Major problems arose between the two when China demanded for more control, pricing, and rights to each factory (Austin 35). After writing a very well written proposal translated in Chinese stating how Nike was committed to long-term business with China, they received an invitation to start negotiations. The Chinese are relationship-orientated and to them a transaction is not only business. Order custom essay Nike: a Multinational Company in ChinaĬhang was familiar with how the Chinese performed business transactions and used that as an advantage to get their foot in China’s tightly closed door. The first thing they set out to do was write a proposal to the Chinese government outlining their objectives and the advantages their joint venture would bring to China. Chang had the experience and knew the language and customs that it would take to create a successful agreement. To gain entrance into the tough country Nike hired David Ping-Ching Chang, who was originally from China, as a consultant to help arrange a deal between them (Austin 34). In James Austin’s case study of Nike in China, he described Nike’s entry strategy into China to be very difficult and found the Chinese government almost impenetrable to do business with. It entered into the emerging economy just after the country rose from the turmoil of the Cultural Revolution. In 1980, Nike created its first joint-venture with the People's Republic of China (Nike Inc. Nike has no involvement in the manufacturing of its products and all of its production has been outsourced, mainly to manufacturers based in low-wage countries. Nike first entered the international market through China overcoming the many challenges it faced while trying to do business with them. As a multinational company, it operates retail stores domestically and overseas and all of the products it sells are manufactured by independent contractors located predominantly in foreign countries. It was first named Blue Ribbon Sports and it officially became Nike, Inc. The company was founded on Januby a University of Oregon track athlete Philip Knight and his coach Bill Bowermanas. In 1999, Lutherans and Catholics officially reached a consensus on much of their beliefs about salvation.Nike: A Multinational Company in China Nike is one of the largest athletic shoe brands in the world and sells millions of shoes and clothing each year. Protestants and Catholics have been able to find common ground on this issue in recent years. So it is that in the Letter to the Galatians in which he primarily developed his teaching on justification, St Paul speaks of faith that works through love."
And the form, the life of Christ, is love hence to believe is to conform to Christ and to enter into his love. Faith is looking at Christ, entrusting oneself to Christ, being united to Christ, conformed to Christ, to his life. "Luther's phrase 'faith alone' is true, if it is not opposed to faith in charity, in love. Indeed, Pope Benedict XVI had this to say about Luther's beliefs in 2008: They would say true faith can't actually be separated from works, and that Catholics agree it is grace that gives salvation. It should be noted, however, many Catholics believe their objection to "faith alone" has been misunderstood. It's often stated Catholics, by contrast to Protestants, believe a mixture of faith and works is necessary for salvation. Luther believed people were saved by faith alone and that this was the summary of all Christian doctrine, and that the Catholic Church of his day had got this wrong. Pope Benedict XVI addressed the "faith alone" belief in 2008.
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