Beruflich Dokumente
Kultur Dokumente
CASE STUDY
Business in China
Subject name: International Business
Environments and Operations
Submitted By:
Submission Date: Name: Ishrat Jahan
4. Resources: China has a huge talent labor and petroleum and minerals.
China also gives importance in petroleum and minerals and convert products
from those. China exports those and earns a lot of foreign currencies. And
also they required most foreign firm to have an equity share along with
Chinese people that means a fifty fifty ownership in FDI investment or in
technological part. Some cases are exceptional where ownership from
foreign and remain one, that is highly maintained by the government of
china. After some experimental combination of investment china finally
opened the barrier and begin export and import, which increase continuously
their GDP, they have also joined in WTO in 2001, where govt. agreed in trade
and investment liberalization. From then they maintained global trading,
and export products doubled from past, they are also doubled FDI
investment in their country, Chinas import tariff on automobiles increase
gradually very fast. The latest steps in china’s long march towards the open
market economy. The contest between market economics and ideological
legacies in china will play out over many years. The foreign investors are
played key role to develop china’s business structure and which is related to
developing a nation’s back born.
Ans: In most cases we find that business owners treat rewards as what is left
over after expenses are deducted from sales. There are no budgets or
rewards forecasting. Start by studying the rewards history of your business
and then calculate what the rewards of the business should be if it were to
operate at optimum levels. Pre-Planning- rewards as a line item of expense
and then engineer the business around the "maximum rewards" that can be
gotten from the business. Departmentally will also be a great step in the
right direction. One the other hand, one of the best ways to make your
business more profitable and successful is to make it more efficient. Of
course this doesn’t mean you need to completely overhaul how you do
business; rather, it simply means you need to begin leveraging the right
systems, tools, and technology to eliminate the bottle necks and inefficient
practices that are currently preventing your business from operating at its
true potential. The following are five simple and cost-effective tips for
leveraging technology to achieve this goal.
Limit its Risk: Preparing a risk management plan each year will allow you
to review the risks associated with your farm. The benefit of such a task is
making better business decisions and a greater peace of mind. Preparing the
plan will uncover your level of aversion to risk, and knowing this information
will allow you to identify strategies that are tailored to your business. There
are several areas of the business that deserve a risk management review.
Government programs are a risk management tool. Oftentimes, it requires a
large commitment of time to analyze the programs that fit the goals of the
business. These programs are complicated but deserve analysis since they
impact the net income of the farm.
Ans: Since joining the World Trade Organization (WTO), China has
strengthened its legal framework and amended its IPR and related laws and
regulations to comply with the WTO Agreement on Traded-Related Aspect of
Intellectual Property Rights (TRIPs). Despite stronger statutory protection,
China continues to be a haven for counterfeiters and pirates. According to
one copyright industry association, the piracy rate remains one of the
highest in the world (over 90 percent) and U.S. companies lose over one
billion dollar in legitimate business each year to piracy. On average, 20
percent of all consumer products in the Chinese market are counterfeit. If a
product sells, it is likely to be illegally duplicated. U.S. companies are not
alone, as pirates and counterfeiters target both foreign and domestic
companies. Though they have observed commitment on the part of many
central government officials to tackle the problem, enforcement measures
taken to date have not been sufficient to deter massive IPR infringements
effectively. There are several factors that undermine enforcement measures,
including China’s reliance on administrative instead of criminal measures to
combat IPR infringements, corruption and local protectionism at the
provincial levels, limited resources and training available to enforcement
officials, and lack of public education regarding the economic and social
impact of counterfeiting and piracy.
Patent: China’s first patent law was enacted in 1984 and has been amended
twice (1992 and 2000) to extend the scope of protection. To comply with
TRIPs, the latest amendment extended the duration of patent protection to
20 years from the date of filing a patent application. Chemical and
pharmaceutical products, as well as food, beverages, and flavorings are all
now patentable. China follows a first to file system for patents, which means
patents are granted to those that file first even if the filers are not the
original inventors. This system is unlike the United States, which recognizes
the “first to invent” rule, but is consistent with the practice in other parts of
the world, including the European Union. As a signatory to the Patent
Cooperation Treaty in 1994, China will perform international patent searches
and preliminary examinations of patent applications. Under China’s patent
law, a foreign patent application files by a person or firm without a business
office in China must apply through an authorized patent agent, while initial
preparation may be done by anyone. Patents are filed with China’s State
Intellectual Property Office (SIPO) in Beijing, while SIPO offices at the
provincial and municipal level are responsible for administrative
enforcement.
5. How do you think the contest between market economics and ideological
will play out in China over the next ten years?
Ans: China is quickly becoming the World Trade Organizations (WTO) number
one trading country. It is the third largest trading power in the world. As a
result of their fast and steady rise to the top the need to standardize China’s
trade policies and procedures is critical in order to ensure that all members
of the World Trade Organization (WTO) are using the same system. The
future for China is very promising if it continues to conform to the WTO trade
policies and standards. China is predicted to be the world’s biggest economy
by 2050 and be THE largest trading nation in the world. The opportunities for
China’s growth are endless, but in order to get to the top and stay there,
they must comply with world regulations. China’s door is there and the world
is knocking trying to get in and be a part of this giant in the making. Chinese
economic ideology has been one of the greatest constraints in path of
china’s development as a giant economy for a long time. The nation having
the densest population of the earth could have been bigger double fold if
could have started twenty years earlier from the time they appeared in the
world market. However, the population factor is once again responsible for
its fast expansion all over. Virtually, now China stands being one of the
greatest super powers on earth. Chinese manufacturing has gained huge
acceptance all over the planet and people really amaze witnessing this
dramatic evolution of a super economy that was looked down upon by the
capitalist super powers tremendously. Overcoming this negligence has been
the greatest challenge to the Chinese manufacturers and they have factually
proved them to the world. Now Chinese GDP remains top on the world and it
offers the strongest ever economy in the total Asia. The pace with which it is
running currently, anyone can guess easily that it would over cross the USA
and other economic giants within the next ten years.
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