Preview

EGT1 Task4

Satisfactory Essays
Open Document
Open Document
1075 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
EGT1 Task4
EGT 1
Task 4

A
There are many cross cultural differences that would need to be taken into consideration if a US company were to expand into China.
Language is an important cultural difference that has to be taken into consideration. It would be wise to consult a native speaker. Due to various dialects and local slang a translation of something would have to be understood by all and to not offend a particular market. An American advertisement in English would be understood by all of the US but a Chinese advertisement in one of the seven Chinese dialects would not be understood by everyone in China. An American advertisement or product info that is mistranslated could make it off putting to consumers or investors.
The legal system in China is vastly different than in the US. Corruption is rampant in China when doing business and often times bribes are necessary in order to ensure that your operation runs according to plan. The legal system in China is more difficult to navigate and lacks neutrality as the China Communist Party is in complete control of it. The US legal system has more neutrality, transparency and it is easier to file court cases. Bribes in the US would be completely illegal and never permissible.
Gender is another cultural difference between the US and China. Gender inequality in China has existed throughout history and just recently laws are being passed in order to ensure equality but discrimination is still experienced. Women are still expected to do all housework even if they have a job and they normally make less than their male counterparts. Although the situation is improving, males are more favored in business dealings. A US company would need to be hesitant in sending a female executive to China to do any new dealings as Chinese companies might not be as comfortable compared to if they were dealing with a male.
B
The safety of products in the US is very different as compared to China.

You May Also Find These Documents Helpful

  • Good Essays

    EGT1 Task 3

    • 1171 Words
    • 5 Pages

    Price earnings ratio is calculated by dividing market price per share of common stock by earnings per share. This ratio shows the market price of one dollar of earnings. In 2011, this ratio was $5.21 and in 2012 it rose to $5.32. The industry average ranges from 7 to 5.5. At $5.32, I would say company G shows weakness in this…

    • 1171 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Timbuck2 Case Study

    • 869 Words
    • 4 Pages

    Like various other foreign countries, the Chinese market embraces the country’s diverse culture. Successful expansions depend heavily on a corporation’s ability to integrate and accept different cultures. The Chinese work culture is more personal than in the U.S. The Chinese work environment embodies this personal nature when doing business with carriers, customers, vendors. In order to successfully expand, the corporation must know how to adapt to this nature and work without hesitation. The corporation has to be able to keep its patience and work around the cultural differences.…

    • 869 Words
    • 4 Pages
    Good Essays
  • Good Essays

    EGT1 Task 2

    • 1144 Words
    • 3 Pages

    Elasticity of Demand pertains to the relationship of price and need of a product. If a price increases will the demand increase or decrease? When a demand is elastic, it means even a small change in price can cause a large change in the quantities consumers purchase. (McConnell, pg. 77) So for example in an elastic demand if you reduce the price of a good the demand will increase a large amount and revenue then increases. When the is inelastic, according to McConnell it means when there is a price change it only causes a small change in the amounts consumer purchase. This can result in less total revenue. If a company drops the price of something, even if they sell more it doesn’t mean they will make more overall. If it is inelastic, the revenue can drop. There is also something called perfectly inelastic, which means and change in price results in absolutely no change in demand. This is rare and an extreme situation. There is also demand in unit elastic which “demands occurs where a percentage change in price and the resulting percentage change in quantity demanded are the same”. (McConnell, pg. 77)…

    • 1144 Words
    • 3 Pages
    Good Essays
  • Better Essays

    EGT1 Task 309

    • 2915 Words
    • 9 Pages

    We have all heard the phrase, “Stretch your dollar”, but have you ever stopped to consider what all goes on behind the scenes in order to make this stretch occur? What rules of economics and finance play into making your hard-earned dollar stretch to its maximum value? While the topic of stretching your money spans across all areas of business, finance, and economics, I will focus on the fundamental principle of economic stretch; elasticity.…

