Question

• Look at the products in your home and note the many different countries involved in the creation of this products
• Select 3 that are manufactured outside of the United States, or United States manufactured products that may have elements from outside of the United States incorporated into the final product..
• Based on the results of your values exercise, review the business practices of these countries, and tell us
  • are the values that are important to you incorporated into the business practices of these countries? Which are missing?
  • how does this knowledge impact your buying decisions from a personal perspective and why?
  • as a business leader, understanding that you need to run a profitable business would you conduct business in these countries? Why or why not?

Answer 1

We look at the following products and anlyse them :

- Artificial flowers made of plastic

- COnsoles for the video games

- Gas Stove for cooking in the kitchen

These products are made in CHian and imported by US in very large volumes. We do believe that many values that we belive like honesty , transparency and authenticity are incoroporated in these products. However some of the values which are missing are innovation and high tech technologies.

In terms of the buying decision for these products it depends on the nature of the products for e.g. for products like Flowers and Kitchen Stove I may go ahead and buy but for item like gaming consoled which given high satisfaction and utility I will go for the best and may go to alternative product frm Japan because they sue best technology in this space.

Yes as a leader I need to do business profitable so I will do business with these countries because it helps me to keep the cost of production low and earn higher margins on my sales.