Financial Accounting 代写:UK market

Keywords:Financial Accounting 代写

The choice of the UK market comes as a natural consequence due to the fact the UK's government is maintaining a very favorable attitude towards the global companies (Adler, 2002). In addition, the demand potential of the country is very high, particularly taking into consideration the huge disposable income of the country. The prevailing economic conditions in the country could also be cited as one of the reason behind the entry decision of the organization in the country as due to consistent inflation and recession the purchasing power of the people living in the country has decreased that in turn provide potential to Haier as the firm offer different products that compete in the market on the basis of price (CIPD, 2005). Essentially the head office of the organization located in China will work as parent company where most of the strategic plans that the UK subsidiary will implement will be framed. This in turn mean that all the major strategic plans and decisions of the organization will be made in China, however the operational decisions with respect to the UK operation will be made by the UK management team (Ely, 1994). The key staff for the UK subsidiary will be either hired or transferred from the Chinese operation, and individual having some related experience with the UK operation should be given preference. The strategic plans created by the parent company should then be converted by the UK's staff into operational plans and strategy that could help the organization to accomplish its long-standing goals and objectives. The operation of the subsidiary will be headed by the country head whose task will be supported by different functional level managers. The country head will be directly responsible to the Chinese top management, while the task of the functional managers will be supported by the functional staff at the head office that will be having staff authority with the UK's management staff (Schuler et al., 2003).Financial Accounting 代写:UK market