StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Feasibility Study for Salfordias Entry to Chinese Construction Market - Essay Example

Cite this document
Summary
This paper will explore the Chinese construction market with insight about their organisational and cultural practises as well as issues. It will analyse and propose strategic actions how Salfordia could expand in the Chinese construction Market…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Feasibility Study for Salfordias Entry to Chinese Construction Market
Read Text Preview

Extract of sample "Feasibility Study for Salfordias Entry to Chinese Construction Market"

Download file to see previous pages

1. briefing paper (citing, and referencing, relevant sources, theories and methods) providing information on the Chinese construction market, and containing information on critical organisational and cultural issues. Chinese Work and Business Culture Considering that Salfordia is UK-based, it is one seen as “Western” while China is “Eastern”. Opening a branch in in another United Kingdom territory would be much simpler for Salfordia as differences in work and business practices may be minimal.

In an attempt to penetrate the “eastern” market, exporting wholesale the “resistant” and traditional work culture of Salfordia would be difficult in a culture much different from it like China. A study of the culture of the target location is important to prepare Salfordia for a smoother transition as well as a successful venture. Tradition and Family Values Culture is defined as “an embodiment of traditions as well as a repository of values and normative assumptions developed among members in a group, collectively and society,” (Chao, 2001, 583).

It includes the daily practices of managers and employees at the work place and business environment based on their beliefs and values inculcated on them by their own society. Hofstede (1980) presented four dimensions of culture as power distance, individualism against collectivism, masculinity against femininity, and uncertainty avoidance. This has been seen in the IBM global work culture in 53 national subsidiaries. Long-tern against short-term dimension was included as fifth. Chinese culture was seen to be distinct from US and UK culture in power distance, individual vs collectivism, and long/short term orientation (Hofstede, 1980).

Chinese culture is considered as one of the. The research defines the culture as “an embodiment of traditions as well as a repository of values and normative assumptions developed among members in a group, collectively and society”. It includes the daily practices of managers and employees at the work place and business environment based on their beliefs and values inculcated on them by their own society. Hofstede presented four dimensions of culture as power distance, individualism against collectivism, masculinity against femininity, and uncertainty avoidance.

This has been seen in the IBM global work culture in 53 national subsidiaries. Long-tern against short-term dimension was included as fifth. Chinese culture was seen to be distinct from US and UK culture in power distance, individual vs collectivism, and long/short term orientation. Chinese culture is considered as one of the most resilient in the world. One of the more widely known characteristic of Chinese culture is its Confucian values and teachings which are also as carried outside national boundaries.

This Confucian trait is seen as shared amongst other Asians to merit academic attention. The Chinese heritage embodies imperative trust and respect which Chao proposed to make the work organisation tenable and efficacious. Trust and productivity are partners in the work process with the willingness as a sacrifice to future compensation. Trust, however, has also its unique meaning in this context as described by Chao as engendering an altruistic tendency as collectivist commitment, non-specific and entails implicit or diffused obligations embedded in the notion “subtlety”.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Feasibility Study for Salfordias Entry to Chinese Construction Market Essay”, n.d.)
Retrieved de https://studentshare.org/marketing/1392818-feasibility-study-for-salfordias-entry-to-chinese-construction-market
(Feasibility Study for Salfordias Entry to Chinese Construction Market Essay)
https://studentshare.org/marketing/1392818-feasibility-study-for-salfordias-entry-to-chinese-construction-market.
“Feasibility Study for Salfordias Entry to Chinese Construction Market Essay”, n.d. https://studentshare.org/marketing/1392818-feasibility-study-for-salfordias-entry-to-chinese-construction-market.
  • Cited: 0 times

CHECK THESE SAMPLES OF Feasibility Study for Salfordias Entry to Chinese Construction Market

Market Analysis for Entry Strategy

The main purpose of the study was to provide an overview on how a firm or company could explore new markets in order to survive competition, increase growth, and achieve a larger market share.... The other purpose of this study was to find out various suitable methods of market entry and identifying the best method that can be used by the company that will yield more benefits.... hellip; The other objective was to analyze if the company has achieved its vision of becoming the leader of the worldwide alcohol industry. France which was the main target market for the company over the past few years has been faced with decline in consumption of alcohol products....
16 Pages (4000 words) Case Study

Chinese Economy Case Study

Custom and central expurgate processes are simplified in SEZs, and EPZs are usually found in countries with a market economy whereas SEZs are located in transition economies.... Lianxiang Company's most crucial initial success was to recognize the importance of coming up a chinese character computer system permitting 1.... billion chinese to enter the computing age.... Using the brand name Legend, Lianxiang enabled the conversion of English software into chinese characters....
3 Pages (750 words) Case Study

Market Entry into China of Foreign Investment Shareholding Corporation

nbsp; This report is discussing giving advice to the United States technology organization for them to enter the Chinese market with the most appropriate entry mode.... Organizations around the world are looking for such opportunities and since China has been associated with the World Trade Organization; and therefore major organizations seek market entry into China.... China has plans to make it's economy a market-based economy and therefore opened the gates for new market entries into China (Williamson and Zeng, 2004)....
6 Pages (1500 words) Case Study

McDonalds in Chinese Market

This paper "McDonald's in Chinese market" looks at one of the American fast-food restaurants; McDonald's.... This paper looks at the status of this American fast-food giant in the Chinese market.... nbsp; This research intends to look at the McDonalds status in the Chinese market since its entry into this market in terms of competition, mode of operation, marketing strategies, and cultural adaptation.... This will be done from a study of existing literature concerning McDonald's and its Chinese market and outlets....
10 Pages (2500 words) Case Study

Global Market Entry Strategies

The heavy-truck market has been hit by Beijings efforts to tamp down on mining and property Global market entry strategies YourFirst YourLast Global market Entry Strategies What is the amount of equity being invested by Volvo in the joint venture in China?... a) help the Volvo group to enter the Chinese market, which is the worlds largest market for trucks, with a total market for heavy trucks equivalent to the European and North American markets combined 3....
1 Pages (250 words) Case Study

The Market Entry into Indian Breakfast Cereal Market

"market Entry into Indian Breakfast Cereal market" paper explores the possibility of exporting breakfast cereals to the Far East market.... The company has no expertise in exporting and would like to have an assessment of breakfast traditions in the market to find out any implications in the proposed entry of the company.... There are several methods of market entry for the company and a suggestion to the appropriate entry is given taking into account the limitations of the company....
9 Pages (2250 words) Case Study

Entry Modes to A Firm to Enter in to A Foreign Market

Based on the secondary research data, the paper highlighted that HP has chosen a joint venture relationship with Chinese Electronic Import and Export Corporation (CEIEC) in order to enter the Chinese electronic market.... Large multinational companies are highly concerned not only about which foreign markets to access, but also to create strategic managerial decisions about learning when and how to enter foreign markets and how to effectively face transnational challenges so as to create a sustainable competitive position in the market....
13 Pages (3250 words) Case Study

Market Entry Strategy for Scotts Emulsion

This case study "market Entry Strategy for Scott's Emulsion" focuses on the entry of the UK firm GlaxoSmithKline (GSK) with their product Scott's Emulsion in the Bangladesh market.... hellip; In the competitive market scenario, business houses are trying to expand the scope of growth either by developing new products and service or by entering into new markets with the potential for sustaining their products and services.... nbsp;They have already developed a set market in the neighboring countries of Bangladesh such as India, China, and Sri-Lanka....
6 Pages (1500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us