Tuesday, February 25, 2020

Chinese Businesses Essay Example | Topics and Well Written Essays - 4000 words

Chinese Businesses - Essay Example Over the centuries, these socio-economic affiliations helped ties the Chinese and Filipino in a strong spirit of affinity. In the 21st century, mutual trade and investments provide a solid pillar in the long-standing, friendly relations between the two nations (Philippine Embassy Beijing 2004). In Singapore, there was a phenomenal influx of Chinese migrants during the nineteenth century. Multitudes of Chinese migrants filled the island for commerce and work with the institution of Singapore as a colony of Britain in 1819 (Ee 1961). During this time, secret societies emerged that Chinese migrants became associated with. These secret societies contributed to the development of Chinese businesses in Singapore in early days. Chen (2001) narrated that around 60 million Chinese people have built communities in countries other than China. They cover a range of ethnic and linguistic subdivisions bound by their common origin, and are collectively known as the Overseas Chinese (Weidenbaum 1996). Although rather small in terms of the entire population of their host countries, they play a vital role in the economic setting of South East Asia, where they dominate a majority of the firms' wealth in the region (Yeung, 1996). According to Tsang (2002 p. ... Most of them are into small and medium enterprises; however, play a significant role in the economy of the Philippines. Some of these entrepreneurs hold large companies and are valued as some of the most well-known Philippine' business tycoons. According to Wong (1985), the traditional Chinese family business (CFB) is "a small-scale, domestically oriented, form of business organization that originated in China several hundred years ago and was dispersed throughout South East Asia by emigrating Chinese minorities in the 19th and 20th centuries". Shapiro and Erdener (2003) modernly called them as the Chinese family enterprise (CFE) in which they defined as "the larger, internationally active, family-owned Overseas Chinese enterprise that evolved from the traditional CFF outside China". Yeung (1999, pp.106-11) narrated that some of CFB turned into CFE that have become famous international conglomerates are Fortune Tobacco under Lucio Tan in the Philippines and the Far East Organization under Ng Teng Fong in Singapore. "Among the Overseas Chinese, family business was evolving in new directions that deviated from tradition and paved the way for international expansion". As they internationally expand, CFEs typically created powers and capabilities in their host markets as the basis for competitive advantages in the foreign country environment. In some South East Asian countries where ethnic discrimination is at large by the dominant cultural group, the CFB expanded their business network beyond the family. This led them to form unions with national governments. The main advantages of the CFE based on characteristics over other form of business structures are listed below. According to Chen (1995), the main lead of the CFE is its capacity to grab commercial portals of

Sunday, February 9, 2020

Process-Flow Analysis Term Paper Example | Topics and Well Written Essays - 750 words

Process-Flow Analysis - Term Paper Example The Advanced Products Department (APD), which produces the specialty goods, has reformulated its corporate policy. In the early years, this company has built up and manufactured Echo Weather Satellites, which were launched into space. Three major diversified divisions of this company are: the material division, electrical goods, and advanced goods division. This study consists of company overview, SWOT analysis conclusion and recommendation regarding the company. Company Overview: Shipper Manufacturing Company has commenced its business in 1984 as a small organization, manufacturing bare copper wire in Missouri and Sikeston. With only a small number of workers the company started to market goods to electrical distributors in the area of Midwest. From this small beginning, they have developed as a large scale copper wire producer, offering a wide range of wire and cable merchandise to wholesale electrical dispensers across the nation. Nowadays, they also produce laminated equipment an d specialty products such as connectors’ conduits etc. Shipper Manufacturing Company holds a â€Å"Voice of the Consumer Exercise† where interval and external consumer expectations and needs are brainstormed, communicated. Thereby, they make endeavors to guarantee consumer satisfaction and integrate client specifications into the merchandise engineering procedure by doing a â€Å"House of Quality Exercise†. Shipper manufacturing business possesses a manual scheme in its procedures that adds the human ingredient. Frequently, this human ingredient entails mix up or incompetence by causing delays in the manufacturing process as a result of operator mistake and negligence. â€Å"Companies that previously made decisions based on the likelihood that enough defense business would be available to justify ongoing investment in plants, equipment, technology and skilled personnel face the prospect of little or no business. Loss of a single competition could drive a compan y out of a line of business entirely or prompt it to leave the defense sector† (Blakey, 2011, p. 4). SWOT Analysis: Identifying the Strengths and Weaknesses before tackling the Opportunities and Threats is the best method to approach the analysis. The more dominant the Strengths and Opportunities the better they can both be seen as the better achievement of this company. The purpose is to be in a position where it can decide a plan for the future to improve their overall performance. Strengths: Present financial position is quite stable. Availability of skilled labor force. Most recent machinery installed Own properties Outstanding transport links Non-threatening/little competition Weaknesses: Producers take indirect ways to reach their warehouses. The lack of feasible alternative routes when normal routes are blocked during manufacture. Stock problems Opportunities: Advancing globalization More flexible tax regimes Increasingly mobile workforce â€Å"New corporate strategies and processes are required to deal with an industry which is being reshaped through market consolidation and shifts in the balance of world trade† (Opportunities and Challenges for the Shipping Industries, 2007, para. 1). Threats: A high level of financial expansion would normally lead to high demand for manufacturing raw materials, which in turn will increase exports and imports. The shipper manufacturi