Cross-Cultural Transaction Management Essay Example | Topics and Well Written Essays - 1500 words

Cross-Cultural Transaction Management - Essay Example The Chinese space for individuals to make decisions appear to experience some direct influence from the government, the US has a liberal space for individuals to decide on many issues without a direct influence from the government. Politics around the social scene affects the cultural definition between the two countries with the Chinese culture being closely monitored and dictated upon by the strong political forces. The US democratic model is perhaps one of the most liberalized in the world making it one of the leaders in the most favored nation (MFN) in economic terms. In contrast, the Chinese political setting has been a socialist model that appears to be on the opposite end when compared to democracy, which depicts the setting as intolerant of democratic values and principles. Entering the Chinese market to set up shop is likely to be subjected to tight government bureaucracies than in the US. The government cronies found all over China may pose the greatest challenge to setting out investment due to their political inclination thereby affecting foreign investment. In addition, the highly patriarchal cultural system that is established in the political arena hinders the role of women in Chinese economy.The Motosuzhou management makes are defined by high political influence right from the organization structure. Considerations of the political influence that the Electrowide joint venture may have on the Chinese foreign policy of isolation based on its government structure come into the equation.... that the government has accorded Motosuzhou along side other 1000 companies in terms of liberal decision making, the role of Minister of Finance in the internal structure contradicts this assumption. Socialist model of the Chinese culture that emphasizes on understanding social attributes of the negotiation panel forwarded by Electrowide also consumed a lot of time that would otherwise have made progress in terms of the Americans’ estimation. Gender discrimination of female negotiator in the Electrowide team was not welcome from the Americans causing more frustrations. Negotiations failure between Electrowide and Motosuzhou Joint venture negotiations must contemplate the selection criteria of a partner for success in such negotiations, which were heavily compromised in the Electrowide and Motosuzhou case. During the negotiations, it was not clear what each partner was willing to obtain and offer as part of the joint venture. The Chinese team acted casually and did not utilize the time as the American team expected during the negotiations. Several assumptions were made by both parties which were not the exact positions of the intended entry strategies for the other parties. The accounting policies that the two firms applied in their operations were very different, for instance, in the treatment of manufacturing costs and their allocation in the books. For better performance of the joint venture, it is important that the internal operations of the firms are not very different for purposes of harmonizing the joint operations. As it also appeared in the disparities, Motosuzhou did not strictly comply with audit rules which are fundament in American corporate operations. Thirdly, communication is a basic necessity in the negotiations of a joint venture as well as during

Muhammad Yunus Essay Example | Topics and Well Written Essays - 750 words

Muhammad Yunus - Essay Example Micro finance is a term given for the practice of providing financial services, usually very small loans, to developing economies. As the name itself suggests, most transactions in micro finance involve small amounts of money, frequently less than 100 USD. This paper will review an article about Microfinance titled, The Microfinance Promise written by Jonathan Murduch with special focus on Economist, Muhammad Yunus. The main thesis of this article is about the role of Microfinance in the development of individuals and how Muhammad Yunus’s role is very crucial in that development. Microfinance is the ray of hope for many people the world over, who were living a life of struggle due to the lack of basic needs caused by deficient economic resources. This economic deficiency is actually due their inability to find a livelihood and this is further accentuated by the apathy shown by the Government and its institutions. â€Å"About one billion people globally live in households with per capita incomes of under one dollar day. The policymakers and practitioners †¦face an uphill battle. Reports of bureaucratic sprawl and unchecked corruption abound† (Murduch 1569) The author focusses on Muhammad Yunus and Grameen bank after discussing about the utility of Microfinance and the latest approaches. According to the author, it is due to the personal initiative of Muhammad Yunus that Microfinance had its roots in Bangladesh, which in turn ‘rooted’ and ‘routed’ many lives in their path to success. Before Yunus’s initiative, many people had no idea of about the concept of Microfinance and lived their lives with lot of discomfort. And, this term entered common parlance due to the work of Prof. Muhammad Yunus, who was aptly awarded the Nobel Prize for economics in 2006. Muhammad Yunus is only credited with disbursing the first microloan in Bangladesh in 1974 using his own money. The author of the article, Murduch focusses on Yunus

Internet and Music Industry Essay Example | Topics and Well Written Essays - 3500 words

