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Rescooped by Adam Bates from AQA A2 BUSS4 Globalisation, UK Manufacturing & EU
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Why Tesco struggled to crack China

Why Tesco struggled to crack China | China | Scoop.it
With nearly 1.4 billion people, China is the biggest consumer market in the world. Yet the supermarket giant Tesco has found it tough to crack the market.

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Mr Billinghurst-Bright's curator insight, November 4, 2013 4:52 PM

An interesting video on how Tesco has struggled to crack China on its own and its change in strategic approach of using a joint venture with Chinese firm China Resources Enterprise (CRE). An essential example to use which proves what works in the UK does not necessarily work in China and the importance of gaining local knowledge through joint ventures.

 

Extra story:
1. Tesco set to withdraw brand from China in new joint venture
UK supermarket in talks with China's biggest retailer, which means the Tesco name is likely to disappear from the country

Some data from Tesco's strategy of market entry in China moving from an unsuccessful venture of Tesco owned stores (at a £1.5bn cost) to a Joint Venture with China's biggest retailer, state owned China Resources Enterprise (CRE) which would leave Tesco with a 20% stake.

 

This compares with Tesco's struggles in the US with Fresh & Easy based on failing to adapt to cultural differences.

 

This article also feature some details on the struggles of two other UK firms in China B&Q, M&S and US firm Best Buy. 

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Chinese protectionism harming British companies, says European Chamber of Commerce report - Telegraph

Chinese protectionism harming British companies, says European Chamber of Commerce report - Telegraph | China | Scoop.it
British and European firms are losing out on billions of pounds-worth of government projects in China thanks to a tangled web of legal barriers, back-door protectionism and widespread corruption, a report by the European Chamber of Commerce in China has claimed.

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Mr Billinghurst-Bright's curator insight, April 30, 2014 7:38 PM

Protectionism in China is a major threat for foreign firms attempting to operate there.

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Nike reports problems at China factories

Nike reports problems at China factories | China | Scoop.it
HONG KONG (Reuters) - Nike Inc , the world's biggest sneaker and sportswear maker, said it found falsified documents, underage workers and unpaid wages at suppliers in China, despite what

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Mr Billinghurst-Bright's curator insight, February 25, 2015 7:12 AM

TOPIC: Ethics, Globalisation, CSR

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BUSS4: 10 Practice Essay Questions on China (Section A) - Tutor2u

To what extent do you agree that it is now too late for businesses outside China to take advantage of the best market opportunities in China? Do you believe that setting up a joint venture is the best way to reduce the risks of ...

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BUSS4 - China: Opportunities, Threats, Success & Failure - Tutor2u

BUSS4 - China: Opportunities, Threats, Success & Failure - Tutor2u | China | Scoop.it
This revision presentation highlights the key opportunities and threats faced by firms outside China looking to do business in and with China. It also provides examples of businesses that have succeeded in China and those ...

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China economic growth rate stabilises

China economic growth rate stabilises | China | Scoop.it
China's economy, the world's second-largest, shows signs of stabilising as 2013's 7.7% growth rate matches that for 2012.
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Why Gucci Succeeds in China

Why Gucci Succeeds in China | China | Scoop.it
The strength of fashion label Gucci is in its established strong brand image international presence and to some extent the ability to control its distribution channels.

Gucci has a higher profile and recognition in China than many of its competitors -- primarily achieved through its heavy inve
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Leaving EU 'poses risk to UK firms'

Leaving EU 'poses risk to UK firms' | China | Scoop.it
Quitting the EU would pose "very significant risks" to the UK, the body which represents major British-based banks and insurance firms says.

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Yvonne Bailey's curator insight, May 15, 2014 5:01 AM

Eu and business - a topic that hasn't come up yet!

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BUSS4 - China's External Business Environment - Tutor2u

BUSS4 - China's External Business Environment - Tutor2u | China | Scoop.it
tutor2u Exam Coaching & Revision Workshops. Get Summer 2014 Right First Time with tutor2u ... Working conditions; corruption and protectionism.

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