by communist allies.
the country’s coast line is 3,260 kilometers. The terrain of the country is characterized by a low, flat delta in the north and south. In the central part of the country are highlands and the far north and northwest pat for the country is mostly hilly and mountainous.
The current conflicts in Afghanistan and Iraq shows that if the costly lesson learned from Vietnam is not appreciated the U.S. will continue its foreign relations debacles which will further weaken its armed services, economic stability and political influence within the community of nations.
This occurs when symbolic systems mediate and there is facilitation of communication between the different actors (Noronha, 2002). The ancient culture of China was more progressive than the contemporary Chinese culture. The Chinese people are famous for their traditional form of paintings, silk weaving, calligraphy and architecture (Kalman, 2008).
The way the challenges will be addressed will shape the way the country defines itself and, in turn, how other countries and regions define it. Being among the world’s economic superpowers with a growth rate of 7% since the start of reforms in 1979, such definitions will have the potential to shape the global economic platform.
Business Process Reengineering (BPR) refers to the essential redesigning and restructuring of the main business processes in order to achieve improvements in organizational productivity and efficiency. Using the concept of BPR, companies analyze the working of existing business processes in order to improve those areas which cause difficulty in delivering value to the customer (Brain & Company Guide [BCG] 2013).
The presence of cheap labor in the country has increased industrial productivity; hence better economic performance. In fact, the age-group that determines the economic performance of the country is usually the working group. These are people between the ages
According to the 2011 census carried out in the country, the population is approximately 1.37 billion with 711.82 residing in urban setting while the rest reside in the rural. The highest population fall within the age bracket of 15-64 contributing to 62%
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