Internet and Music Industry - Essay Example The music industry is not limited to the artists and the record companies. It also includes the composers, the musicians’ representatives, television and radio broadcasting companies, advertising agencies and so much more. It has, for the past 50 years, earned most of its revenues through selling its artists’ albums in the form of long play (LP) record albums, cassette tapes, compact discs (CDs) and digital versatile discs (DVDs). Aside from these albums sold in record stores, revenue also comes from music videos played on television, music played over the radio, and, of course, concerts and tours. The music industry is considered to be one of the top industries as far as value and income are concerned. In the last few years, however, with the rise of the Internet, the music industry has found new ways to earn money. Record companies began to collect orders online and ship their products to any part of the world which has internet access. And even later, they learned to collect money in exchange for downloadable music. This meant that they needed less money to produce and store their products. It also meant faster service for the customers and, therefore, faster influx of cash. The internet became a very good source of income as it has a greater consumer reach, faster response time, and it presented a lot of choices for the consumers. But, as with many happy stories, there is a down side to this new technology. The internet also gave way to both small and large scale piracy. It allowed its users to violate intellectual property rights in a snap, that they do not even realize it until much later. The instant connection between people that the internet provided allowed its users to share files, especially music and other multimedia content. The rise of multimedia tools and social networks, such as YouTube, Facebook, Bebo, Friendster, and MySpace, made copyright infringement easier, faster and even harder to control. 39% of social network users embed copyrighted materials into their pages and 79% of them say that these embedded media reflect their personality. In the early part, consumers did not realize that this was a form of piracy and just enjoyed acquiring "free" music. Then after some time, when record companies started to feel the pain of illegal downloads, they started informing the world of how their properties are being stolen even if unintended. Still, illegal downloads have gone up from 36% in 2006 to 43% in 2007.4 The record companies

Global marketing Essay Example | Topics and Well Written Essays - 2500 words - 1

Global marketing - Essay Example Every foreign market or country will exhibit certain unique political, social and economic conditions, along with different clients’ base, competitors, prospective employees, etc, etc. These distinct aspects will give rise to many opportunities as well as challenges, which many aid as well as block the firms’ success. These distinct aspects will be visible in many countries including the Asian country of India and thus, those aspects could act as an advantage as well as a challenge for the organisations entering it particularly Telstra, who is planning to enter it with optimum marketing strategies. Among the many departments, which constitute an organization, the marketing department’s role is omnipresent and crucial, as it can only boost an organization through various strategies. With every organization wanting to expand their reach and make an imprint in various markets, there will be optimum opportunities for it, to start that expansion drive. So, when the organization has enough opportunities, it can set targets and formulate various strategies to achieve those targets and thereby beat off the competitors. Every organization’s survival and success in the light of stiff competition hinges on the success of its main or flagship product. It is the ‘key’ that opens the door of success or profit. For an organization to survive in a competitive market, and to increase its profits in an optimum manner, its products have to be marketed optimally. The marketing department had to put in an extra effort to formulate strategies to reach the customer’ s minds. So, this paper will discuss the marketing strategies, Australian company Telstra should implement in India, if it wants Telstra mobile phones or handsets to have a successful launch. Telstra, telecommunications and media company, was formerly under the control of

Business Evaluation For Fresh Juice Assignment Example | Topics and Well Written Essays - 2500 words

Business Evaluation For Fresh Juice - Assignment Example Fresh Juice, as the product name, will be a refreshing agent for the tired customers and it will entail strong fruit values that will provide high energy to the customers. Correspondingly, this study intends to provide a business evaluation and feasibility report in relation to the business idea of ‘Fresh’ juice in the market. Furthermore, the report intends to incorporate in the feasibility part business model evaluation, industry considerations, marketing strategy and operational strategy assessment along with a personal reflection section. Business Model Business model canvas facilitates to have an in-depth understanding of the dimensions needed to be analysed for deriving information regarding the future prospects of the product. In accordance with the business model canvas, it is determined that it represents a strategic management mechanism along with entrepreneurial tool. It is essentially used in the business model design and invention among others (Business Mode l Foundry, 2013). The detailed constituents of business model canvas have been briefly explained hereunder with reference the business of ‘Fresh’. Key Partners In relation to the key partners for Fresh, it can be affirmed that the prudent relationship with them fosters promotion of the product at large. In order to promote the business, the key partners being selected and their advantages have been discussed below. The Universities: In keeping with the universities as a partner, it can be said that as the key target audience of Fresh would be students thus universities consent and support will be valuable to proposer the business. It can be affirmed that with the consumption of juice offered by Fresh, the students will be able to gain valuable strength and they will be refreshed as well by a considerable extent. The students within the universities are primary required to possess more concentration and energy in order to participate in various college activities along w ith addressing the educational pressures in the midst of the competitive scenario. Herein, Fresh juice can act as a refresher for them to change their mood and provide them renewed vigour instantly. Freundcontainer.com: This organisation is one of the America’s leading suppliers of packaging along with industrial supplies. Partnership with this particular company will enable to get the materials associated with the products at a reasonable cost. Moreover, relationship with this company will ensure the availability of quality products within applied time frame (Freund Container & Supply, 2013). Sunseedorganics.co.uk: Owing to the fact that ‘Fresh’ has concentrated upon the mission of providing organic fruits and vegetables as the ingredients of juice, the company Sunseed Organics will be a better choice. This organisation is regarded as one of the leading providers of organic fruits and vegetables (Sunseed Organics, 2012). Fluidbranding.com: The organisation is an experienced and professional merchandise supplier that provides innovative ideas and concepts pertaining to the promotion of a product. Thus, this partner

