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Mgm 355 Group Project 6th Draft

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“Hitting the International Target” 1 Presentation to CEO and Senior Management of PM Company C. Ard, A. Bunje, J. Burggraf, N. Carter, & M. Coe MGM355-0804A-05/PPT October 28, 2008
Transcript
Page 1: Mgm 355 Group Project 6th Draft

1

“Hitting the International Target”

Presentation to

CEO and Senior Management of PM Company

C. Ard, A. Bunje, J. Burggraf, N. Carter, & M. Coe

MGM355-0804A-05/PPT

October 28, 2008

Page 2: Mgm 355 Group Project 6th Draft

2

Overview of Canada, China & Germany

Cultural Diversities within these countries Dr. Hofstede’s take on these countries (ITIM, 2008)

Recommendation for PM Company

Objective

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Michael Coe, 2008 3

Canada’s Cultural Factors

Language (CIA, 2008)

Technology

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4

Dr. Hofsted’s View

Canada’s-Culture

Individuality (ITIM, 2008)

Wealth division Masculinity Traditions - (continued)

J. Burggraf, 2008

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Michael Coe, 2008 5

Domestic (Transtech Company, 2008)

Canadian (Canadian Seating, 2008).

Competition

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6

What potential do we see in this market?

Aging population Trade convenience Access Currency exchange rate Existing trade relationships

Physical Mobility

J. Burggraf, 2008

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Michael Coe, 2008 7

Recommendations

Cultural Factors

Human Resource restructuring

Country accessibility

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Cultural Factors

China Language Wages Working hours Employment (Dessler,

2008)

April Bunje, 2008 9

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One of the largest countries in the world (China Window, 2008)

Population counts for 23% of the world’s population

Ranking economically will grow to 2nd largest by 2030

Cultural and Financial Dimensions

C. Ard, 2008

9

Page 10: Mgm 355 Group Project 6th Draft

Business attire (China-Window, 2008)

Bright colors are inappropriate

Touching is frown on in business

Senior personnel are acknowledged first

Cultural Factors

C. Ard, 2008

10

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Number one travel destination

Global Economic Power

Benefits In Foreign Trade With China

C. Ard, 200811

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Recommendations

China

Cultural Factors

Human Resource restructuring

Country accessibility

April Bunje, 2008 13

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13

What will the benefits be in China?

Population (CIA, 2008)

Transportation Communication Currency exchange rate Supporting Industries

April Bunje, 2008

Physical Mobility

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14Nicole M Carter, 2008

Germany’s Cultural Factors

Second Most Heavily Populated Nation

Economic Integration (CIA, 2008)

Second Largest Importer (Encyclopedia, 2008)

Strong Country (Ball, pg 313)

Page 15: Mgm 355 Group Project 6th Draft

N. Carter, 2008

15

Business Cultural Dimensions

Individuality (ITIM, 2008)

Masculinity

Uncertainty Avoidance Index

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N. Carter, 2008 16

Distributors that purchase Wheelchairs (Alibaba, 2008)

Living LONGER (People Daily, 2006)

Technological Advances (CIA, 2008)

Exchange Rate

“We Get Around”

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N. Carter, 2008 17

Challenges

RISK OPPORTUNITIES

Competition

Importation

Payment (CIA, 2008)

Global Expansion

Profit

Public Relations

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Business Behavior

Business is Business

We are all equal here

“The Show me Country”

M. Coe, 2008 18

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N. Carter, 2008 19

Marketing in Germany

• Efficiently/effectively manufacture product

• Get paid promptly (including exchange rates)

• Provide quick and accurate shipping

• Track our orders by computer (ITIM, 2008)

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Why we want to export?

Risk

Benefits/Goals

Where we choose to market

21

Summary

M. Coe, 2008

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Build Strong Customer Base Avoid and prepare for barriers Invest time and money Be flexible

22

Conclusion/Questions?

M. Coe, 2008

Page 22: Mgm 355 Group Project 6th Draft

Alibaba,(2008), Homepage, Retrieved: October 24, 2008, http://www.alibaba.com

Ball, D. A., & Geringer, J. M., & McCulloch, W. H. Jr., & McNett, J. M. &

  Minor, M. S., (2008), International Business, The Challenge of Global

  Competition, (11th ed), McGraw-Hill Irwin, NY

Bank of Canada, (2008), Homepage, Canadian economy in decline, but 'sky not falling”, Retrieved: October 24 , 2008 http://canadianpress.google.com/article/ALeqM5iIUho2NdbjvAWCCSrMPOLT3gCvxg

Canadian Seating and Mobility Conference.

Retrieved October 25, 2008.http;://www.csmc.ca.

N. Carter, 2008 23

References

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Canadian Salary Survey, (2008), Homepage, Retrieved: October 24, 2008 http://www.livingin-canada.com/work-salaries-wages-canada.html

CCBC National , (2006). Canada China Business Council. Retrieved October 25, 2008, Web site: http://www.ccbc.com

Central Intelligence Agency. (2008). Retrieved: October 15, 2008, https://www.cia.gov

China Window (2008). The Way to China. Retrieved October 25, 2008, from Web site: http://www.china- window.com

N. Carter, 2008 24

References

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24

English-French Bilingualism, (2008), Homepage, R retrieved: October 24,

2008 http://atlas.nrcan.gc.ca

Harris, M., (2008), Homepage, Transport industry prepares for major shift in demographics, Retrieved : October 24, 2008http://www.canada.com

 History .com, (2008), Encyclopedia, Germany, Retrieved: October

25, 2008 http://www.history.com

Hofstede, G., (2008), Homepage, Retrieved: October 22, 2008

http://www.cyborlink.com/besite/hofstede.htm

J. Burggraf, 2008

References

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Morisselle, R., & Zhang, X, (2008), Revisiting wealth inequality,

Retrieved: October 24, 2008

http://www.statcan.ca/english/freepub/75-001-XIE/11206/art-1.htm

 People’s Daily, (April 27, 2006), Is Germany Headed for a Demographic Disaster?, Retrieved: October 25, 2008, http://english.peopledaily.com.cn

 Transtech Company Website. Retrieved October 25, 2008 http://www.transtechmobility.com/

J. Burggraf, 2008

References


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