How business strategy might be affected by developments in China

Beschreibung

Mindmap am How business strategy might be affected by developments in China, erstellt von alison.mehew am 02/05/2014.
alison.mehew
Mindmap von alison.mehew, aktualisiert more than 1 year ago
alison.mehew
Erstellt von alison.mehew vor mehr als 12 Jahre
35
1

Zusammenfassung der Ressource

How business strategy might be affected by developments in China
  1. What is business strategy
    1. articulates direction
      1. developed in three steps
        1. 1) analysis
          1. 2) integration
            1. 3) implementation
          2. China
            1. 2nd biggest economy
              1. GDP growth 7.7%
                1. 1.35 billion inhabitants
                  1. 16/20 most polluted cities
                  2. Developments in China
                    1. sustainable growth through investment in economic restructuring
                      1. promoting emerging markets
                        1. transition from export to consumption based economy
                          1. building markets and market share in service sectors
                            1. move away from low cost manufacturing
                              1. increased domestic competition
                                1. increased environmental regulations
                                2. Investment in R&D
                                  1. Tata has invested billions of $ in product development for Jaguar, new materials used for manufacturing
                                    1. Toyota's luxury American car brand Lexus have built an R&D facility in Jiangsu province to engineer their cars towards the Chinese market.
                                    2. Ansoff's Matrix - Diversification (strategy of bringing new products to new markets)
                                      1. JRT attempting to catch up with German rivals in China by developing new models
                                        1. Audi designing new cars tailored specifically to a wealthy Chinese audience, (orientated for chauffeurs and extra leg room in the back)
                                          1. Tesco focusing on importance od being local in different regions of China
                                            1. Appointing local directors to strengthen Chinese Board and plans to recruit local talent
                                          2. Porters Generic Strategy
                                            1. cost leadership, lowering costs to increase profits
                                              1. differentiation
                                                1. adding value to product areas which are of significance for customers who are willing to pay premium prices
                                                  1. Gieves & Hawkes struggling to justify high prices as consumer confidence declines
                                                    1. Burberry expanding into first-tier cities only to keep brand exclusivity in wealthier parts of China
                                                    2. Joint Ventures
                                                      1. JLR adapting to the Chinese market through partnering with regional companies across the country, aiding in the development of brand marketing to Chinese consumers
                                                        1. Tesco will fold its 131 hypermarkets in the country into China Resources Enterprises Ltd. and retain a 20% stake in the business
                                                        Zusammenfassung anzeigen Zusammenfassung ausblenden

                                                        ähnlicher Inhalt