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devlian [24]
2 years ago
7

Thinking back to the "Going on a Business Trip to China" case study below, does Judith demonstrate cultural intelligence? Yes or

No? What could she have done to prepare herself for this business trip? Explain and provide evidence to support your position on both questions.
Case Analysis- Going on a Business Trip to China

Recently, senior managers at Judith Carey's company concluded that some of the company's operations needed to be produced in lower-wage locations for the company to stay profitable. They placed Judith in charge of learning about options in China, a country she had never visited.

After several months of making contacts via phone and email, Judith traveled to China to meet some potential manufacturers. She brought two of her staff members along with her on the trip. She also asked Mei, one of the company's sales representatives in China, to join the group and act as an interpreter. Mei had joined the company's sales department in China two years ago. Because she gained a marketing degree in a Canadian university, Mei's English was excellent.

The first stop on the trip would be with representatives of the Shunde Manufacturing (SDM) Company, a potential manufacturer for the company's line of dolls. After a long plane trip and a sleepless night at a hotel in Shanghai, Judith started the first day of work in China tired and slightly disoriented. Her team first met the company's president, Bo Chen, and seven other men from SDM for lunch. Judith was seated next to the company's president for the duration of the two-hour lunch, which included course after course of foods Judith had never seen or eaten before. Judith sampled most of the dishes but was clearly uncomfortable.

During the meal, the company president asked Judith, "Ms. Carey, what are your impressions of China?" Judith replied, "Well, Bo, I don't really know too much. I'm not quite used to the air here, with all of the pollution. Of course, I've always known about the one-child policy, but not much else. Do you think the policy is fair?" Bo stated, "China and America must solve their problems in their own ways." Then, he talked about the final dish for the meal—a fish. He explained that ending the meal with the fish had special symbolism in China and signaled a prosperous future for their relationship.

Near the end of lunch, Bo told Judith, "We'll meet for dinner and a reception later at 6 p.m. I've arranged a tour for you this afternoon. Several of our staff members will take you for a walk along the river, to some beautiful Chinese gardens, and to the Shanghai Museum." Judith was a bit dismayed. She wasn't really in the mood for touring. Rather, she wanted to get down to business, but she obliged for the afternoon tour. During the tour, Judith asked Mei, her interpreter, "What should I do this evening to make sure we can talk about business?" Mei replied, "Tonight, you should make friends with President Chen. Give him a nice toast in front of his employees. Enjoy the wonderful food. Tomorrow you can talk about business."

That evening, Judith and her team were taken to a large private room at a restaurant. The SDM Company was now represented by more than 20 employees. Judith and Bo spent most of the dinner discussing family and professional experiences. Judith enjoyed the food, gave a toast mentioning "future cooperation" and thanking "President Chen for his hospitality," and even sang karaoke when invited.

The next day, Judith arrived at the company's headquarters. She and her team discussed options for a partnership with SDM representatives for the duration of the day. At the end of the day, both parties agreed to continue their conversations in approximately one month.

Questions:

When Bo Chen referred to Judith Carey as "Ms. Carey," Judith responded by referring to him as "Bo." What cultural dimension can explain this situation and why?

Judith's interpreter, Mei, encouraged her to give a toast to Bo Chen. Which of the following cultural dimensions can best explain this situation and why? What is Mei demonstrating?
Business
1 answer:
djverab [1.8K]2 years ago
8 0

Answer:

Consider the following explanation

Explanation:

I imagine that the social cultural measurement that can clarify this circumstance and how it played out is decisiveness. I imagine that emphaticness was utilized and can help this clarification since confidence is characterized as "managing the level of encounter and straightforwardness that is fitting and beneficial."

Now to China and Bo Chen, this could have come as being commonplace since they have a low-decisiveness culture contrasted with different nations. At the point when Judith calls him "Bo" rather than "Mr. Chen" it can be clarified as an indication of ease and put stock in originating from Judith. Individuals and societies with low confidence frequently utilize delicate and lovely dialect and stress correspondence and utilize agreeable dialect, for example, they did here.

The best social measurement & cultural dimension that best clarifies this circumstance is future introduction (FO). Future introduction is characterized as "includes how much societies will forfeit current needs to accomplish future needs."

For this particular circumstance, the organization Judith works for is seeking after a long haul association with Bo Chen's organization (Shunde Manufacturing Company). In doing as such, she needs to wind up versatile and trusted by Chen's organization, so the toast is an indication of regard despite the fact that her primary objective is to get serious, this a stage in traveling that way.

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Huxley Building Supplies' last free cash flow was $1.75 million. Its free cash flow growth rate is expected to be constant at 25
Kipish [7]

Answer:

Ans. The best estimate of the current intrinsic stock price is $36.51

Explanation:

Hi, first, we have to determine the cash flows for year 1 and 2 (when the stock grows at 25%) and then, the terminal value (using the constant growth rate of 6%). Then we have to bring to present value all the cash flows (terminal value included) and since the terminal value is an amount of money expressed in dollars of year 2, we have to bring it to present value, discounted at the WACC.

Normally, we need to use the rate of return of the equity but in this case this is not possible due to the lack of information. What we can do is to find the value of the company´s equity, which means that If we bring to present value tha cash flows of year 1 and 2 and the terminal value (using thte WACC as a discount rate) and add the short term invesments and substract the debt of the company, we can find the equity´s value and divide it by the outstanding shares, therefore obtaining a good aproximation to the intrinsic value of the stock. It all goes like this.

Note. Notice that 1.75 millions were the last cash flow so we need to find the cash flow for year 1 (CF1)

(PV)CF1=\frac{1.75(1+0.25)}{(1+0.12)^{1} } =1.9531

(PV)CF2=\frac{1.75(1+0.25)^{2} }{(1+0.12)^{2} } =1.9463

(P.V)Terminal Value=\frac{1.75(1+0.25)^{2}(1+0.06) }{(0.12-0.06)} *(\frac{1}{(1+0.12)^{2} } )=38.51

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Now, let´s do the following operation

EquityValue=(PV)allCashFlows+ShortTermInvest-Debt

EquityValue=(1.9531+1.9463+38.51)+5-7=36.51

Then, the equity´s value is $36.51 millions.

Now, the intrinsic value of the stock is the value of its equity divided by the number of outstanding shares.

Intrinsic ValueStock=\frac{36.51}{1} =36.51

So, the intrinsic value of Huxley Building Supplies' is $36.51

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<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
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