Preview

Meeting, Incentive, Convention, and Exhibition (Mice) Industry:

Good Essays
Open Document
Open Document
6261 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Meeting, Incentive, Convention, and Exhibition (Mice) Industry:
Meeting, Incentive, Convention, and Exhibition (MICE) Industry:
Analysis & Investment Opportunities

Department of Investment Services, Ministry of Economic Affairs

Table of Contents
I. (I) (II) II. (I) Global Trends in MICE Industry Development .................... 1 A 21st Century Goldmine................................................................1 The Asian MICE Industry Boom ...................................................2 The Status of MICE Industry Development in Taiwan ........ 5 Supply & Demand..........................................................................5

(II) An Analysis of Existing Gaps in the Industry Supply Chain, Investment Niches, and Prospective Foreign Investors................7 (III) Major Suppliers in Taiwan ......................................................... 11 III. (I) Optimum Investment Items for Foreign Investors ............. 12 Investment Advantages ................................................................12

(II) Investment Niches and Suitable Investment Categories ..............17 IV. Successful Examples of Cross-Border Strategic Alliances and Foreign Investment in Taiwan ................................................ 19 (I) Uniplan (Germany) ......................................................................19

(II) Messe Frankfurt (H.K.) Ltd. Taiwan............................................19 V. VI. Industrial Investment Incentives............................................ 21 Industry-Academia Collaboration in Taiwan.......................... 25

I.

Global Trends in MICE Industry Development
The meeting, incentive, convention, and exhibition (MICE) industry—a service

industry combining trade, transportation, finance, and travel—has been active in Europe and America for over a century. The MICE industry is characterized by the “Three Highs—high growth potential, high added-values, and highly beneficial innovations”; the “Three Larges—large output, large opportunities for employment, and
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Event Industry
    • 631 Words
    • 3 Pages

    Event Industry

    Critically discuss the negative and the positive impacts of the London Olympic Games from the perspective of all stakeholders, including the local community, the sponsors, the guests, the organisers, the volunteers and paid workers?…

    • 631 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Netflicks Case Analysis
    • 4214 Words
    • 17 Pages

    Netflicks Case Analysis

    Appendix A: External Environment 1. Key economic and industry variables (A-1) 2. Porter’s 5F analysis (A-2) 3. Key drivers for the industry (A-3) 4. A positioning map of the industry (A-4) 5. KSF’s in the industry (A-5) 6. Conclusion about the attractiveness of the industry (A-6)…

    • 4214 Words
    • 17 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Welcome to the World of Sony - Unless the Yen Keeps Rising
    • 4982 Words
    • 20 Pages

    Welcome to the World of Sony - Unless the Yen Keeps Rising

    Foreign direct investment (FDI) plays an extraordinary and growing role in global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. For a host country or the foreign firm which receives the investment, it can provide a source of new technologies, capital, processes, products, organizational technologies and management skills, and as such can provide a strong impetus to economic development. Foreign direct investment, in its classic definition, is defined as a company from one country making a physical investment into building a factory in another country. The direct investment in buildings, machinery and equipment is in contrast with making a portfolio investment, which is considered an indirect investment. In recent years, given rapid growth and change in global investment patterns, the definition has been broadened to include the acquisition of a lasting management interest in a company or enterprise outside the investing firm’s home…

    • 4982 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Greenfield (India V. Germany)
    • 3359 Words
    • 14 Pages

    Greenfield (India V. Germany)

    As a part of its international expansion program, Acme, a U.S. multinational enterprise (MNE), is currently in the planning stages of establishing a Greenfield which is an investment that establishes a production or service facility starting from the ground up overseas (Eitman, Stonehill, Moffett, 2004). In this paper, we will present a proposal to the steering committee comparing the advantages and disadvantages of starting operations in one of two selected foreign countries overseas. However, the steering committee has determined that one alternative must be a member of the European Union EU while the other cannot be a member of the EU or the country of China. In this paper, we will provide the reason behind selecting Greenfield as the form of foreign investment, the Difference between Domestic and International Market. After that, we will provide a comparative analysis between India and Germany. The analysis will focus on each countries trade polices, workforce, tax rate, right to private ownership and establishment, countries ' currencies, corruption and political risk. This will help provide us with a picture of where a Greenfield investment is most appropriate.…

