Global Business in Emerging Regions Coursework Example | Topics and Well Written Essays - 3500 words

Global Business in Emerging Regions - Coursework Example China’s economy is worth $17.6 billion which is slightly higher than America’s economy that is worth $17.4 billion. The USA held the top position in world economy for more than 140 years since 1872 when it overtook Europe to become the largest economy. However china has recently overtaken the US economy (Carter, 2014). Although there are doubts about this no, there is no denial of the fact that China has experienced the fastest growth in economy and is likely to remain at very good economic condition for several years to follow. There was a time when China’s goods meant to be associated with cheaply made goods and of poor quality. Things have however started to change with the passage of time. As times have changed, there has been strengthening of the economic base and companies from around the world have started opening their manufacturing base in the country. One of the reasons for so many companies globally to manufacture their goods and products in china is b ecause of the availability of cheap labour and a large consumer base. Through its international trade China has accumulated $1.9 trillion in foreign currencies. The nine key industries are autos, steel making, electrolytic aluminium, rare earth, IT, cement and ship building (Jianfeng, 2013). The issue with China’s heavy industries is that it is plagued by over capacity. The business environment in China is shaped and shrouded in mystery. However consumers behave pretty much the same everywhere and the competition is also similar from one country to another. To understand the Chinese market one needs to understand the big trends that are shaping the Chinese market. These trends are like the big tectonic plates under the earth’s surface. If one begins to understand and appreciate these trends then the within the chaotic scenario that exists on the top actual picture can be deciphered. These trends play a major role as

Stakeholders Assignment Example | Topics and Well Written Essays - 500 words - 1

Stakeholders - Assignment Example The success of the company has been made possible through the active participation of the stakeholders. The academic paper analyzes ten significant stakeholders of the company. The significance of the stakeholders is as explained below. 2. The guests are the main business stakeholders. The company invests a lot of resources for product marketing, so as to attract the attention of the global customer base. High customer numbers translates to high sales revenue. 3. The owner is another significant stakeholder. The owner is the chairman of the board of directors. He provides overall direction to the company, and formulates strategies that will ensure achievement of mission and vision. 6. The resort adheres to conditions set by the regulating officials. The federal and state agencies in the hotel and tourism sector are responsible for setting regulations, which all industry players must adhere to. 7. The hotel industry trade unions are stakeholder. All employees have the rights of joining a trade union of their choice. The trade unions enhance their welfare by jointly improving working conditions with the management. 8. The state department is responsible for providing the infrastructure and regulation necessary for the hotel, tourism and hospitality industry. Security infrastructure is provided by the department, in addition to transport and communication infrastructure. The stakeholder analysis illustrates that the employees are the most important stakeholders for the business. This is illustrated through the relatively high rating of 17%. The employees are significant because they are responsible for providing services to the customers effectively and efficiently. The employees are also responsible for customer retention, through providing services that meets and exceeds the expectations of the customers. Other important stakeholders at 17% are guests and the owner. The casino and the