Cultural Aspects
There is a large diversity of people in Hong Kong because it continuously expands in economy and market. This of course, is a big advantage to our industry because although Precious Gems and Stones came in second to the Electronic equipment industries with a high dollar value of $82.4 billion and each export percentage share of 15.7% in terms of global shipments during 2014, the Precious Gems and Stones industry was the fastest growing among the top 10 export categories. It went up 161.1% for the 5-year period which started in 2010. It was also propelled by international sales of unwrought gold and unset diamonds. (worldstopexport.com)
Based on Hong Kong’s permanent population, 95% of it is Chinese. So even though much
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These values include:
· Expect a lot of small talk when first meeting a Hong Kong associate.
· Do not act surprised if you are asked questions that might be considered very personal back in the U.S.
· If someone sucks air through their teeth while you are speaking, it means they are unhappy about what you just said.
· Resist the urge to jump into conversation if your associate is silent for a minute. Many Asian cultures have silence as a form of communication. (Hong Kong - Language 2014)
When it comes to meetings, which will most definitely happen for the business. Our industry would have to
· Avoid scheduling meetings during the Chinese New Year (January 21-February 20). This date changes every year due to the Chinese Lunar Calendar (Chinese New Year 1998).
· Allow the highest ranked person to lead and be introduced first.
· Let prices have room for negotiation because business is more price than quality driven in general around the Hong Kong region.
It is very important to remember that relationships among Hong Kong associates stay consistent. Hierarchical relationships are also tied to respect, which is a key aspect of the Precious Gems and Stones industry expanding its business.
Industry Aspects
After the completion of extensive research on the inner workings of Hong Kong we must pick a specific industry to invest in within the financial market. The industry that we would like to concern ourselves with is the Precious Gems and Metals
The person that I will describe is Thomas. He is one of my friends and comes from a rich family in Hong Kong. He attempts to acquire U.S. citizenship because U.S has better welfare and environment, compared to Hong Kong. Hong Kong is a crowded city where people do not live along well with each others. Also, Hong Kong did not develop well in past few years because many riots happened and Chinese government strongly intervened in and destroyed Hong Kong's independent law's system. In contrast, U.S. has huge space for people to live, and the Americans in U.S are nice to get along with. Also, U.S has a perfect law's system as its Americans can get a fair treatment from it. For instance, the pesident Trump set a new policy to prohibit some minorities
Elite population segment in Beijing, Shanghal and Guangzhou- the top %5, with monthly household income of 20,000 RMB indicating %88 ownership among women. (higher than US) Acquisition rate per year in the target group %12, many were multiple owners. (avg: 1,56) Attitudes to diamonds were very positive
“Royal promotion of the silk industry attracted long-distance merchants and brought increasing wealth to China” (Fiero 88). While wealth increases throughout China so does
Doing business in China may require more patience and understanding the culture before adventuring in taking a foreign assignment. There are several factors that need to be looked at before taking the assignment, knowledge, skills, and culture understanding, knowing how to negotiate and knowing when to except the idea. There are traditions and customs that China has that have to be known before anyone conducting business in China needs to know. China is based on an old system of proper manners and etiquette when doing business. Doing business in China you need to know their customs and know how to communicate effectively but there are more things that need to be looked at such as political differences, building trust and respecting Chinese culture. As part of this paper I will answer several questions about my assumptions about China, adjusting my behavior on a business trip to China, Chinese managers running a business in the United States and if I would be less interested in taking a foreign assignment.
The geographical area of China is more than 9 million square kilometers and as a result, it is the fourth largest country in the world. There are several ethnic groups in China, the Han Chinese is the largest group, and it is found in almost all parts of the country. Other minority groups include Tibetan, Zhuang, Korean, and Mongol. The Chinese society is high context and non-verbal. The Chinese people acquire the knowledge of what they are supposed to do and say even if they are not told through conversation. Voice and facial expressions play a critical role in determining the feelings in a person. They do not have facial expressions when in a conversation. Direct eye contact is avoided because it is viewed as a symbol of disrespect (Clair & Norris, 2011).
