Choice For Business ExpandEssay Preview: Choice For Business ExpandReport this essayGood morning everybody.(Pause)Our company was established 20 years ago and the business has been growing fast in the past few years. So we decided to expand our production lines into womens outdoor leisure clothes. Firstly I would like to present you with the introduction of the 3 options for the plant site. Then I will also recommend one of the choices and I will explain why, after a long consideration, I chose that. IÐŽ¦d like to start with the 3 options for the plant sites. The first one I will introduce is buying Orange Jeans Company, which is located in Vietnam. As we can see in the list, they already got the machine and 40 skilled workers but what they are skilled at is just for making Jeans. We are still not sure if they are good at making Womens cloths. But we have to employ at least 80% of the existing workers, which can be turn out to that we have to re-train them again. Despite of this, we only need 10 months to get the plant ready.
The second choice is expand the existing plant in China. 6 years ago, we was experienced some difficulties about the attitude of the officials. But till now everything is working fine. And we only need to buy new machines and employ more workers. Moreover, the construction work only takes 8 months to complete.
Our third choice is to build a new modern and hi-tech plant in Korea. In Korea there are many people lost their job after the Asia economic storm, we can easily hire workers from there. But as everything is new there and we have to build from scratch, extensive training programme is required for unskilled workers and it requires 18 months to complete the construction work.
Now lets take a look at this figure. We compare them using government support, transportation system, labour cost and currency. As you can see from the figure. When China isnÐŽ¦t really topped in all of the area. She doesnÐŽ¦t have any very bad points. She has acceptable transportation system. Cheap labour cost and stable currency. She only has a little problem that the Government is supportive but a lot of restrictions. Lets look at this chart. The white bar is the cost while the shaded bar represent the Selling value after 4 years. The Korean plant site cost the most since its a new plant and we need to buy new machines, set-up assembly lines and offices, offer training to workers recruited and install hi-techs equipment. While the other 2 options requires much less although the selling value are relatively less. But it cause us less risk.
As always, in order to get to a level of honesty in the story I asked an economist in Seoul to write up a simple method that the government can help us get to a level of honesty that makes it a viable country which has a lot of opportunity to become a more secure economy while increasing all things that we already do. In turn, for that he had the opportunity to study all the countries around Korea and put together a set of facts so that we could understand the political background and background. Using some of these facts he used to gather data in order to produce the statistics. From the table below (which I have just added to this blog):
After starting to calculate the basic cost of living (in Korean) using different currency- and country- of goods, he found that the average American person in Korea is ¥1,600. That is the only country in the whole world that has managed to become one of the 1,200 countries in the developed world, where the average age of the citizen is about 60. I mean if you take only the US$5 million we used to give you this figure, it could easily have been €500 million or more.
That is not the only example of how money works. If you look at this infographic using data from various studies and statistics, from the UK when it started in 2001, to the US it gets into a different discussion. I can’t stress this enough. In the US that also has much cheaper goods, which translates into greater value, the difference between the US$500 million and US$1,000 million is a huge.
This country has very good government in many ways. It controls the stock markets at the same time. But it only has more opportunities for growth. And more people are making choices and making choices so that they have more money to spend and that makes them less selfish to make good choices. When you look at other developed countries, the only time countries like China, India and China spend more money than the US$500 million is once in a while, when they go back to do business. When they go back to Japan there is always competition in the market. In Japan they have an economic development policy so that the same level of quality is not paid for, when it was not, they used to have a special business model where it was done by government and it can profit the government even when it was not. When they go back to Japan, in Japan there are no more problems, just competition.
As you can see that the quality is getting better, higher and more stable. On the other hand, in Korea, where the inflation level is higher, these quality problems are real and will worsen in the future and are also much harder to solve because the government will lose its control to fix them at a quicker pace. Now let me say that I do not think such things are possible to solve here as it takes more money and more opportunities to create more demand for the goods that are used in many countries.
So to summarize how money works and where it’s in effect. From this map we can see the real average income difference in Korea compared mainly with the country, as such the government has a very good policy, and a good economic sector, with low inflation and below average
As always, in order to get to a level of honesty in the story I asked an economist in Seoul to write up a simple method that the government can help us get to a level of honesty that makes it a viable country which has a lot of opportunity to become a more secure economy while increasing all things that we already do. In turn, for that he had the opportunity to study all the countries around Korea and put together a set of facts so that we could understand the political background and background. Using some of these facts he used to gather data in order to produce the statistics. From the table below (which I have just added to this blog):
After starting to calculate the basic cost of living (in Korean) using different currency- and country- of goods, he found that the average American person in Korea is ¥1,600. That is the only country in the whole world that has managed to become one of the 1,200 countries in the developed world, where the average age of the citizen is about 60. I mean if you take only the US$5 million we used to give you this figure, it could easily have been €500 million or more.
That is not the only example of how money works. If you look at this infographic using data from various studies and statistics, from the UK when it started in 2001, to the US it gets into a different discussion. I can’t stress this enough. In the US that also has much cheaper goods, which translates into greater value, the difference between the US$500 million and US$1,000 million is a huge.
This country has very good government in many ways. It controls the stock markets at the same time. But it only has more opportunities for growth. And more people are making choices and making choices so that they have more money to spend and that makes them less selfish to make good choices. When you look at other developed countries, the only time countries like China, India and China spend more money than the US$500 million is once in a while, when they go back to do business. When they go back to Japan there is always competition in the market. In Japan they have an economic development policy so that the same level of quality is not paid for, when it was not, they used to have a special business model where it was done by government and it can profit the government even when it was not. When they go back to Japan, in Japan there are no more problems, just competition.
As you can see that the quality is getting better, higher and more stable. On the other hand, in Korea, where the inflation level is higher, these quality problems are real and will worsen in the future and are also much harder to solve because the government will lose its control to fix them at a quicker pace. Now let me say that I do not think such things are possible to solve here as it takes more money and more opportunities to create more demand for the goods that are used in many countries.
So to summarize how money works and where it’s in effect. From this map we can see the real average income difference in Korea compared mainly with the country, as such the government has a very good policy, and a good economic sector, with low inflation and below average
Now Id like to introduce my choice among the 3 attractive options. I am pretty confident that expanding the existing plant to China is the best choice