A main problem Timbuk2 is dealing with is their customers being unsatisfied with their products being produced and manufactured in China rather than in the home manufacturing site of San Francisco. Loyal customers of Timbuk2 are concerned that the bags made in China will not be of the same quality as the bags made in San Francisco. With customers having concerns, this could reflect the quantity of bags being produced and profit. Another main problem Timbuk2 is dealing with is the complexity of the machinery that is going to be used; this means there will be an increase in labor costs as well as an increase on the purchasing price of the bags. Timbuk2 is handling the problem correctly by making sure that the bags are being made in China are up to the standard of the bags that are made in San Francisco.
Executive Summary Shanghai Tang is a luxury brand company that draws its inspiration from historical Chinese culture. In doing so they were able to capitalize on the intrigue that western nationals felt towards the end of British control of Hong Kong. As people came to visit before Hong Kong became Chinese, they were able to see Chinese fashion influences. Now, the world is making moves into China as they now see the growing potential it has causing a threat to Shanghai Tang’s domestic market while other Chinese inspired companies are threatening their domestic market. If that wasn’t enough the companies long-time creative director, Joanne Ooi, is leaving the company creating a void in the leadership role of the company’s brand vision.
By 2005, it controlled a mere 3% of the Chinese cookie market and the team even considered pulling Oreo out of the Chinese market altogether for the long-term losses. While Chinese market plays an important part in Kraft’s international business, in 2005, Kraft decided to research the Chinese market to understand why the Oreo cookie that was so successful in most countries had failed to resonate with the Chinese people. Research showed the Chinese people were not big cookie eaters. Chinese consumers liked the contrast of sweet and bitter but they thought it was a little bit too sweet and a little bit too bitter. Without the emotional attachment of American consumers who grew up with the cookie, the taste and shape could be quite alien.
Credit Unions vs. Large Banks Looking for a good to bank to do business was very tough twenty years ago. Most people got very frustrated because they just have two choices a bank A or a bank B. Nowadays, there is more options available for customer when it comes to choosing a financial institution from a large bank to a credit union when the times comes looking for bank that offer the best financial services for them. To start, a large bank is a financial institution own by investors. The banks works to make those investors more money on variety of products and services, for examples many large banks offer different types of checking and savings accounts according to the interest that the customer wants to earn. Other of the thing why people prefers to choose a large bank is the convince locations on many places.
Assignment Title: Managing Creativity at Shanghai Tang Course Title: Creativity and Business Innovation Fall 2012 Instructor Name: Ali Farhoomand Student Name: Ahmed Waqas Student Id: 2010520840 Submission Date: 8th October 2012 Executive Summary Shanghai Tang, a luxury brand emerging from China faces a common problem, not just restricted to fashion industry, where creative aspirations and commercial imperatives collide. The key elements of the case study are creativity, leadership and organizational behavior. The conflict between the designers and business managers over the fact that the company’s creativity doesn’t serve the need of the market signifies the lack of leadership prowess on Le Masne’s part, which has led to tension between the designers and business managers. Moreover, to add fuel to fire in addition to global economic downturn, Joanne Ooi the creative director and the epicenter of creative direction of Shanghai Tang is leaving the company. The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products.
Case Analysis- Wal-Mart Introduction The implementation of Wal-Mart’s strategy in China has failed to achieve the desired sales results. Despite being the leading retailer in the world, Wal-Mart’s model of success that provides a key competitive advantage in the U.S. does not equally translate to diverse international communities. Likewise, Wal-Mart struggled in Germany and eventually withdrew by selling its stores to rival Metro. Despite the challenges currently being faced in China, Wal-Mart has experienced international success in Mexico, Canada and Britain. What long-term strategy should Wal-Mart adopt in China?
Executive Summary Shanghai Tang, a luxury brand emerging from China faces a common problem, not just restricted to fashion industry, where creative aspirations and commercial imperatives collide. The key elements of the case study are creativity, leadership and organizational behavior. The conflict between the designers and business managers over the fact that the company’s creativity doesn’t serve the need of the market signifies the lack of leadership prowess on Le Masne’s part, which has led to tension between the designers and business managers. Moreover, to add fuel to fire in addition to global economic downturn, Joanne Ooi the creative director and the epicenter of creative direction of Shanghai Tang is leaving the company. The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products.
DOING BUSINESS IN CHINA Improved international relations, government reforms, an expanding economy and increased foreign investment make doing business in China a potentially lucrative(money making or profitable) affair. Doing business in China means that business people will come into increasingly frequent contact with Chinese business people and officials. It is imperative that those doing business in China learn about areas such business culture, business etiquette, meeting protocol and negotiation techniques in order to maximize the potential of their business trip. In this short guide to doing business in China, a few cultural facts and their influence on business culture and etiquette are explored. These are in no way meant to represent a comprehensive summary of tips on doing business in China but a highlighting of some important key areas one may encounter.
Barb took notes during the meetings and made several observations regarding the Chinese teams mannerisms, which may have been false. Due to the U.S. teams lack of preparation and research on the joint venture, the 8-week stay was a failure. The United States culture is very different from that of the Chinese culture. Cultures are one thing that you need to look into and prepare for when doing business overseas. Case Questions 1) The United States and China vary greatly in their negotiation processes.
First, it helps me make a career change. Another degree or certification might be just what we need to climb further up the ladder, or to get that position we’ve been eying .Such as nursing, accounting, or teaching, we need a degree in that particular field to get hired. But even if we don’t end up going into a specific field, having a degree will be a huge asset in the job market. It will set us apart from other job candidates, give us a strong critical thinking foundation to use in the workplace. I am working to accounting now in America, but I am a brew engineer in China.