shape their business culture. It is important to learn and understand these critical components for doing business in China. It can be a confusing and fascinating experience for a westerner unfamiliar with Chinese customs and history. To learn the Chinese culture and history is to learn ancient Asian history. It is important that you do so. Confucianism and history play a major part in Chinese society and business today. Guanxi is the most critical component of business success in China. Guanxi is
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Myths about doing business in China Directed learning: Text 3 1. What is meant by face? Face is about mutual respect and behaviour towards favours and promises. It is about trust and personal relationships. In order to retain face you have to meet your obligations. 2. What are the difference between Guanxi and the western notion of networking? Western networking is working and doing business with acquaintance’s and no need to build personal relationships‚ they can bind their mutual trust
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The pros and cons of an online business With the advent of the internet‚ businesses have taken to new found markets according to a Jupiter study more than $107 billion was spent over the internet. This has opened new doors to entrepreneurs to start a business using the internet. Not to be confused with the dot.com business that busted in early 2000‚ but a legitimate businesses. Starting an online business like everything else in life has its positive and negatives aspects. These are some
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Business/Corporate Travel Definition & Why: A corporate travel agent provides travel advice‚ research‚ and booking services to business clients. Corporate travel agents assist corporate executives and employees in making business travel plans in accordance with corporate policies regarding travel‚ as well as ensuring that business travel is completed in a way that respects employee and business scheduling while also reducing costs. The corporate travel agent may work in house for a company or may
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ASSIGNMENT Kraft Food Inc. SM0376 Doing Business in Europe‚ Asia and the Americas Northumbria University Presented by 09 January 2011 NU Student Number: 11035717 SHAPE Student Number: 117011424 Table of Contents PART A 1 Question 1 1.1 Defining Partnership…………………………………………………...…5 1.2 Advantages of Kraft chooses Cadbury as a partner……………………...….5 2 Question 2 2.1 Potential risks of this acquisition………………………………………….6 2.2 Impacts
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Introduction Twelve years ago‚ the notorious case of Enron attracted people’s attention on business ethic. Until now‚ some issues are still worth pondering. This essay is going to argue the issues that raised by the case in terms of managing and making decisions in business ethics‚ and the corporate citizen and its stakeholders. Enron‚ the world’s largest energy trader‚ went bankrupt in a short period. It is not hard to discover when search further into the case that the collapse of the entity
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Standardised Testing Name: Institution: Abstract This paper explores two published books that touched on pros and cons of standardized testing in schools. Popham‚ (2001) and Sacks‚ (1999) suggest that through pros a student will have to pass certain tests to determine that he or she has acquired proficiency in various fields of study. According to the two authors‚ in cons the students who have mastery of the content‚ don’t show in the test; it mostly promotes teachers to teach tests and evaluate
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in China or to partner with a company that will provide tangible assets and other services for the US-based MNC? What stumbling blocks might exist when partnering with a company in China? After reading the article I believe that a US company will partner up with a company that will provide them with tangible assets and other services. As the fastest-growing major economy in the world‚ China continues to offer global companies attractive investment and business opportunities. However‚ doing business
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Doing business in Malaysia Contents Foreword 5 Chapter 1 - Introduction 6 • • • • • • • • • • • • • Geography & population Advantages of investing in Malaysia Language Political environment Economy Major exports and imports Import controls Regulatory environment Financial services Currency denomination Exchange controls Government policy on foreign investment Communications Chapter 2 - Intellectual property protection • • • • • Patents Trade
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Pros and Cons of Economic Growth Fostering economic growth remains at the heart of any national government’s agenda. As such‚ governments have embraced numerous strategies aimed at promoting economic growth‚ such as forging alliances‚ signing business treaties‚ and becoming members to business alliances. Economic growth refers to an increase in a country’s real Gross Domestic Product (GDP) or the value of the country’s national expenditure or output. While increasing economic growth has several
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