International Dimensions Of Business Essay Example | Topics and Well Written Essays - 2500 words

International Dimensions Of Business - Essay Example Briefly, the Haier Company came in existence by the year 1984 in a Qingdao, in the Shandong province. Following this, the company specifically does manufacture home appliances over 15,100 products. Consequently, the above data did basis on 96 categories of different specifications. Back in 2006 April, the Haier firm had come to 6,189 mark of original technology products that they had manufactured. To add on that the company did acquire software certificates of about 589 from intellectual property rights. Essentially, the Haier products in marketed their products in over 100 different countries. Apparently, the Haier Company sponsored the Beijing 2008 Olympics games (Nancy & Allison, 2008, p.90). In summary, the company has its headquarters in the Shandong province at a place known as Qingdoa in the republic of china. Additionally, the company has almost 50,000 employees worldwide and has over 240 subsidiaries. Concerning the financial status, the company has revenue of about 103.4 bi llion RMB that is global. Consequently, this averages to 68% annual growth between the year of 1984 and 2005.Haier Company is the most profound company that has undergone dynamic changes. Furthermore, it is now the most successful company globally. Therefore, it is important for one study the company. The company gathers a range of issues that are comprehensive for one to learn. Some of the subsidiaries that came to be on the list were Qingdao Haier Company, limited on the stock exchange of the Shanghai as well as the Haier electronic group limited that was listed in the Hong Kong stock exchange. As most companies, the Haier had to have business tock as follows: manufacturing and product development, trade, research on technology and lastly the finance services. Notably, the company did stick on its line of production for several issues namely; freezers, microwave ovens, washing machines, televisions, computers, mobile phones and lastly commercial air conditioners. In the summary of the introduction Haier Company came into existence in the year 1984, in the Qingdao city in the province of Shandong, and lastly, it is in china. It was the first white goods company of the china republic and eventually, it did distribute its products in five continents, which are 160 countries. The company had over 70 thousand employees over the world. Ranking Subsequently, during the year of 2006, Haier Company was in 86th position out of 500 of most prominent brands. Notably one of its achievements was that this is the only company that came to top 100 positions consecutively for three years. It is noteworthy that the company improved its reputation in that it was the first among the Chinese brands to acquire appropriate recommendations in its financial reports globally by the year 2006. The reports came in generation by the Canada state and in addition, the group got world climate rewards from the U.S.in summery, this is few achievements of the Haier Company. The productions of the Haier Company Following this, the Haier Company did manufacture a wide range of products from refrigerating cabinets, air conditioners, computers, water heaters, and home theater, televisions, and mobiles phones among the many that have not been in mention. Furthermore, Haier is leading in the technology domains of home furniture that are integrated by intelligence, digitization, and extensive integration of circuits. Haier’ global branding deal Company did aim at getting to a position of local brand in several markets worldwide in concurrence with the superior competitiveness of the product in relation to tough corporate operation. International business structure comprises of the universal design network, production, distribution and as far as procurement of after sale services (Shaw & Onkvisit, 2008).