Management Case Studies
Why did Best Buy fail in China (3)?
Continued from last post Michael Porter argued that to be profitable in the long-run, a company must adopt only one of the 3 generic strategies – cost leadership, differentiation and focus. (Here, I think there are essentially two strategies – cost leadership, differentiation. The focus strategy concentrates on a narrow market niche, within that particular [...]
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 [...]
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 [...]
The Creation of Bull Shit Gift
Recently a French company creatively launched teasing bull shit gift, attributable to a Chinese student’s bizarre idea. The creation of bull shit gift A Chinese student, Zhang Yicheng, went to France in 2008. One year later, while working in a farm owned by his classmate, he found a person called Renault was not happy because [...]
Essential elements for entrepreneurial success
Failure is always different; truth is always the same; the pattern is always inter-linked. For those who are committed to entrepreneurial success, it is required to work for others five to ten years whole-heartedly, then start to consider if you are willing to start up a business, if you are capable of running a business. [...]