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op yo KITCHEN BEST: ETHICS WHEN DOING CROSSBOUNDARY BUSINESS IN SOUTHERN CHINA
I believe you need to set big goals that challenge people to get big results.
- Henry Chan, chief executive, Kitchen Best
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Kitchen Best Appliance Co. Ltd was a home electrical appliances company based in Hong
Kong with its own manufacturing plant in Guangdong province. The company was founded by Hong Kong businessman Chan Dong-hwa. In 2008, Chan handed the reins to his son
Henry, who immediately set some ambitious targets for the business, aiming to double revenues over a four-year period. His plan suffered a setback in 2010 when a series of incidents revealed personal gains made at the expense
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In 2008, Hong Kong was the world’s third-largest exporter of food grinders, mixers and juicers.6 As competition intensified, especially from their Asian counterparts, many Hong Kong household electrical appliance manufacturers moved from mere original equipment manufacturing (ie, producing to the specifications of other companies) to original design manufacturing (ie, generating designs and carrying out manufacturing for other companies’ brands in order to provide more added value to their customers). Electrical appliance manufacturers also had to comply with the safety and environmental regulations of importing countries. The US and the EU had their own standards and requirements.
The Kitchen Appliances Industry
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The global kitchen appliances industry was forecasted to reach a volume of more than 900 million units and a value of US$154 billion by 2013, with cooking appliances expected to be one of the most lucrative segments, contributing 35.2% of total industry revenue.7 Increased market penetration in developing markets were expected to be strong drivers for industry growth, while the need for replacement, furnishing of new homes and trade-up for new features would continue to fuel developed markets.8 China was not only one of the world’s largest household appliance markets but also one of the biggest exporters. As global demand for household appliances persisted, China’s exports were expected to slow as competition
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Obtaining realistic goals establishes credibility that translates into leadership, many of which are prepared even before
4-pc. Kitchen Suite (Includes Stainless Steel Dishwasher, Side-by-Side Refrigerator, Over-the-Range Microwave, and Electric Range): Page 4
PostText12: Trends in laundry appliances: For convenience, they are increasingly centrally located (kitchen instead of
The goals and KPIs are bold and admirable, but they are not relatable to the process that will ultimately determine their outcome. The system will produce what it produces; you can’t get more out of a system than it is capable of making. Without
appliances were more and more common in almost all households. “By 1960 there were 440
Semicontronics is an Australian manufacturing company that has been in the business of semi manufactured electronics for over a decade. Semicontronics has a solid reputation for meeting customer demands for quality products on time and on budget. The majority of Semicontronics customers are international, mid-market manufacturing companies that produce generic electronics such as cell phones, digital media players and game consoles. Retail stores in foreign countries purchase the generic products and rebrand them for sale.
In a workplace, goals are always necessary for growth in the company or services provided. An important thing
China represents a great market for any state, and many of the countries of the region have been able to seize the moment. The figures 1, 2, 3 and 4; made by the author with data taken from the World Bank,
Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April.
Helping organizations to create and achieve goals is an essential part of what it means to be a leader. Goals provide direction for followers and set priorities (Leadership Strategies [L.S.], 2015, figure 1). Gen. Colin Powell, former U.S. Secretary of State, claimed that "Great leaders are almost always great simplifiers, who can cut through argument, debate and doubt to offer a solution everybody can understand." (Tayor, 2015, para. 4). In essence, great leaders are able to sift through the distractions that pull organizations and individuals in a multitude of different directions, and are able to unify their efforts under one banner. Leaders determine the vision, and then utilize goals to make that vision a reality. Goals provide a
Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April.
According to the chart, the homewares products grew up to 2.5% in 2015 and the forecasting shows 1.9% in 2020, which means that the products are growing slower each year, whereas, the writing instruments - 3% in 2015, and 6.1% in 2020.
The main advantage of doing business in China is the fact that China has emerged as one of the world’s strongest economic forces, driven by the shear number of
In 2009, Kenwood invents the Cooking Chef .The first Kitchen Machine with a built-in induction heating element, which cooks and mixes at the same