SWOT Analysis Strengths: • Haier has a single company which serves the entire group in logistic that could reduce their cost. • They have a good innovation and continue improving in the product design. • Their products focused on the quality‚ which is better then their competitors in domestic market. • There is a service center that has a good service performance with computerized system in order to tracks the customer response. Weaknesses: • Opportunities: • The
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report is to critically evaluate Balanced Scorecard (BSC) as a performance measurement tool available to Management Accountants. In conducting this study‚ classical and modern literature on BSC as well as its real world applications in a potentially global company was reviewed. It was found that BSC provides valuable information that supports managers in taking strategic as well as tactical decisions. In addition‚ BSC appears to be positively associated with profitability and managers’ job satisfaction
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Management and control Issue to be highlighted | Relevant references | Recommendations | DIRECTOR’S DUTIES * Directors‚ Encik Zayed and Puan Hashimah do not understand about the Companies Act 1965 and his responsibilities | * Section 132 of Companies Act 1965 : director of a company shall at all times exercise his powers for a proper purpose and act bona fide (in good faith in the best interest of the company) * Shall exercise reasonable care‚ skill and diligence with the knowledge and
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The Haier Group I. INTRODUCTION A. EXECUTIVE SUMMARY 1. This case analysis studies the globalization projects of one of the most successful companies in China‚ Haier‚ and a small appliance company. The case analysis focuses on Haier’s plans in the U.S. market to establish itself as a major brand. The case also gives information about the competition in the U.S. consumer appliance market and its structure‚ and the strategies adopted by Haier to overcome the obstacles. The problems faced
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A Profile of Haier Group Founded in 1984‚ the Haier Group has been dedicated to innovation and creating a world famous brand over the past 26 years. Originally a small collective plant on the verge of bankruptcy‚ it has now grown into an international group which has more than 70‚000 employees around the globe and realizes a turnover of 135.7 billion yuan in 2010. Haier has risen to be the world’s No.1 brand of consumer appliances. In addition‚ it was selected as one of the world’s Top 10 innovative
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Give examples and lucid explanation of the various types of control that can be used by a manager. Managers can implement controls before‚ during or after an activity has been completed. The first type of control is called feedforward control; the second‚ concurrent control; and the last feedback control. Feedforward control Feedforward control anticipates problems. It is the most desirable type of control due to the fact that it actually prevents the problem as it takes place before the activity
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Haier Group Company Zengyu Xiao MGMT 335 Prof. J McDaniel October 9th 2014 Catalogue The Company 3 Company Name 3 Company History 3 Company Background 7 Nature of the Business 9 Company’s Vision Statement 11 The Customer 15 Company Mission Statement 15 Organizational Goals 16 Order Qualifiers 18 Order Winners 19 The Environment 23 Company SWOT Analysis 23 Porter’s 5 Forces Analysis 24 Environmental Scan 28 Organizational Strategy 29 Research 30 1 THE COMPANY 1.1 Company Name: Haier Group
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Introduction Haier is the world’s 4th largest white goods manufacturer. The business scope of Haier is technology research‚ product development and manufacturing‚ trade and financial services. The key products are refrigerators/freezers‚ commercial air-conditioners‚ microwave ovens‚ washing machines‚ dishwashers‚ televisions‚ mobile phones‚ and computers‚ etc. Haier has 240 subsidiary companies and 30 design centers‚ plants and trade companies and more than 50‚000 employees throughout the world. Haier specializes
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HAIER : Taking a Chinese Company Global Overview: Haier Group found in 1984 was a failing refrigerator company when Director Zhang came into force.At that time he did what he will be doing best in the coming years and signed a licensing agreement with German refrigerator company Liebherr. In 1986‚ Haier reached a profit of 1 Mio RMB. Altough there was a huge market demand‚ the company resisted mass production and continued to focus on quality and brand-building instead.The company’s target was
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3. 3. Haier uses both related and unrelated diversification strategies. A. Describe how Haier uses activity sharing and the transfer of core competencies to create value. (related diversification strategy) Haier catapulted in the last two decades producing consumer products that are sold in similar fashion. They all shared distribution channels‚ outbound logistics‚ and sales forces. Haier was able to develop core competencies through effective activity sharing of primary activities resulting
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