    • 2915 Words
    • 9 Pages
    Better Essays
  • Good Essays

    EGT1 Task 4

    • 1232 Words
    • 5 Pages

    Martial Arts organization teaching men, Women, and Children in the United States desires to open a “Dojang” or “Training Hall” in South Korea offering World Class Martial Arts and Competition training.…

    • 1232 Words
    • 5 Pages
    Good Essays
  • Good Essays

    EGT1 Task4

    • 928 Words
    • 4 Pages

    The incentives and opportunities of trading with Korea are substantial. Korean businesses have a tendency in the course of direct contacts to be more complete. Something as simple as Face to face contact or shaking hands with the customers during the negotiation processes is a type of marketing strategy that our selected company uses instead of contracting through email or telephone communications. Contacting potential customers in the Asian market by email or telephone won’t help a company to increase the market share in an Asian market.…

    • 928 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Question #1: For Google in 2005, from a business perspective, what are the arguments for and against entering China?…

    • 2616 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    When a company is doing business in another country the company must take under consideration that laws are not the same in a country. The United States have different laws than China. If a law is broken it may be enforceable in one country, but not the other. Although a contract is a legal agreement, it is only legal if the law of the country agrees.…

    • 601 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    For this paper I will identify and assess at least two modes of entry into the country of China. This paper will be based on prior learning and discussions in our class. I will examine the most appropriate mode of entry for a product or service into China. I will look at cross-cultural factors relevant to doing business in China. Lastly, I will address how these factors affect organizational structure, modes of management, staffing, recruiting, training, compensation, and expatriate policy.…

    • 5948 Words
    • 24 Pages
    Powerful Essays
  • Best Essays

    The main objective of this paper will try to find out business relationship in China and the impact of foreign market especially Western and Asian companies intending to do success business in China. The scope of the study will focus on the cultural dimensions to explain the impact of Chinese business style to Western and Asian companies.…

    • 2795 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Business Culture in China

    • 1169 Words
    • 5 Pages

    China has witnessed a history that spans over approximately 5000 years and has experienced periods of communism and Maoism, civil war, invasion and even bankruptcy. Since China first opened its doors to foreign investment and trade in 1978, the country has undergone immense political and economical change. Today, following her 2001 entry into the World trade Organisation, China offers a huge potential market for investment and sales with her main industry generated from iron, steel, coal, textiles, and petroleum. Those organisations venturing into business with China, however, will also need to consider the aspects of Chinese business culture and etiquette in order to fully succeed.…

    • 1169 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    One of the main things we've learned over the years is to have China-based management running our China business. We find that because of their understanding of the local culture, the way things get done and the needs of the customers there, it always works better when you have a management team of people who are Chinese. So many companies tend to believe that (their global strategy will work in China) so they just move their executives there and say, "Run China!" That…

    • 674 Words
    • 3 Pages
    Good Essays
  • Good Essays

    On the contrary, China is based on ethics and morality. Their collectivistic culture tends to avoid confrontation, preferring harmony at work. Decision making is gathered and evaluated with other members of the corporation. It takes more time to…

    • 620 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Since China is a communist country as stated in the article, businesses could be easily affected by change in the dictatorship. Furthermore, there are always risks when establishing business in a foreign market since the cultural values and ethics are different. When first entering this foreign market, Starbucks found local partners who understood the legal and business factors for establishments in China. They set up local ventures with partners and allowed local developers…

    • 731 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    After watching the video HR Challenges in China there are multiple foreign differences. One difference that was addressed but not discussed was responsibility and accountability. According to Expertise in Labor Mobility (2011) Chinese’s are given less tasks and held less personally accountable but rather judged based on groups. American’s also stand out on an individual bases whereas Chinese are opposite. Loyalty is linked with making the perception of time. To know an individual on a personal base it takes more time which American’s value.…

    • 298 Words
    • 2 Pages
    Satisfactory Essays