The picture people have of the 1950's is largely a product of Essay

The picture people have of the 1950's is largely a product of television shows such as I LOVE LUCY, LEAVE IT TO BEAVER, AND OTHER OLD BLACK AND WHITE SHOWS. HO - Essay Example The 50s were also the times when the nation was introduced to television en masse but it was also a time of high mortgage rates, development of suburbs, and a closer concept of a family (Socha, 1996). In such times, TV acted as a family medium with primetime programming which appealed to families of the time. While some TV families were portrayed as living in cities and small towns, others were portrayed as living in rural areas but it was more a touch of nostalgia rather than the factual representation of the American family. The ethnic makeup of the television family was almost always European immigrants rather than black, Hispanic or Asian while it was certainly a time when immigration from the lesser developed countries of the world to America began in earnest. The image of the family on TV in the 1950s was also important for political reasons since the influence of the media on juvenile delinquency and other social problems had been discussed in Congress. The media certainly had to play its part in promoting the ideas of strong family values and connections between individuals in a family rather than represent what was actually happening in a society that was just coming to terms with the losses it had suffered in the war and the economic boom it had experienced during the war years. While discussing the position on family life shown on TV in the 1950s, Spigel (2007) reports that, â€Å"Programs such as The Donna Reed Show, Leave it to Beaver, and Father Knows Best presented idealized versions of white middle-class families in suburban communities (Spigel, 2007, Pg.1)†. Therefore, if we watch the same shows today, we do not get an accurate representation of how society functioned and how family dynamics worked in the 1950s. What we do get is a vision of the producers and directors of the same shows for how they think society should have functioned. Even through the 60s, the idea of being divorced was not acceptable to be presented on TV and family

Minx Marketing Solutions Essay Example for Free

Minx Marketing Solutions Essay A London museum in partnership with department of culture and tourism in Syria wants to prepare for an exhibition to showcase selection of artifacts, relics, sculptures and art – originating from the city of Palmyra, in Syria for a limited time period, over summer 2009. The museum reached out for our company to help launch and manage a campaign that is meant to promote the exhibition, pull customers, raise the museums profile thus reminding the consumers of the museum, differentiate the museum from other museums, raise revenue and attract future partnerships with international departments of culture. Therefore our marketing company, Minx Marketing Solutions (MMS), set out working for a marketing plan and strategies to make the promotion and campaigning of the exhibition a success. The responsibility of MMS is the total management of the exhibition: from choosing of venue, advertisements and general day to day logistics for the period the exhibition runs. The London museum provides a budget of ? 1million which MMS will use in preparation and running of the exhibition. MMS however should give a proposal on how it intends to use the money provided to the London museum. Situational Analysis Palmyra boasts a fascinating and ancient history of significance to many civilizations and cultures. No any other museum has ever showcased Pieces from Palmyra in the recent past. Since the artifacts and art is such significant, we expect attention from a wide audience, youth and adults alike. Therefore this exhibition is fit for all family viewing. It should be understood that there are 1,848 museums in the UK. These are the museums altogether that have attracted up to and over 42 million visitors per year. This is about 22,700 visitors per museum per year. For major museums, the number is twice as much. ( Travers, 2006). Another rather interesting concept is the fact that about 43% of the population in the UK visits museums at least once a year and thus a survey done by London School of Economics showed that museums and galleries were major attractors of visitors and that the type of people visiting the museums had changed significantly in the period spanning 2002-2004. The number of people from the low social economic class and that of the blacks and minority groups had increased by 15. % and 60% respectively in that period (London School of Economics, 2007) The current market is shared by major museums and galleries across the UK but this depends entirely on whether or not it is a major museum (major museums have a larger market stake) and what the museum is showcasing. Therefore, to command a lions share in the market now that the museum is already a major museum, we need to showcase a major attraction such as the Palmyra pieces beautifully displayed to attest the significance of Palmyra works of art and artifacts to other cultures and civilization world over. Market competition is based on what you have to offer. A variety of activities even outside the museum are likely to give one museum an edge over the other. Opportunities and Threats The opportunities for the exhibition to become successful depends on the positioning of the exhibition, the charges, age bracket of the attendants (are children allowed? ) and other related or unrelated events happening around the set date that are likely to draw the crowds. In the 2009 summer, there shall be the Darwin commemoration, the new Jewish museum in Camden grand opening, the London Canal museum is set to host theatrics and other activities for families and many other activities in other museums all over the country. This is a great threat because there are a number of activities being conducted by a number of museums and this may affect the turn out at the exhibition. The only opportunity we have is based on the pricing and other activities outside the exhibition. Another opportunity is based on a fierce marketing campaign to sell the exhibition to the general public.