Shui Fabrics is a China based fabric company that is a 50%-50% joint venture between a Chinese company and U.S. Textile manufacturer. At present, it produces dye and coat fabric for both domestic as well as international market.
There will be a discussion of differences between American and Chinese perspectives on Shui Fabrics’ ROI by using the Global project dimensions. Along with this, a strategy will be also discussed to addressing the situation (2004-2013).
Difference between American and Chinese Perspectives
According to Chiu Wai’s point of view, Shui Fabrics had a good balance in terms of global project value dimensions for the return on investment (ROI).
It is because; Shui Fabrics was generated an appropriate level of profits “not too little and not too much” on its investment in global projects including joint venture between U.S. and Chinese companies.
On the other side, Ray Betzell who is the general manager of joint venture between Shanghai Fabrics Industry and Rocky River Industries viewed that ROI of Shui Fabrics should be at least 20% as compared to 5% annual returns on investment in last year. In terms of globe projects value dimensions, there are some differences between the perspectives of Chiu and Ray due to different views on the ROI of Shui Fabrics (2004-2013).
In terms of economic dimension, the views of both Chiu and Ray regarding rate of annual returns on investment and labor costs has some differences due to different approach related to annual ROI of Shui Fabrics.
The Term Paper on Cultural Differences Paper “Driving Miss Daisy”
There are many ways that the movie “Driving Miss Daisy” portrays cultural issues. There are a number of scenes in the film in which different cultural issues are described and in which racial issues are prominent. It is important to note that the movie is set in 1948 in Atlanta, Georgia. According to Edward Hall there is a reality that everyone lives in that is a particular reality as there are a ...
At the same time, social-cultural differences between the U.S. and China also create difference among the views of both Chiu Wai and Ray Betzell. In this way, American more focuses or emphases towards safety of labor, higher wages of labor, quality of fabric products, while Chinese more focuses towards quantity of products rather than quality. This difference creates conflicts or problems between the management of Shanghai Fabrics Industry and Rocky River Industries (8th Ed, 2010).
Central Differences
From economic, social-cultural, political, legal, and differences, social-cultural differences is one of the most central issue because it has significant impact on the relationship of American and Chinese partners as well as success of Shui Fabrics (Young, 2007).
It is the main underlying cause of core problem of Shui Fabrics that create conflicts between the Ray Betzell and its American boss Paul Danvers. Social-cultural differences between partners are selected as a most central factor because it can affect the business relationship among Shanghai Fabrics and Rocky River by creating differences in views, conflicts, and communication problems (8th Ed, 2010).
According to case, Shui Fabrics is facing a problem within the organization due to different perspectives of American and Chinese partners on the ROI of the firm and efficiency in production process. In this way, it is found that social-cultural difference or influences is played a major role to develop different views of Ray Betzell and Chiu Wai as well as created conflict with boss (2004-2013).
Strategy to Address Problem
In order to address core problem or situation, the management of Shui Fabrics should develop a strategy that will help to effectively manage impact of social-cultural differences between the US and Chinese partners.
Over the past, many joint ventures fail due to conflicts between the two foreign partners on taxes interest, annual return on investment, business approach, political factors, and legal factors, social & cultural factors. In the case of social-cultural differences, it will be helpful for the management of Shui Fabrics to conduct regular meetings and training programs with American management to create effective communication between them (Young, 2007).
The Essay on The Difference Between The Medical And Social Models Of Disability
1.Know the difference between the Medical and Social models of disability. 1.1 Describe the Medical Model of disability. The Medical Model sees disabled people as the problem. They need to be adapted to fit into the world as it is. This approach is based on a belief that the difficulties associated with the disability should be borne wholly by the disabled person, and that the disabled person ...
Along with this, the management should also implement the work force diversity management concept within the organization to address the current situation (2004-2013).
Diversity management will be helpful for both Ray Betzell and Chiu Wai to create effective relationship between the American and Chinese bosses. At the same time, it will be also helpful to resolve conflicts between Ray and its American boss by making negotiation with both the parties. Along with this, it can be also useful for the management of Shui Fabrics to hire more workers from the US for Chinese plant in order to create work force diversity within the organization (GRIN Verlag, 2010).
In addition, Shui Fabrics should organize training programs for both American and Chinese workers and managers that will help to overcome impacts of social-cultural differences as well as address current problem (2004-2013).
Benefits of New strategy
There are many benefits that Shui Fabrics will be got form the above strategy. The above strategy will be beneficial for the company to overcome impacts of current problems on the business relationship. Diversity management will be beneficial for Ray Betzell and Chiu Wai to eliminate conflicts by making effective communication with their bosses.
Along with this, the proposed strategy will be also useful for Shui Fabrics’ management to create effective relationship between the employees of American and Chinese firms as well as increase annual returns of the investment (GRIN Verlag, 2010).
Conclusion
On the basis of the above discussion, it can be concluded that social-cultural differences is one of the main reason of current problem in Shui Fabrics. It is also concluded that work force diversity management will be helpful to effectively address current situation (2004-2013).
The Research paper on 2013 Management and Strategy, Walmart case study
Wal-Mart operates more than 11,000 retail units under 69 banners in 27 countries and e-commerce websites in 10 countries. (Wal-Mart. com) They employ 2. 2 million associates around the world; 1. 3 million in the U. S. alone. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. ...
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Business Management/Project Management. Retrieved October 22, 2013 from www.brainmass.com. Harris P.R. Moran R.T. & Moran S.V. Managing Cultural Differences: Global Leadership Strategies for Cross-Cultural Business Success (8th Ed.).
UK: Routledge, 2010.
Rademacher A., Zimmer K., Laubner J., Payarolla A., Laubner J., & Payarolla A. Conflict Management in German-Russian Joint Ventures. Germany: GRIN Verlag, 2010.
