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Wii revived an old brand name

I bet most of our classmates have played Wii or even own one. Apart from fun, it also revived its company name – Nintendo.  Before Wii came out, people may think that Nintendo is an old brand name which has lost in the gaming market to Xbox and Sony. Wii changed it picture of the market. Everyone thinks that Wii looks cool and is innovative. Once Wii came out, lots of non gamer female friends bought one. They said the Wii-mote looks cool, just sitting on a display stand. Of course, they also think that it is fun when we are playing Wii together. It can push our party to the highest point. One of the special feature about Wii is that it supports four players’ play which is often not possible on other consoles. In addition, there’s report saying that some hospitals want to use Wii to help elderly patients and those who can’t perform physical exercises. Also, to many people who doesnt like to do exercise, it is a good way to keep fit.

Nintendo put itself in a good position because instead of targeting at the small and highly competitive segment of the market, it had the vision to create its own segment. Its segment not only contain gamer or young people, but everyone including elderly. There successful marketing strategy revived the brand name.

http://www.businessweek.com/magazine/content/07_32/b4045401.htm

 My Wii =)

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China Explores Work Ethics

After reading the article ”China Shifts Away From Low-Cost Factories”, I found that business ethics is becoming more of a concern. It is unethical to pay factory workers 90 cents per hour. The government is finally governing the wage rates! However, this leads to an increase in cost. Therefore, companies are looking for different ways to relieve this situation by making their own brand or moving their companies to other lower-wage countries like Vietnam. Nowadays, businesses are highly competitive in every industry. Due to this problem, I would assume that companies are unable to increase the prices of their product because by raising prices there is a risk of losing customers.

As a consumer wanting to conserve my savings, this article strikes me as good change. With this new concept of  higher wage factory workers, I wouldn’t mind paying a little more! Additionally, if I were an employee in China, I would be grateful that China is undergoing a big improvement. With an income increases, poor living standards can be overcome. From another angle, China’s economy will be stimulated by the increased wages because when I earn more, I would obviously spend more.

 Factory worker in China

Feel free to read the article yourself~

http://www.nytimes.com/2010/09/16/business/global/16factory.html?pagewanted=2&_r=1&ref=business

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