Now we can compare Japan’s chart of cotton yarn (Document 2) with India’s cloth textiles. (Document 2) shows that Japan is quickly entering the textile marker by its great increase in pounds of yarn made. This is due to the increased use of machines in Japanese textile making. An additional document would be useful by separating Document 2 in to two documents one being Hand spun yarn and the other being machine spun. It would be easier to compare and accurately account the increase of mechanization in japan’s textile industry.
As for foreign markets, I would suggest the method of licensing. This way Travel Wise can avoid the costs and risks of opening an overseas market and can avoid having to put time and money into researching a foreign market while still making a profit/garnering royalty payments on their product. Since Travel Wise already outsources the manufacturing of their current products and has good relations with their foreign suppliers, it would be wise to outsource the clothing to suppliers overseas. Building a manufacturing facility in the United States is costly and would require a lot of planning, and would be a better idea to add to long-term plans. Another reason to outsource the clothing is labor costs—the book states that labor costs in China (a country that Travel Wise already does business with) are less than $1 an hour, as opposed to $24.59 in the U.S. 2.
How and why did the Chinese and Japanese responses to the West differ during the nineteenth century? In the course of 19th century colonialism and European expansion, the far east and especially both China and Japan were becoming increasingly interesting to western states’ economies. Therefore, in order to achieve economic expansion, western powers started to try to open Japanese and Chinese markets, even though their ingrained principle of cultural and economic isolation forbade any type of interaction with other nations, which were commonly regarded as inferior. However despite the striking similarities in Japanese and Chinese traditional ways of dealing with other “barbarous” civilisations (Pelissier, 1967, S. 11-13) the outcome of the confrontation with the West could not have been more different. Whereas Japan successfully managed to modernise to such a point that it even eventually became an industrialised, modern state with democratic traits in an astonishingly short space of time (Henshall, 1999, S. xiii-xv), China’s adaptation has been infinitely slower, undermining its status as an independent state.
I think that Mattel is doing Fair in Middle East and well in the Asian market. Overall, Mattel is doing well, but they will need to adapt a strategy to make more market share in the Middle East. 2. Mattel has experience problems in entering the Japanese market. How could Mattel have achieved greater success in Japan?
Opportunities Articles of development of mature Japanese residents might be the choice for Louis Vuitton, like richer people together with mature ladies with greater purchasing control, though creating the Internet industry, request for the android phones and as well disbursing the fresher variety of merchandises for men in addition to kids might be the next stage for increasing development inside the Japanese Luxury market. Challenges Deviations inside the Japanese culture together with attitude have been the largest test for Louis Vuitton. The new generations do not have related ideas as previous individuals together with low financial background they are less significant to be motivated to accepting the extraordinary costs, which is previously established interest. Though, given that the excellence at the competitive
Doing Business in Japan An ancient culture which has evolved within the geographical boundaries of an island has produced a modern day society with unique values, traditions and customs. Doing business in Japan arguably poses the most potential for cross cultural misunderstandings. However, Japan's professionals are well educated in doing business with the West and will try to modify their own behaviours to accommodate you. Nonetheless, doing business in Japan necessitates preparing oneself by understanding areas such as business culture, business etiquette, negotiation and meeting protocol. This guide to doing business in Japan is in no way meant to represent an all-inclusive summary of tips on doing business in Japan.
It takes time and effort to adapt to different cultures and customs and you have to be fully willing and able to want to adapt to make certain companies like this one successful. Also, as Ken stated to John Sinclair, his American personnel manager, that Japanese are more successful in achieving high quality and productivity than Americans have been due to the application rather than ideas. Ken explains that the Japanese concentrate on applying ideas very carefully compared to the United States. Americans tend to emphasize creating new ideas and then moving on whereas the Japanese look at that idea from all angles and analyze how it will be implemented. He does a good job in stating that the Americans should take this adaptation slowly so that they do not misinterpret anything and really become one with the company philosophy.
1.0 Introduction: Xcellerate is a new concept of energy drink that will take the energy drink market by storm. Using lots of Vitamin B6 and B12 the drink is able to provide the same energy boost as a normal caffeine and sugar based drink, but is a much healthier alternative. The drink will be available in one flavour upon its initial launch in order to reduce the chance of brand dilution as well as easing manufacturing and distribution burdens. The brand will be priced in the medium to higher end price bracket in order to compete with premium brands and to avoid being associated with the low quality alternatives that compete solely on price. The main competitors in this segment for Xcellerate will be Red Bull, Monster Energy and Livita, however Red Bull’s dominance is easily identifiable with 5.6 million litres sold in 2011 (Marmet Sizes - Historic off trade volume - mn litres Malaysia, 2011).
Sammy Soto Bernaola International Management – INTL 48032.11 Dr. Paul Wilson 22 February 2014 Chiba International Inc. Case Can Japanese management practices work in the United States without adaptation? Why or Why not? What cultural values are relevant? It is well known that it can tedious to implement Japanese management practices in the American culture.It is not recommendable to force cultural differences into two different countries like Japan and United States because; it is likely to affect company’s performance. Management practices are crucial in a company because they determine companies grow.
This had the several direct effects: a) The new market positioning expanded the size of the motorcycle market out of leisure and into affordable transportation, initially in an area where the U.S. and European motorcycles were less competitive in terms of product features and pricing. b) Honda valued market responsiveness as critical. Consequently, the company invested heavily in R&D, achieving a shortened conception-to-production cycle, and maintaining a “Cold Storage” of future designs at the ready. c) Design and product features supported the positioning and the sales volume: for example, a step through frame, one-handed controls, and an automatic transmission. d) Viewing unit costs as a curve inversely proportional to volume (the Experience Curve), the market philosophy drove down the curve faster.