• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Basel II countributions

Extracts from this document...

Introduction

Title: Report: Business Opportunities and Problems/ implications in China By: Ninad Pattalwar Date of submission: 12 Feb 2009 TO: The Managing Director PREFACE Working for a plastic manufacturing company which sells tailored plastic components for cars and general vehicle fittings, the report outlines the opportunities as well as problems of doing business in china. Core Strategy perspective is to expand our operations in china in terms of production and packing. Contents Page Executive Summary 4 Introduction 5 Findings 6 Problems/Implications 7 Conclusion 7 Recommendations 8 Executive Summary China holds some of the highly advantages elements of doing business. The Chinese economy and the governments play a key role in the Chinese business environment. Firstly the nature of the business environment is necessary to be established. China's international presence is highly dominant. The highly productive Chinese economy offers new entry opportunity in the Chinese emerging markets. The highly advantages elements of doing business in china includes growing consumer base, highly productive and effective labour markets and clearly creates a platform to carry out operational activities. However foreign companies doing business in China face challenges due to the complex business culture. ...read more.

Middle

Firstly the highly productive labour markets, secondly the cost reducing factors and finally the rapidly growing economy and emerging new markets. Along with these aspects the starting up approach should be planned and implemented effectively. Start up approach Starting up is clearly a complex process. There are many initial procedures to start-up a business in china, the business environment is varied around china the capital regions offer a valuable platform to operate with clusters of other businesses. The ex ante approval and registering with the local State Administration of industry and commerce is required before starting a business. The approval will certainly make operations simple and cost effective. Various regions offer advantages in terms of start up costs and operating costs. Hence there are many steps involved such as registering and approval of the company seal, tax bureau etc. Highly Productive Labour Market China has one of the world most productive labour markets. The labour market is highly skilled and the total costs of hiring labour and human resources are very low compared to other countries. However the labour costs vary from local regions. The rural areas have even lower costs. A more market oriented labour market is emerging; vast majority of the growth is in the urban private sector. ...read more.

Conclusion

Core strategy is to start-up and establishing suppliers, labour force, and customer base and sustains relationships. Recommendations * Establish a clear business type either a joint venture or a wholly owned enterprise. * Attend Chinese business conference and gain relationships with supplier, customers and gain an insight of the business environment. * To develop a balanced adaptation to business culture in China * To Venture or start up operations in coastal regions of china which consist of many cluster of businesses which are operating and expanding * Establishing a partner and establishing a joint venture with an approved seal. Partnership would be advantages as we need someone with local knowledge and experience in the Chinese business environment. * Employ local Managing director with Chinese business environment knowledge. * Increase awareness in terms of business environment, local knowledge and culture. * Obtain more market research on the manufacturing sector and construct a strategy * Establishing a representative office in China before expanding which allows the company to become more familiar with the market, and get a better picture of what the market for their products and services are, and what the customers want. * Use of an experienced advisor is highly recommended. The retention of professional Assistance may also lead to an early exposure of unidentified business risks. ?? ?? ?? ?? Doing Business in China 1 Ninad Pattalwar ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Accounting & Financial Management section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Accounting & Financial Management essays

  1. A2 Business CourseWork

    They look to be achieving this aim rather well by following the following rules and ideas: 1. Using our vehicles more efficiently; 2. Using alternative transport; 3. Investing in new technology. This has resulted in saving 3.7% CO2 per case delivered last year and taking them 23% of the way to their target of 50% reduction by 2012.

  2. Analyse the impact of the economic environment of business performance.

    On the Lloyds TSB website it showed me that if the �15,000 was to be put in a savings account after two years the �15,000 she put in would raise to �16,613.54. The interest rate would be 5.25% AER/Gross. From option two the monthly mortgage repayment would reduce by �171.68.

  1. Should ducati enter the car market

    It could also struggle because sales are low, and if large car firms such as Ford are having to sell Jaguar and Landrover, then the chances are Ducati will not survive. For those reasons I think that Ducati should not enter the car market.

  2. The maintenance of accurate records supplies the company with the financial data that assists ...

    a result this caused shareholders to lose confidence in Enron as soon as it hit the headlines and sell of their shares. (http://en.wikipedia.org/wiki/Enron) Arthur Anderson is an accounting firm which has been suspected to have been involved in the fraudulent accounting and auditing of Waste Management, Inc., WorldCom, Enron and many other firms.

  1. Investigating Business Resources

    Working Culture How you go on with each other. If you are nice against the others in you're office. If you have a lot of disagreements with your colleagues, you can't work with them. In this way you can't work in a team.

  2. developing ustomer Relations

    The Ozone gym has over all six groups and the customer expected from Ozone to have a facility to use equipment in the gym and gym should be clean and a instructor who can help with any ting in the gym.

  1. Autralia's Retail Loan Rate Changes

    The Transmission of Monetary Policy to the Economy The linkage from instruments to indicators and goals is known as the transmission mechanism of monetary policy (Lewis, 1998). The cash rates and announcements of the RBA's intentions are used to influence other market interest rates.

  2. Financial forecasting for business, Start up costs, running costs, variable and fixed costs

    Some fixed costs are also running costs. Rent and equipment is fixed costs, which will not change from volume of production. Fixed costs: 80% of these costs are labour costs and are generally invoiced each month. Typically, these costs do not evolve directly and in a linear way with the

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work