Business Environments Of Chinese Society - 2814 Words

Assignment: Business Environments in Chinese Society: (Student’s Name) (Professor’s Name) (Course Title) (Date of Submission) Introduction Business environments across the world have been experiencing numerous and rapid dynamics, forcing business enterprises to look for more intelligence before entering such markets. The need to start businesses in foreign markets is created by variety of factors which includes saturation of local markets and availability of attractive opportunities in foreign countries. China has been a focus of many foreign investors, owing to various reasons which serve to create attractive business opportunities. For instance, the country has been experiencing rapid infrastructural developments, reducing cost of doing business within the society. It has also been remarkably stable in terms of both political and economical pillars of the state. It has also a wide market due to its high population, providing market for products and services of many businesses (Hill, 2014). These numerous businesses cropping up in China have created a business opportunity, in marketing and packaging, since they do not have much of information about the history of the nation and its markets. Our team has developed the idea and decided to venture into business to exploit the opportunity. This documentation focuses on deliberating on the details of the business idea to inform our decision on how to progress with it (Zinzius, 2004). Currency conversionShow MoreRelatedCritically Evaluate Maslow’s Hierarchy of Needs as Way of Understanding Employee Motivation in Contemporary Chinese Business.1372 Words   |  6 Pagesevaluate Maslow’s hierarchy of needs as way of understanding employee motivation in contemporary Chinese business. The Chinese economy has changed significantly since the reform in 1978.Chinese economy has experienced a rapid development and trends to an open and market-driven system in recent years (Klein and Ozmucur, 2002). A lot of foreign companies want to invest in Chinese companies or start business in China but most of them fail in the end. One of the reasons why they can be successful in theRead MoreThe Cultural Differences Of Adidas1336 Words   |  6 Pagesdevelopments, legal and cultural requirements and the business environment are taken into account. In this section we will discuss about the cultural differences that Adidas has to consider to operate business in china moving from brazil. The chart below shows the comparison of the cultural dimensions according to Hofstede. Brazil to China: The Hofstede Dimensions of Culture PDI (Power Distance Index) - With a score of 69, Brazil reflects a society that believes hierarchy should be respected andRead MoreBusiness in China1188 Words   |  5 PagesBusiness in China 1. What challenges do foreign firms face when they seek to transfer their home management style to China? 2. Discuss the reform of Chinese state-owned enterprises and related government policy changes. Evaluate the impact within the state-owned businesses and the chinese society. Chinese management Doing business in China requires a throughout understanding of their management philosophy and practices. Their management style is different in many respects from mainstreamRead MoreBenefits And Risks Of A Foreign Investment Project1415 Words   |  6 PagesIntroduction Expanding business activity to a foreign country presents many opportunities and risks. Rewards and risks has to be analyzed and weighted carefully before committing capital for a foreign investment project. Socioeconomic as well as cultural factors must be considered since countries vary in levels of wealth, education, needs and wants. China and Iraq has many differences politically as well as socioeconomically and culturally; therefore, both countries present different levels of riskRead MoreChina s Strategic, Marketing, And Economic Reasons1143 Words   |  5 Pagesaround 9.6 percent every year on average. China joined the World Trade Organization (WTO) in 2001 which means an extension of the reform, meanwhile, brings the new opportunities to Chinese companies’ growth. The development of both society and economy in China helped introduced foreign direct investment. At the same time, Chinese enterprises invested abroad and got access to foreign resources, new markets, human capital, technology, and knowledge. Therefore, multinational enterprise seems little by littleRead MoreHuman Rights Violations in China - Should Western Companies Continue to Do Business with China?1636 Words   |  7 Pagesdiscrimination. In the western society, the principles of freedom, democracy and human rights are fundamental rights. However, the People’s Republic of China, commonly known as China, is still known as the largest human rights violator in the world. This raises the question whether or not western companies should continue doing business in China despite of the human rights violations. To find an answer to this question, the human rights violations and the values of the Chinese population will be analysedRead MoreCultural Differences Of Business Practices1625 Words   |  7 Pagesopportunities for business but yet brings some challenges because stakeholders become more geographical diverse and the market is bigger than before. Companies are also facing c ultural differences when they enter into different countries. Culture is an important part of human society composing of knowledge, beliefs, art, morals, laws and other habits. Cultural differences are the variations in what people have, think and behave between different countries, religions or societies. (ghauricateora,2006)Read More PEST Analysis and SWOT Analysis of China Essay1661 Words   |  7 Pages............................................4 2.0 – Environmental Analysis: Chinese Market....................................................................4 2.1 – Political Environment, Rules Regulations ............................................................... 4 2.2 – Economic Environment..................................................................................................4 2.3 – Society and Culture..................................................................Read MorePest Analysis of Gap Inc1178 Words   |  5 Pagesusually can not operate on those countries. In the case of the regulations in the retail industry it has negative impacts because the regulations in the retail industry could easily be changed beyond the established limit and will affect the business adversely, in addition companies such as target will obtain higher costs in expenses due to the changes. Furthermore, changes and transformation in overtime regulations and the share of the retail stores in the healthcare bill. It has a hugeRead MorePest Analysis of Gap Inc1171 Words   |  5 Pagesand usually can not operate on those countries. In the case of the regulations in the retail industry it has negative impacts because the regulations in the retail industry could easily be changed beyond the established limit and will affect the business adversely, in addition companies such as target will obtain higher costs in expenses due to the changes. Furthermore, changes and transformation in overtime regulations and the share of the retail stores in the healthcare bill. It has a huge effect