Special consideration was given pertaining to legal action because CardMex was operating in a foreign country. If local customs and laws conflict with the foreign organization operation the local law and customs should prevail because the contract based from there. For example, the United States does business with China. If the United States companies have uniforms, but they are operating out of China and the Chinese want to wear the traditional attired to work. If there is an issue the Chinese should win because the United States are operating out of China, and it is a part of their cultural.
Technically, China does have some laws against taking bribes but there is a fine line between bribes and gift giving. It is an acceptable practice to give gifts to the officials that a company works with because it shows respect and that you value their friendship. The problem is that the gifts are becoming more and more expense to ensure the company gets everything that is needed to open a division in their country. The Chinese government is getting more aggressive with cracking down on officials taking bribes in order to fast track business licenses, but there is still a long way to go. According to FCPA, it is illegal in the United States to bribe or accept a bribe in return for favors, and most statewide business will abide by these laws.
Nike Research Paper Posted by admin as Example papers Research Paper: Hitting the wall – Nike and International Labor practice Introduction One should start by saying that having read the Nike company case study I understood that the company despite its great popularity in the USA has certainly been questioned for its notorious exploitory practices abroad. One one had the company strives to minimize its costs and maximize the profits, yet on the other hand some claim that it should do everything possible to benefit the society it works in. The following essay will explore the Nike’s global strategy towards cost minimization, explore the ethics behind it and present numerous educated findings together with my personal opinion. Body Outsourcing is one of the most important business practices that the modern day organizations use in their daily practices to minimize costs and improve competitive advantage. There currently are two main types of outsourcing: traditional and Greenfield 1.
Hiringthe foreign workers may interfere with the policies of China¶s political and legal environment.Prior to Riordan¶s plans to expand the facility in Hangzhou and hire additional foreignworkers, the management should consider the political and legal climates of China to eliminateinterference with the goals of the company. China is a communist state but embraces a freemarket economy (Hodgetts, Luthans, & Doh, 2005). Presently the political environment is stablein comparison to Latin America or the Middle East (Hodgetts, Luthans, & Doh, 2005). However,Riordan needs to investigate thoroughly the legal and regulatory aspects of expanding the facilityand hiring foreign workers in China.The legal and regulatory environment in China needs investigating. Planning to expandthe Hangzhou facility must be approved by the government.
China was completely contrary from Central Africa on economic, political, and cultural bases during the 1500-1800. From 1000-1500 China led the world in economic development and there after experiencing the trauma of rule by the Yuan Dynasty, China adopted policies that favoured Chinese political and cultural tradition. On the other hand, the kingdoms of central Africa had initiated commercial relations with Portuguese merchants and diplomatic relations with Portuguese monarchy. Portuguese traded for slaves and slave trade undetermined the authority of the King. The Kings were converts of Christianity just to establish closer relations with Portuguese whereas Chinese has great problems with the exclusivity of Christianity but the Jesuits were respectful of Chinese culture and won a few converts.
Global Supply Chain Management and Strategic Sourcing Case Study Questions Question 1: Based on the risk factors associated with the Bugabyte and the Bugabyte Lite, which product do you think Grunwald and Vogel will recommend as the best candidate for assembly outsourcing? This case study is embedded on procurement management and global sourcing. This is supported by the move of Metrovox outsource various functions from suppliers in China where it purchases the components of both Bugabyte Lite and Bugabyte for its assembly plant in Germany. In an effort to maintain its market position and competitive advantage, Metrovox was compelled to improve its previous product-Bugabyte by developing video capability. The new development had great impact on production such that it was delayed thus delaying delivery of the product by 30 percent.
eBay first entered China by acquiring a minority stake in EachNet. What are the advantages and disadvantages of this method of market entry? One of the most significant advantage of this method of market entry is that when a foreign company decides to acquire a Chinese domestic company, it needs to learn not only the internal structure of the company, its business segments, its original value propositions to the domestic customers, but also its core competencies in competing domestically. Therefore when acquiring a domestic company such as Eachnet, eBay did a good job of not rushing to take over the company and run it as if it is competing in the US market, instead it let the company continue its business model and operations. However, as mentioned in the case, “senior management had not felt respected by their US headquarters, which had not given them enough autonomy and had directed the from afar instead”, it seemed like as time progressed, Ebay started taking too much control over the company without fully learning the consumer behaviors, nor the significance of cultural differences between China and United States.
China’s culture is founded upon Confucian and Maoist, rather than capitalist, which impacts ethical decisions made by Chinese business leaders (Fok, Hartman, & Kwong, 2005). Jamaica’s heritage is capitalist and it is a low uncertainty avoidance country which means the country is open to changes in pressures to industrialize more so that other cultures. The country’s eagerness to develop could have an impact on how ethical its business leaders are, when it concerns making decisions that affect financial, environmental, and cultural issues (Fok, Hartman, & Kwong, 2005). The results of the study show that when the
Lastly, how to reduce the economic gap between coastal regions and inner periphery? In other words, we can learn that this kind of economic of development is not good for China from the texts. In order to know how China’s coastal cities are developing better than inner periphery region, we have to study the open-door policy under Deng’s leadership. “By opening its Pacific Rim to market forces, by exploiting its huge working class, and by encouraging millions of Overseas Chinese…to invest money in their homeland” (Blij 374). This quote is the best interpretation of the Special Economic Zone’s features.
Gap Analysis: Riordan Riordan Manufacturing opened a production facility in China. Because it flourished, Riordan's CEO wanted to add another facility. By adding another facility, Michael Riordan hopes to provide the company with additional international opportunities. The competition in China results in a lack of skilled labor; however, labor from nearby countries is available to Riordan Manufacturing. Using workers from these other countries requires Riordan Manufacturing to consider cross-cultural issues.