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Making China Beautiful: Shiseido and the China Market

1. Teaching Objectives
To illustrate the origins and dynamics of global capitalism, the identification and
exploitation of global business opportunities over time, the business challenges
posed by “foreignness”, and how these challenges have changed over time.

2. Discussion Questions
A. What is a beauty product?
B. What are people buying?
C. What do you imagine were the obstacles to globalizing cosmetics in the
1960s?
D. Is Shiseido more or less “globalized” now than 30 years ago?
E. What strikes you as noteworthy about the international organization of
Shiseido?
F. Does anyone see a downside to betting the company’s future on China? What
are the risks in China?
G. What are the risks of being so focused on China that other corporate
problems are not addressed?

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