    • 3359 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Organisations: Organizational Structure and Team Members
    • 6668 Words
    • 27 Pages

    Organisations: Organizational Structure and Team Members

    * Buckley, P. J., Glaister, K. W. and Husan, R. (2002). “International joint ventures: Partnering skills and cross-cultural issues”. Long Range Planning, Vol. 35, pp.113-134.…

    • 6668 Words
    • 27 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Chemistry of Batteries and Its Implications on Modern Society
    • 1185 Words
    • 5 Pages

    The Chemistry of Batteries and Its Implications on Modern Society

    Huawei, e. a., & expertise, b. (n.d.). Economy; China technology and innovation. INSEAD Knowledge - Best of business research. Retrieved January 30, 2012, from http://knowledge.insead.edu/economy-china-technology-and-innovation-100527.cfm…

    • 1185 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Global Marketing
    • 5361 Words
    • 22 Pages

    Global Marketing

    Holton R.H., (1989). Foreign investment and joint ventures: an American perspective. In U.S.- China Economic Relations: Present and Future, Institute of East Asian Studies)…

    • 5361 Words
    • 22 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Marketing facroes
    • 1344 Words
    • 6 Pages

    Marketing facroes

    1. PEST Analysis:Political Factors:The laptop and PC industry is expected to grow at a faster rate in developing countries comparedto the developed countries. Therefore, changes in government policies in developing countrieslike India and China can affect the potential growth rates in their markets. For instance, theremoval of import duties on laptops in India in 2005 was one of the factors that resulted in agrowth of 94% in laptop sales in 2005 [6]. Increasing focus on the environmental impact of high-tech trash has lead to more stringent environmental regulations on the electronics industry such asthe RoHS (Restriction of Hazardous Substances) and WEEE (Waste Electrical and ElectronicEquipment) Directive. The additional testing and certification involved directly affect the supplychains for laptop and PC manufacturers, resulting in increased costs. For instance, in Canada, theenforcement of the WEEE Directive will increase the cost of computers by $15 [7]. The increaseeither affects the consumer or reduces profitability for manufacturers.Economic Factors:The global economy influences various different factors that affect the growth of the PC industry.Business capital spending for small and large corporations, resulting in reduced demand for PCs.Gartner, Inc. forecasts a decline of 3.8% in global IT spending, of which computing hardwarespending is expected to decrease by 14.9% in 2009[8]. Though this decline in IT spending is likely torecover slowly during 2010 [8], the global PC market is expected to face declining growth rates interms of market value, from an expected 5.4% growth in 2009 to 4.1% in 2012 [3] Most laptop (andPC) manufacturers such as Dell, HP, Acer, Lenovo, and Apple generate sales throughout the worldand therefore currency exchange rates are an important factor as well. The strength (or weakness)of the US dollar versus other currencies can directly affect a…

    • 1344 Words
    • 6 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Competitive Advantage in Emerging Markets Written by Martin Roll
    • 1523 Words
    • 7 Pages

    Competitive Advantage in Emerging Markets Written by Martin Roll

    That China and India are fueling the global economy with its more than 3 billion consumer market and thriving national economies is well acknowledged. Equally well acknowledged is the quest of many global companies to gain a substantial market presence in these economies in order to grow and be competitive in the new business landscape, as can be evidenced by the ever growing foreign direct investment into both these countries and the number of global companies entering these markets.…

    • 1523 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Why Should the Factor of Political Stability Be at the Very Top of the List of Criteria Used to Evaluate the Attractiveness of Potential Foreign Investments?
    • 453 Words
    • 2 Pages

    Why Should the Factor of Political Stability Be at the Very Top of the List of Criteria Used to Evaluate the Attractiveness of Potential Foreign Investments?

