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Asia Pacific Business Perspective | Study

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Added on  2020-03-23

Asia Pacific Business Perspective | Study

   Added on 2020-03-23

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Running head: ASIA PACIFIC BUSINESS PERSPECTIVEAsia pacific business perspectiveName of the studentName of the universityAuthor note
Asia Pacific Business Perspective | Study_1
1ASIA PACIFIC BUSINESS PERSPECTIVEIntroduction More and more business organizations from the developing countries are entering in theinternational market in the recent times. Business organizations from the developing economiessuch as India and China are rapidly gaining brand identity due to their few competitiveadvantages. One of the key competitive advantages possessed by them is their low cost ofproduction due to the fact that the cost of resources in the developing countries are much lowercompared to the developed countries (Panizzolo et al., 2012). Thus, with their cost effectiveproducts, they are rapidly emerging as potential challengers for the established players in themarket. However, in entering in the global market, various aspects should be determined by theseorganizations in order to effectively cater to the market. One of the key factors is cultural aspect,which is different in different regions. Organizations have to adhere with different cultures inoperating in the global market (Vaara et al., 2012). Differences in political and economicaldifferences are also key determining factors for the organizations. This report will discuss aboutthe determining factors being faced by Haier in operating in the international market. Moreover,the challenges being faced by them in investing in different countries will also be discussed inthis report. Company profile Compared to its market competitors, the operational history of Haier is much less due tothe fact that is was being originated only in 1984. Haier was being originated in China as a smallrefrigerator company. However, with the change in time, they have initiated aggressiveinnovation strategy to foster their growth in the market. Their rapid generation of innovative
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