Transnational issues are conflicts that typically go beyond national boundaries. For the conflict between Hong Kong and China, this is not the case because Hong Kong is a part of China that is ruled under the “one country, two systems” principle, where certain distinct regions like Hong Kong and Macau would keep their own capitalist political and economic systems while still being a part of China. It is important to note, however, that Hong Kong and Macau were former colonies of Britain and Portugal respectively until the late 1990s. As a result of the 100 years that Hong Kong spent as a colony of Great Britain, there are significant ethnic and cultural differences between Hong Kong and the Chinese mainland that have led to a escalation in tensions, currently cumulating in the umbrella revolution in 2014.
I think, we will go for 'client based pricing' means will incorporate pricing procedures in light of the territory salary and their spending i.e. successfully helpful technique to characterize the costs in view of the clients impression of quality means how clients like our items while this can be perceived simply after begin offering our items. Our procedure is to keep up an item quality independent of market cost then offer it for sake on looked after quality. Ideally, we can expect some great clients in starting after that with their input, can expect all the more new and additionally old clients. In this way, pricing techniques will work just on the off chance that we give attractive client benefits that truly be vital for us and will assume a critical part in our pricing methodologies, Courtland L. Bovee and John V. Thill
In postmodern world, digital media has made the access of ‘appropriation’ much easier and more open to designers in copying, stealing and borrowing ideas from other pre-existing artworks, but also revealing unconscious focus on possible rising of culture ownership, hierarchy relationships, significance of original and artistic copy right issues for ‘remix culture’
This happens a lot in high school hallways, if you stop and talk it makes it a lot harder for people to get where they need to be. It's a fair and easy norm to follow.
Regular meetings can be a powerful tool for teaching mutual respect, caring and cooperative attitudes. The bottom line is to take a deep breath, and respond to the events of our lives with calmness and clarity rather than react impulsively from our emotions. Sometimes this can be easier said than done.
In this paper, I will analyze the major sectors of the Chinese culture that influence the use of acupuncture. These sectors include: Social, Cultural, Religious, Economic, Political, and Technological. I will also examine the factors of the global context that influence the use of acupuncture in the United States. Lastly, I will discuss the influence of acupuncture in my own life, specifically relating to my own health care.
Hong Kong is a region of China that has a tumultuous past. It was colonized by the British, captured by Japan, given back to the British, and eventually losing its sovereignty to China. The people of Hong Kong are an interesting mixture of economic classes, races, religions, and opinion. Recently, they’ve been in the news due to their protests for the hope of democracy in the region. This paper is an examination of how globalization is affecting the people of Hong Kong, and how they are reacting to the changes that are presenting themselves to them. I’ll look at aspects such as immigration, environmental changes, and the importance of the global economy to the region.
Shimin is a 23 year old male from Hong Kong living in the United States, about to begin his new job at General Motors in their research facility. He recently earned his Master’s degree in mathematics. He was a superior student academically throughout both college and high school, and was independent, self-sufficient, and self-motivated. Shimin has had part-time job experience as an introductory-level mathematics instructor at the college from which he received his Master’s degree. However, he did not enjoy this teaching position for a number of reasons. His students complained to the head of the department that he was unapproachable and that they made him feel inadequate. Shimin also did not like this job since he was constantly comparing
Keeping these realities in mind, it is very much obvious that for this market, we choose and follow a value based pricing and do not keep the price of the product too high. It is advisable rather to follow an average pricing and let the consumers build some enthusiasm around the product.
It is a beautiful country located on a small area of 1,063 square miles and population of about 7.4 million people as per census of 2016. In the year of 1960, Hong Kong had a population of 3.1 million. In the period of 57 years population of Hong Kong grew almost 2.5 times, yet, this country has no problem in keeping a pretty low unemployment rate. The seasonally adjusted unemployment rate for January of 2017 was at 3.3 percent. It held the same level as in two previous months. At the same time, the underemployment rate decreased from 1.4% to 1.3%. Hong Kong continues to be an economic success mainly because government stays out of its citizens ' life. Hong Kong 's government keeps business taxes low ( currently at 16.5% for