    There are several issues that should be considered when evaluating the attractiveness of a potential foreign investment. Among them we can stress three main groups of criteria: general market risks, commercial risks and political risks (the ones in focus in this essay).…

    • 453 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    conference and banqueting sunny p1
    • 2594 Words
    • 8 Pages

    conference and banqueting sunny p1

    Banqueting is mostly related to hotels or any other different halls that can provide the space for any type of event even if this kind of service is now being hired by various food service companies, like restaurants, due to its profitability.…

    • 2594 Words
    • 8 Pages
    Better Essays
    Read More
  • Better Essays

    Strategies for Competing in a Changed China
    • 4882 Words
    • 20 Pages

    Strategies for Competing in a Changed China

    The night before China’s entry into the World Trade Organization in December 2001, Motorola Inc. held its global board meeting in Beijing for the second time and announced an ambitious plan to increase investment, revenue and sourcing by $10 billion each in China over the next five years. Other companies have had similarly grand visions. Telefon AB L.M. Ericsson announced that it would more than double its investment in China to $5.1 billion, also over a five-year period. General Motors Corp.’s plans call for Chinese operations to generate more than $3 billion of revenue by 2008. By that same year, Bayer AG intends to have the second phase of its $3.1 billion production facility up and running…

    • 4882 Words
    • 20 Pages
    Better Essays
    Read More
  • Good Essays

    Apparel Industry (Porter's Five Forces)
    • 748 Words
    • 3 Pages

    Apparel Industry (Porter's Five Forces)

    The big number of population in China provides retailers with a huge and cheap labour power. Furthermore, according to Day (1996), many foreign investors had experienced difficulties in sourcing products in China such as basic raw materials and components due to the poor and unsteady quality, late deliveries and shortage of quantity with local suppliers in the past. However, following with foreign investment and government’s capital, suppliers are getting more competitive. China becomes the most popular outsourcing provider.…

    • 748 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    How International Firms Insight from Industry Are Coping with Supply Chain Issues in China
    • 2821 Words
    • 12 Pages

    How International Firms Insight from Industry Are Coping with Supply Chain Issues in China

    A recent US-China Business Council survey found that US companies cited the supply chain-related problem as a major problem facing companies operating in China. One reason for this is the restrictions placed on providing distribution services through third parties. Foreign firms are required to import products through officially sanctioned trading companies. Third-party foreign trading companies and distributors have been prohibited from direct participation in the market and from providing a complete range of trading and distribution services. Other supply chain-related problems include: . Difficulty in locating local qualified suppliers. . An underdeveloped information technology (IT) and telecommunications infrastructure. . The unreliability of the Chinese transportation infrastructure in many areas. . The high rate of damage/loss in transit. This paper addresses issues of interest to firms wishing to establish their supply chains in China. It provides a snapshot of current problems facing firms expanding operations in China and describes the practical strategies for solving these problems. Finally, it provides a synopsis of lessons learned by firms currently operating in China and future trends in the country.…

    • 2821 Words
    • 12 Pages
    Good Essays
    Read More
  • Good Essays

    PESTLE Analysis Of MICE Industry In Singapore
    • 1624 Words
    • 7 Pages

    PESTLE Analysis Of MICE Industry In Singapore

    Singapore is the economic center of Southeast Asia, most of the income comes from the exports. Since 2016, the prospect of global economy become better and better (2017); therefore, because the high stability of Singapore economic, many investors start to invest and hold a meeting or corporate event in Singapore. According to the finding of Tang See Kit (2017), in the first quarter of 2017, the Singapore GDP expanded 2.5%, compared with the same period of last year. Which is mean the Singapore economic is still rising, it’s a good sign for every industry. In fact, having a stable economic will help the “MICE” industry to develop faster, at the same time, having a highly development “MICE” industry will boost the economic as well, its complement each other. It’s not so difficult to understand, because when some international attendees join in a business meeting or exhibition, compare with other individual business travelers, they will have a higher chance to purchase products or do investment…

    • 1624 Words
    • 7 Pages
    Good Essays
    Read More

Related Topics