out of business. The connections that a businessman makes can either make or break a deal. A deal gone well will give that businessman prestige and allow for him easy access to other resources in the future. QUESTION 2: What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all of the rules and regulations‚ rather than trying to find a way around them as Dan Mintz apparently does? ANSWER 2: Personal power and relationships
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Summary New Yorker Dan Mintz moved to China as a freelance film director with no contacts‚ no advertising experience. DMG had emerged as one of China’s fastest growing advertising agencies. Mintz attributes his success in part to what the Chinese call guanxi: Guanxi means relationship and through business setting it can be better understood as connection. Guanxi has its roots in the Confucian philosophy of valuing social hierarchy and reciprocal obligations. Confucian ideology has a 2‚000-year-old
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and getting business done in China successfully. 2. What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations‚ rather than trying to find a way around them as Dan Mintz apparently does? As we look through the case of DMG in Shanghai‚ we recognize the influence of guanxi more apparently. Dan Mintz‚ the founder of DMG‚ had no prior experience in the
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New Yorker Dan Mintz moved to China as a freelance film director with no contacts‚ no advertisingexperience. DMG had emerged as one of China’s fastest growing advertising agencies. Mintz attributeshis success in part to what the Chinese call guanxi: Guanxi means relationship and through businesssetting it can be better understood as connection. Guanxi has its roots in the Confucian philosophy of valuing social hierarchy and reciprocal obligations. Confucian ideology has a 2‚000-year-old history inChina
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CASE STUDY: DMG-SHANGAI Question 1: Closing Case: DMG-Shanghai-International Business chapter 3 1. Why do you think that it is so important to cultivate guanxi and guanxiwang in China? Guanxi and guanxiwang are essential to business in China. It is an important mechanism for building long-term business relationships and getting business done in China successfully. 2. What does the experience of DMG tell us about the way things work in China? What would likely happen to a business
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Shanghai is the most populated city in the world with an immense population of 17.8 million people. It is important because of its leading standing in media‚ finance and technology. In 2010 the city hosted the world expo‚ bringing itself to the attention of more people around the world. People from other parts of China and other countries come to Shanghai to pursue their goals. In the past two decades Shanghai has developed a new generation of talented youth‚ an imposing infrastructure and a prosperous
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Shanghai Tang – Case Study With regard to the problem of the lack of a creative director‚ we suggest a variety of solutions. Firstly‚ considering that the coordination of six designers have a vital importance in order to give compactness and homogeneity to the collections‚ the presence of a creative director is essential. Given the increasingly influential economic crisis ‚ we realize that hiring a new creative director can be a huge responsibility‚ so we think it could be useful to make each
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Shanghai Jahwa‚ established as early as in 1898‚ is the largest domestically owned (joint held by shanghai Industrial Investment group and Shanghai Jahwa corporation) Chinese manufacturer of cosmetics and personal care products. In recent years‚ it has been part of a booming market with annual growth rates of more than 30 per cen. This spectacular growth rate has attracted and been fuelled by the entry of major multinationals‚ including major Pond¡¯s(Unilever)‚ Procter & Gamble‚ Shiseido‚ Kao‚ and
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Case Study Shanghai Tang: The first Global Chinese Luxury Brand? 1) What is a luxury brand? A luxury brand is a brand that consumer associates it with luxury. Most of its products are luxury goods. It includes brands whose names are associated with luxury‚ high price‚ or high quality goods. A luxury brand is associated with sophistication (1 out of 5 brand related dimensions). Brands that are considered upper class and charming‚ high in sophistication dimension scale: E.g Cartier
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4. Results and Discuss 4.1. Location and Competitors 4.1.1. Location Analyses. Shanghai Min is easy to access. This restaurant is in the City of Dreams where the customer can take free shuttle buses to get there‚ which was covered with eight important transportation sites (e.g. Border Gate‚ Macau Ferry Terminal. etc.). Furthermore‚ the public transportation is very convenient. the customer can take the taxi or bus to the City of Dreams‚ and there are three bus stops and more than 13 routes. Besides
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