Preparation Sheets Essay

1.Notwithstanding challenging business conditions in china, do you think Australian business needs to exit Europe and the States and focus on Asia? Justify your answer.As seen in the previous some age the Asian market has boom in the world economy. mainland China emerges centre stage and its the economy is closely intertwined with the world at large. It is the worlds largest consumer marketplace. The averaged over 10% economical growth period the global financial crisis is going by preceding years China gains the superpower economy status in the world.While the subsequent economic downfall and problems in the European and the American zone The Asian and peaceable Rim economies are still continue to grow and soon pass judgment to be larger than those of the European Union. The growing prominence of the firms identical Honda, Toyota and Sony of lacquer and the Samsung and Hyundai of South Korea are a few(prenominal) of the companies which boost the Asian market in the world.He nce in spite of challenging market conditions in china, I think Australians business needs to enter the Chinese market kinda than focusing on EU and America.2.How would you set about building relationships with Chinese counterparts in order to establish a business operation at that place?The two keys to success are the relationship building, networking and dealing with the ethical, trustworthy people. By screen background up business operations in many healthy placed regions so as to take advantage of inter-regional trade crossways the countries and with Australia. The other aspect is by joint venture or co- will power in the business helps to understand the business culture, market strategies, and the mentality of the topical anesthetic set upors and the consumer needs.3.Would it be better to invest in other Asian countries the like India (with just as big a population)?Its anytime better to invest in the nations with larger consumer market (like India). In past few years Indian market is growing fast and making its place in the worlds economy. India imports on a large scale and the Indian market is wide open for the irrelevant companies in last few years with numbers of foreign brands coming in like In cars Mercedes to Ferrari, in IT IBM to Microsoft, in electronic Samsung to Apple and with the food chains like KFC to McDonalds. It is the biggest market for the foreign investors currently. So its the perfect time for the foreign investors to enter the Indian market. As unlike china, the India global business wording is English which makes lot of difference to foreign investors to strategies and communicate straightforwardly with the local investors whereas the business policies are also familiar with the foreign markets.4.What are the trump out investment strategies for Australian companies in China given the above model?According to the case study, the best investment strategies included are setting up the business in well placed regions so as to take advantage of inter-regional trade across the country. Developing projects in the aloof areas and setting up business in joint venture or with co- ownership is always successful to establish itself in the new territory.