UNIVERSITY OF BALLARAT
FACULTY OF BUSINESS, ENVIRONMENT & SOCIETY
MASTER
IN
BUSINESS ADMINSTRATION
ENTREPRENEURSHIP
CASE 14.3 – EDGAR’S BUSINESS
SUBMITTED BY : SODHI PRABJOT
STUDENT ID NUMBER : 30106256
LECTURER : DR. WONG WAI NAM
EDGAR’S BUSINESS
What type of arrangement is Edgar using in his business dealings with the firms in Australia, Singapore and Dubai? Be complete with your answers.
Edgar sells its products to different parts of the world through a contractual agreement. Edgar has a strong association in Australia, Singapore and Dubai to sell its products on the
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In this way he can monitor the market trends and evaluate his strategies accordingly.(Wordpress, 2012).
Therefore, before attempting to set up operations in China to focus on the Asian market, you can implement dealer / Chinese cooperation with local businesses. After checking the sales for one or two years, as the company made a profit of starting a new company in China to develop (Rpemery, 2012). The local Chinese distributor also helps start a new business because they know the market well. This avoids confusion for sale in the country and increases the tedious tasks, such as finding the right place for the office or the purchase of machinery for the production of plants to reduce. It has the support of Chinese merchants to do business.
Personally, I recommend Edgar in collaboration with a local company in China. As for the Asian market, it would be very easy for him to get the chips to sell to neighboring countries as the process itself would be a good thing for China. Edgar must begin to enter into distribution agreements with certain suppliers in China. If it is known in the chip industry can create their own Asian company to be established in China and its operations and management functions itself when it is installed in a place I know the whole culture work and local law. It would be great Edgar profitable in the long term.
Reference
GeminiGeek. (2013). Meaning Of Partnership. Retrieved from
On the other hand, knowledge of the political and legal environment of China will be fundamental. Information on their laws and regulations, such as foreign trade policies, product standards, tax laws and requirements, trade barriers, labor laws, etc. are extremely important when assessing China as a potential market for our company. Finally, a thorough research on China’s market conditions, such as potential competitors, market trends, market opportunities and threats, potential risks, unique market characteristics, etc. will be necessary to obtained a complete evaluation of the country before entering the market.
Today, China allows and creates many job and advantages for oversea citizens. In the passing years, China has been expanding its oversea trades constantly, which attracts and interests many oversea citizens and American to bring their business to China. My cousin has established a company in America few years ago, his corporation empowers real estate agents and photographers to add huge value to property sales and rental transactions with virtual reality and sing property websites. Few months ago, he brought his business back to china because he sees China does not have any firms like his. So he decided to go back to China to establish another branch. And now, his firm works very well in China’s market, and many real estate agents are interesting in it, which made a very good outlook for him. Besides, he is luck that he has caught the right moment and opportunity to expand his business in both America and China. Additionally, he tells me that the China’s market now is favoring the oversea citizens, if I am interested in return back to China after graduated, I should plan ahead right now to see what is China lacking off today. Meanwhile, not only my cousin is telling me this, but many of my other relatives and friends are also have the same remind to me, which makes me see the hopes and
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