Archive for May, 2011
Why did Best Buy fail in China (2)?
(Continued from last post) Michael Porter, in classic book Competitive strategy: techniques for analyzing industries and competitors, presents five forces that determines the intensity of industry competition, and three generic strategies. Michael Porter argues that a firms’ strength falls into either cost advantage or uniqueness. By applying these strengths in either a broad or narrow [...]
60th Anniversary China Army Parade 2009 Designer Watch
Here is the 60th anniversary National Day commemorative China army watch for those who are collectors, military fans, or anyone who is interested in oriental history and culture. The watch is made up of highly-precise quartz movement that keeps extremely accurate time. There is an August 1st (八一) army emblem on the watch band. The [...]
Why did Best Buy fail in China (1)?
A number of multi-national firms have failed in China. The Shanghai-based US consumer electronics retail giant Best Buy closed its 9 own-brand stores on February 22, 2011. Although completely withdraw Best Buy brand from the Chinese market, Best Buy will maintain wholly-owned subsidiary Five-star Electronics operation. Another US retail giant Home Depot closed its final [...]