Business and Marketing

Posts Tagged ‘Asia’

Traditional markets are still commonly found in several regions in Asia, although there are still small numbers of market like this in Europe. This market is often described as a dump, not well maintained and unhygienic. When the market is overhauled for comfort then the merchants hawking wares alongside a road is that they can not afford stalls inside the market. The market looks increasingly shabby and the streets become jammed with traders who crowded the curb. It definitely makes the problem becomes more complex.

On the other hand, modern market grows so rapidly with the establishment of supermarkets and hypermarkets. Finally, the modern market becomes dominant in developing countries. The rise of modern markets in Asia is affecting the current retail trading system that is the shift in distribution patterns. Before the modern market dominates, retail trade is still using the old pattern of manufacturers, distributors, agents, and to the retailers who ultimately to consumers. Today, the distribution of retail trade is shorter, namely the producers, distributors who are also the agents as well as retailers and consumers.

So there are three distribution chains which are used to distribute products that are now managed by modern markets, such as Hypermarkets and Supermarkets. This clearly has implications for the growth in traditional markets either directly or indirectly. First, the traditional market has a weakness at the network where the distribution is quite long and not time-efficient. This implies that price competition is not balanced with the modern market.

Free Trade is one of the breakthroughs that are meant to penetrate the business in countries around the world. It has the effect for many countries in Asia which are mostly developing countries. These countries are still undergoing transition towards a modern life. But free trade has a negative effect in which many countries are still not ready to participate in it. They are still not able to sustain the economic condition so as not ready to face competition from other countries business. Therefore, fair trade is the solution to be a barrier to face the free trade.

The free trade has the potential unfair trade behavior. Therefore fair trade must be grown in the local business community in a country. Some components supporting fair trade, among others, are the wealth of culture, human resources, and institutions that oversee ethical business practices. The fair trade principles that need to be enforced are a fair wage, fair treatment of employees, gender, environment-friendly, consumer-friendly and improving skills of the labors. It should be done by growing the awareness with cultural approach in order to change the mentality of institutional culture and form a people power so that fair trade can be realized.

Institutions that oversee the business practices in accordance with the principles of free trade become an important instrument. The agency can deal with cases that touch the realm of the law but remain in the corridor right of consumers to become an effective instrument in the enforcement of fair trade. If the stakeholders synergize to implement fair trade, then a country in transition will be ready to face free trade.

Market in terms of economic theory is a situation where consumers, producers and traders make transactions after the two sides have taken a deal on the price of some goods with certain qualities that becomes the object of the transaction. They benefit from the transaction or the market. Then there are also the traditional market terms. This market is still using a conventional transaction system. The merchants and consumers can do bidding to obtain the desired goods. It is not found in the modern market where everything, especially price, is already fixed. However, traditional markets slowly start to disappear. Even in some countries in Europe, the traditional market is almost lost.

To that end, traditional markets must be maintained because of the many benefits that can be obtained from the existence of this market. Traditional markets have to be ‘rescued’ because they are full of social and cultural interaction. In fact, many researchers from Europe travel to countries in Asia as an effort to revive the traditional markets in their countries. Traditional markets have complex components. There are a blend of economy and culture in it. In addition to seeking profits by trading, people can meet their needs by shopping there. In addition, in traditional markets there is interaction between sellers and consumers. It also could lead to an atmosphere of friendliness, even giving rise to a communication between them.

For that, considering the many benefits of traditional markets, especially to eliminate the inherent nature of the individualist who started in the community, then the existence of this market should be maintained. The traders in traditional markets also have to actively maintain the market by participating in treating its infrastructure. Do not let the market become not attractive anymore because of the lack of regulation in it.

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Spatial policy of the city or town planning is one of the contributing factors in the development of property business to be better. The phenomenon that is happening now is a lack of synergy between spatial policy and urban planning with the implementation of business property. Some things happen in Asia where there are several developers who run a property business without considering the layout of the city. In addition, there are developers who have built the building but they have not secured a license to the principles that must be owned before the construction done.

Usually developers do that because the cost of raising the principle is high enough and to give the permit takes a relatively long time. It conflicts the developer’s deadline. In addition to the licensing control is less strict so that there is some housing development that is still running without the consent principle. With these phenomena, the effects of what happens are uncontrolled development in terms of housing facilities as well as environmental impacts that must be considered.

In the end, the arrangement the city would be difficult to formulate because the target of area designation is not in accordance with the original planning. The implication is happening on the business property that is less ethical to harm many people and can impact the long term with a very expensive recovery costs. Viewing the series of problems that arise in the field of property, it is important to bring together various parties who are expected to occur mutual understanding about the importance of business ethics enforcement in the field of property.