Qingdao Haier‚ Ltd.: Considering the Maytag Acquisition Executive Summary Situation Executives at Chinese home appliance manufacturer Qingdao Haier‚ Ltd. (Haier) have just learned that Ripplewood Holdings placed a bid to purchase Maytag Corporation for $1.13 billion or $14/share. Maytag Corporation‚ the 3rd largest home appliance manufacturer in the United States‚ has announced that it will consider competitive offers for the acquisition of the company. Chinese home appliance manufacturer
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Introduction Haier group is a multinational manufacturing company providing consumer electronics and home appliances. In 1984‚ it was been founded in Qindao‚ Shandong province‚ China‚ with a joint-venture contract with Liebherr‚ a Germany’s refrigerator company. Under the development of over three decades‚ Haier has transferred from a single-product company to a global manufacturer with multiple product lines. It has expanded its brand to brown goods and white goods. Nowadays‚ Haier is the 4th
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5. Conclusion 3 Appendix A: OEC Evaluation Worksheet 4 Appendix B: Possible Gender Issues 5 References 6 1. Introduction to Zhang Rui Min Zhang Rui Min (Zhang) is the Chief Executive Officer (CEO) of Haier Group. Under his leadership‚ revenues at Haier had surpassed $12 billion with over 30‚000 employees and he is recognized as one of the “50 most respected business leaders in the world.” 2.1. Personality Traits Despite having abbreviated education‚ Zhang has a voracious
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Analysis organizational capabilities of Haier Group As we all know‚ Haier Group is a Chinese multinational consumer electronics and home appliances company. Its products include air conditioners‚ mobile phones‚ computers‚ microwave ovens‚ washing machines and so on‚ and also has been received a big success and good reputation in the world. There are some reasons for organizational capabilities about why Haier Group could achieve a big success. About human capabilities‚ it should not be ignored
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Haier globalization strategy Encouraged by government to create international brands has built a reputation at home for quality‚ innovation‚ and customer service Haier tries to replicate its domestic success overseas‚ it faces enormous challenges—everything from learning the preferences of new customers to managing its growing foreign operations In the United States‚ it has established a beachhead by selling niche products under the Haier brand name through The Home Depot‚ Sears‚ and Wal-Mart
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Strategy The obiectiue of most Chinese enterprises is to export products and earn foreign currency‚ exploing easier markets first like Southeast Asi1. . . Our purpose is to establish a branil reputation Ay ‚ Tirit penitrating dfficult markets such as the United States. . . . All success relies on one thing in werseas iark*s---ereatingi Iocalized U.S. brand instead of an imported Chinese brand. We see an-opportunity to compete against established‚ slotn moving companies thue by being more customer-focused
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This version: 16 January 2006 This version: 16 January 2006 ACCELERATED INTERNATIONALIZATION BY EMERGING MULTINATIONALS: THE CASE OF WHITE GOODS ACCELERATED INTERNATIONALIZATION BY EMERGING MULTINATIONALS: THE CASE OF WHITE GOODS Andrea Goldstein OECD Development Centre 2‚ rue André Pascal 75775 Paris Cedex 16 France Tel. 33 1 4524 8946 Email andrea.goldstein@oecd.org Federico Bonaglia OECD Development Centre 2‚ rue André Pascal 75775 Paris Cedex 16 France Tel. 33 1 4524 9603 Email federico
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Haier What is technological change? Technological change (TC) is a term that is used to describe the overall process of invention‚ innovation and diffusion of technology or processes.[1][2] The term is synonymous with technological development‚ technological achievement‚ and technological progress. In essence TC is the invention of a technology (or a process)‚ the continuous process of improving a technology (in which it often becomes cheaper) and its diffusion throughout industry or society. In
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competitive advantage(s) do you think the Haier Group has? What competitive strategy does the What company appear to be following? Explain your choices. The main competitive advantage that Haier group has is the innovation being the main focal point of the company’s mission as well as their high-quality in client satisfaction. The main competitive strategy that Haier Company is adopting is the social work. By sponsoring sport teams in Australia and the USA‚ they are showing the community their
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patterns internationally and on the domestic market Outline the synergies and major stages of Haier restructuring process to implement their international strategy and adress the impacted corporate functions. 1. 2. 3. Value chain outline Business model restructuration Domestic market 1. Analysis 2. Factors of success 4. International expension strategy 1. Management method 2. Analysis 3. Factors of success 5. 6. Value creation Debate Top quality
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