Question

In: Economics

Write an executive summary about ABC Company expanding their manufacturing plants, sales offices, and branches abroad...

Write an executive summary about ABC Company expanding their manufacturing plants, sales offices, and branches abroad to China. Many Americans, however, have little knowledge about China's culture. Explain how Americans will adapt to the environment in China and still be able to succeed in the new business.

Solutions

Expert Solution

Although Americans have little knowledge about China's culture, they can learn to know Chinese culture and adapt themselves to the Chinese environment. Once they have learned the Chinese culture they can succeed in their new business.


Americans know that there are major differences in Chinese culture and this can have a big impact on the growth of business in Chinese environment. For example, numbers have special value and position in Chinese culture. Zero is considered as auspicious when it comes at the end, specifically when it applies to money. Similarly, take the case of color, Chinese people give special importance to red as it is associated with good fortune.


Another factor that Americans should be aware of, is the significance of Lunar calender. There are specific dates on Chinese Lunar calender that are considered as auspicious. So the Western businessmen should be aware of these dates, because many Chinese companies schedule their business meetings or events within these dates.


American people should respect to Chinese opinion about the world and try to adjust themselves with their thinking style. By doing this western people can make local customers happy and raise their company revenue.
One of the important ways to learn Chinese culture is, hire the local people who will assist you in knowing their culture well. Chinese culture is too mysterious to learn, the more you learn, the more you can be acquainted with their system.   


So, in this way Americans can adapt to the Chinese environment and able to succeed in their new business.

  


Related Solutions

Write an executive summary about separation of church and state.
Write an executive summary about separation of church and state.
Write an executive summary about the different implications of running a company within or outside the...
Write an executive summary about the different implications of running a company within or outside the European Union.
Edfor Inc. is a manufacturing company with offices and plants in Ontario, Québec and Alberta. The...
Edfor Inc. is a manufacturing company with offices and plants in Ontario, Québec and Alberta. The company started operations in 1975 and currently has an approximate annual payroll of $10,000,000 in each jurisdiction. The company is considering terminating the employment of five customer service representatives in each of their Ontario and Québec locations. To assist with forecasting the budget for the balance of the year, the Director of Finance has asked you to prepare a memo, detailing all legislated payments...
Write an Executive Summary report about Disney World and include the following, Company Description( DISNEY WORLD)...
Write an Executive Summary report about Disney World and include the following, Company Description( DISNEY WORLD) Full name of company o Address of the corporate headquarters, phone, fax o Electronic contact information: web address, e-mail address (if available) o Key officers (if available) o 4-digit SIC (Standard Industrial Classification) codes, or the NAICS (North American Industry Classification System) codes with textual industry description; that is, what does the classification include. o Number of employees o Historical highlights (e.g., by year,...
Make a business executive summary for Allianz insurance company The executive summary is the most important...
Make a business executive summary for Allianz insurance company The executive summary is the most important section of the business plan as it clearly explains the business model in succinct terms and captures the attention of the reader who is normally an investor, banker, etc. The executive summary should be no more than two pages and you can include a fact sheet as a third page if needed.
Write an executive summary with 200-250 words about the Benoni Mining Incident for the passage below:...
Write an executive summary with 200-250 words about the Benoni Mining Incident for the passage below: Mining and South Africa’s Economic History Mining is an industry that is closely linked to South Africa’s history and economic development. In fact, South Africa’s very first commercial mining company was established as early as 1846 to exploit the newly discovered copper reserves in an area near Cape Town. Not long thereafter, the discovery of diamonds and gold in the late 1800s (near Johannesburg)...
Executive Summary The executive summary is a company marketing document intended to excite potential investors, customers,...
Executive Summary The executive summary is a company marketing document intended to excite potential investors, customers, advisers, and employees. Its purpose is to get the call back and start the serious discussions—the process that will result in action. Your executive summary should include: The Mission Statement Company information Growth highlights - Graphs and charts can be helpful in this section. Your Products/Services Financial information – If you are seeking financing, include any information about your current bank and investors. Summarize...
Executive summary about Global Trade Course 350 words.
Executive summary about Global Trade Course 350 words.
A small company is expanding into new offices spread across three buildings. To keep track of...
A small company is expanding into new offices spread across three buildings. To keep track of office furniture, computers, and printers, the company would like a database to keep track of everything. Each piece of office furniture, computer, or printer is given an identification number. Each item (which is either a piece of furniture, a computer, or a printer) is placed in a room of one of three buildings. The building manager is responsible for the items in their building....
When do we write an executive summary of a business plan - at the beginning or...
When do we write an executive summary of a business plan - at the beginning or at the end of writing a business plan? Why?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT