In addition, by understanding the culture and societal trends of China, it will be easier to create the most effective marketing strategy and IMC programs for this country. Also, understanding the elements of the business environment of China, such as ethical standards, management styles, formality, and other factors are essential before entering a foreign market.
Imagine you work at a business outside of Austin, Texas. For 10 months out of the year you are required to be outside in the Texas heat for 3 hours a day twice a day. Now imagine that you also have a full schedule of classes to attend. On top of that you generate millions and millions of dollars each year for your employer of which you don’t see a single penny, and if you’re not lucky you are actually paying them to be there. Does this sound like some kind of underground sweatshop operation Nike is running in the heartland of America? Actually, this is describing the typical life of a college football player at the University of Texas under the current guidelines of the National Collegiate Athletic Association (NCAA).
In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.
Not only is this outsourcing causing companies to lose their best employees, but also the consumers that buy their products. "Employees displaced by foreigners and left unemployed or in lower paid work have
Every country differs in culture which has been there for centuries. The international market is growing rapidly, with more and more multinational organisations entering new markets each day. In this assignment I will evaluate how the difference in cultures affects the performance of international businesses.
In our country law there is no business having obligation to protect environment. But a lot of company are don't care about their moral responsible and it give more negative impact toward environment. Good example would be toxic wastes cost them illegally to dump into the lake. All these wastes had destroyed all the food chain system and the wild habitats in the country. This case can looked in more theory who say that our tasks are more for protect human welfare and this idea was know as "ecology ethic" or " ocean ecology" which state that environment must be protect, regardless of either it gives direct effect to mankind or not.
American companies and their products, have increasingly been pursed to be manufactured abroad. This however is one of the biggest discrepancies we confront within our economy. Although many businesses argue this is beneficial in order for them to turn a higher profit and be successful, the National Labor Committee thinks otherwise. Outsourcing has become one of the leading factors in product recalls, exploitation of workers, and a major contributor to the unemployment statistics in the US.
Consumers want the best quality at the lowest price and the investors want to see a high profit, so to do that companies have to find the middle ground. Which means they have to find the best solution for everyone even if it means outsourcing jobs offshore because it more cost effective for the company. According to Jagdish N. Bhagwati, “employing workers at lower cost allows U.S. companies to be more efficient and productive, permitting them to create the same amount of goods with fewer resources. In turn, this lowers the price of the goods in the United States, strengthening U.S. companies and freeing workers for other tasks. The savings allows U.S. companies to stay afloat and expand in a highly competitive global market” (Otterman, 2004). Outsourcing is not always a bad, it is a change, and change is what pushes both our economy and our nation forward.
My colleagues and I agree that in certain circumstances that freedom of expression could be limited, for example it is illegal for people to say “bomb” in an airport or “fire” in a crowded movie theater. An example, in the case of Nike v. Kasky a confidential audit by Ernst & Young about Nike’s labor practices in southeast Asia. The audit stated that “workers in the Nike factory were exposed to harmful and toxic chemicals without protection, subjected to physical, verbal, sexual abuse, forced to work excess amount of overtime without proper pay, and suffered from poor ventilation, and drinking water.” In this case I believe that the worker has the right to say what the company was doing , but i feel like disclosing information about the your
Making business abroad can be risky, but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges, when doing business across and inside of different borders. Identifying the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business can be crucial for a business. Aspects to consider when studying culture in a new place
Cultures are varying among different parts of the globe. People with different cultures have different characteristics and viewpoints on the subjects due to diverse understanding and method of learning. During the past few decades, the international trade grows in a very rapid rate due to the advantages that it provides; “increased sales, operational efficiencies, exposure to new technologies and broader consumer choices” (Heslin). Therefore, when considering the culture aspect to current business world, it is crucial for business to understand the culture aspect because of the tremendous growth of international business as well as utilize the international market to its maximum
Sometimes cultural difference between countries can cause a negative impact when conducting free market businesses. According to the textual evidence, economic advancement and globalization may be important factors in society change. The culture of societies may also change as they become richer because economic progress affects a number of other factors, which in turn influence culture.
“Is labor outsourcing to developing countries a legitimate business strategy that can be handled without risk of running into a sweatshop scandal?” outsourcing of production facilities and
With the development of the global economy, the interaction between environment and companies became more important, therefore, throughout macro environment analysis, which includes political, economic, social, environment, legal and technology (PESTEL) that provides an indispensable part in the comprehensive list to understand opportunities and threats on the businesses (Searle and Barbuto, 2010). In this industry, political, economy and technology would mainly influence the strategies, thus