Reason as to why these companies may have gone wrong in their analyses. Introduction: The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Assume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.

general accounting

I need help with this general accounting problem using proper accounting guidelines.

Answer 2

Question

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Answer 6

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Answer 7

Chapter 12, Problem 1TAI1

Summary Introduction

To Explain:

Reason as to why these companies may have gone wrong in their analyses.

Introduction:

The globalization has completely changed the way businesses were being conducted throughout the world. Globalization comes with lots of advantages and obviously with some disadvantages as well. In the hurry of expansion, companies do some mistakes in their analysis. The analytical mistakes affected the companies badly.

Answer 8

Expert Solution & Answer

Explanation of Solution

After globalization, international businesses flourished. Many Western Companies flooded into China. It allowed them to compete for market share in all sorts of businesses. After this, several small and local companies scaled back their operation or left China completely.

It is true some countries have cultural similarities despite differences in language, attitude toward business, religion, traditions, customs and many other factors. The successful product in one market is sold to other markets without or less modification. But many products should undergo extensive adaptation to suit the local tastes like books, magazines, ready-to-eat meals, and others.

Let’s see Coca-Cola’s example in China. Many people use traditional medicine as cough syrup during flu. The taste of the syrup is not appealing for people there and its taste is similar to Coca-Cola. Since Coca-Cola has a policy of one taste worldwide, the company had to face aversion to taste among Chinese people and the company lost its market there. So, the cultural elements can affect site decisions.

The company might choose to set up production facilities in the target market. The above loss for Coca-Cola Company can be minimized by flexible manufacturing methods. The productive operations can be strengthened by a strong work ethic among the local workforce. An adequate level of education in locals is very important for planned business activities. These are crucial for site consideration in a different county.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 12.1 - Prob. 1QS1 Ch. 12.1 - Prob. 2QS1 Ch. 12.1 - Prob. 3QS1 Ch. 12.2 - Prob. 1QS2 Ch. 12.2 - What variable is commonly included in a market...Ch. 12.2 - Prob. 3QS2 Ch. 12.3 - Prob. 1QS3 Ch. 12.3 - Prob. 2QS3 Ch. 12.3 - Prob. 3QS3 Ch. 12.4 - Prob. 1QS4

Explanation of Solution

Want to see more full solutions like this?

Chapter 12 Solutions