Understanding of challenges and rewards of running business

Assignment Help Other Subject
Reference no: EM131940388 , Length: word count:1500

Assessment - Essay Task

Purpose: This assessment builds students oral and written communication skills, and gives the students real life understanding of the challenges and rewards of running a business.

Topic:

Mary, an Australian always knew that she would have a career to do with food, because her parents having worked as chefs, were continuously experimenting with new recipes for sauces and condiments, and bottling them for gifts. Growing up around this food loving way of life is what led Mary to start a small home business manufacturing a variety of condiments. Today, Mary owns 'The Aroma Shop' and a small factory in Wagga Wagga. Her products use organic ingredients, and are guaranteed to not make the use of preservatives Mary now wishes to expand her business to China as she is certain that her products will be popular, which include chilli sauces, pastes, chutneys and jams.

She believes that the best way forward is to fly to China to meet the manager of a popular store - Mr. Lau a fifty five year old Chinese man. Conversely, one thing Mary is not so certain of is how to conduct business with the Chinese, and especially how to proceed with a first meeting. You are to prepare a formal analytical essay of strictly no more than 1500 words on Chinese business etiquette and steps that Mary can use to make a favourable first impression when she visits China to meet with Mr. Lau. You will need to provide some research grounded recommendations for addressing these. You must also include a section on: areas of potential cross-cultural miscommunication, using one cultural framework Hofstede or GLOBE Models of Culture covered in this unit, and suitable adjustments Mary can make to increase the success of the meeting.

Task Details: This assessment is designed to allow students to develop good research and interpretation skills.

Reference no: EM131940388

Questions Cloud

Trade in industrial and agricultural commodities : How doesn a futures market operates and how might it facilitate the trade in industrial and agricultural commodities?
Equilibrium with flexible wages and worker misperception : Start at full-employment (FE) equilibrium with flexible wages and worker misperception of price level changes in the short run.
Discuss about the asbestos abatement training : Explain the differences between asbestos abatement training and asbestos awareness training. Your response must be at least 75 words.
Define and give the historical significance or importance : Define and give the historical significance/importance. Each id should be specific as to what, who, outcome or results of, etcetera. Get specific with details.
Understanding of challenges and rewards of running business : This assessment builds students oral and written communication skills, and understanding of the challenges and rewards of running a business
Explain the economics benefits of these activities : Describe activities in your organization or other organization that result in economies of scale and economies of scope.
Find the interest coverage ratio and leverage ratio : Find the interest coverage ratio. Find the leverage ratio.
Measures of economic efficiency : Also, what are the strengths and weaknesses of each of the measures of economic efficiency as they relate to capital allocation and decision making.
Calculate the price of firm with plow back ratio : Calculate the price of firm ABC with a plowback ratio of 0.4 if its ROE is 20%, Current earnings, E1, will be $5 per share, and the cost of equity is 12%.

Reviews

len1940388

4/13/2018 3:31:21 AM

Assessment Type: Individual assessment. Essay Task (1500 words). Due Date: Week 5 - 5:00 pm Sunday. Submission: Soft copy uploaded to Moodle and Turnitin - Word .doc or .docx. A minimum of five scholarly references are required in order to pass this assessment. However, for a high mark, you will need to use many more scholarly references. It is very important that you assess the internet resource used for credibility. Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt. Magazine article format - use a single column format. Title, name and student number.

Write a Review

Other Subject Questions & Answers

  Discuss appropriate ethical issues that might arise

The procedure section should also clearly indicate what type of experimental design is being used (for example: "quantitative, between-subjects design").

  In a multiprogramming and time-sharing environment

In a multiprogramming and time-sharing environment, several users share the system simultaneously. This situation can result in various security problems.

  Determine the contour lines necessary toaccommodate

Using a contour interval of 10 m, determine the contour lines necessary toaccommodate the maximum and minimum elevations. Enter your results below (note that there may not be contour lines to fill all the blanks).

  Discussion of the recommended probation plan

A profile of the defendant. Analysis and discussion of the recommended probation plan (general points to consider; diversion programs)

  Develop an outline for a cross-sectional research design

Develop an outline for either a cross-sectional or longitudinal research design. A description of how you will measure the topic of study.

  Analyze the factors contributing to the development

Analyze the factors (both genetic and environmental) contributing to the development of a specific mental disorder (of your choice). Discuss steps that could be taken to reduce the incidence of the disorder that you had identified above. Be sure t..

  Calculate the tax payable by daniel

Determine whether Daniel would be taxed as a resident or non-resident fortax purposes in 2016/ 2017 applying the residency and source factors.

  Write the difference between primary and secondary data

what is the difference between primary and secondary data? provide both definitions and examples. can folks think of an

  Differentiate between qualitative and quantitative research

Determine whether the research study you selected is non-experimental or experimental. Explain your reasoning.

  Determine a hypothesis based on the data

Explore how to organize, display and analyze data. There are a range of different data sets that deal with quality measures, insurance use.

  What is the role of probability in business research

What is the role of probability in business research

  Charge of maintaining hospital supplies at general hospital

Linda Lechner is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation for BX-5 was 7.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd