International joint ventures (IJVs)‚ the second type of equity based cross-border alliance‚ have experienced tremendous growth during the last two decades as well. They will continue to represent a major means of global expansion for MNEs. In emerging economies such as China they represent the dominating operation mode for MNEs’ market entry. According to a well-known definition by Shenkar and Zeira an IJV
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International Joint Venture International Joint Ventures (IJVs) are becoming increasingly popular in the business world as they aid companies to form strategic alliances. These strategic alliances allow companies to gain competitive advantage through access to a partner’s resources‚ including markets‚ technologies‚ capital and people. International Joint Ventures are viewed as a practical vehicle for knowledge transfer‚ such as technology transfer‚ from multinational expertise to local companies
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int ventureThe current issue and full text archive of this journal is available at www.emeraldinsight.com/0951-3558.htm Successful joint venture partnerships: public-private partnerships Sue Trafford Liverpool City Council‚ Liverpool‚ UK‚ and Public-private partnerships 117 Tony Proctor Chester Business School‚ Chester University‚ Chester‚ UK Abstract Purpose – Seeks to examine important characteristics that go hand-in-hand with successful public-private partnerships. Design/methodology/approach
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21‚ 2014 Explain the advantages of Strategic Alliances and Joint Ventures A strategic alliance is a cooperative relationship among two or more firms to pursue a specific endeavor or set of objectives while remaining separate entities. These alliances may be either formal or informal which may involve a written contract. A joint venture is cooperative endeavor entered into by two or more business entities contributing equal equity to form a new legal entity. Some advantages are: to gain capabilities
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Dow Chemical Company entered into a Joint Venture with State of Kuwait run Petrochemical Industries Company ("PIC"). “PIC” is a wholly owned subsidiary of State owned Kuwait Petroleum Corporation ("KPC"). to launch K-Dow Petrochemicals‚ a planned joint venture. PIC was to have paid pay Dow $7.5 billion US dollars for its stake. The deal was approved by Kuwait’s Supreme Petroleum Council (SPC). The head of the SPC is the Prime Minister of Kuwait The venture was to manufacture and market polyethylene
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Mergers and Joint Ventures Learning Team “D” Rebecca Adams‚ Thomas Elwell‚ Cathy Jones and Christina Najar ECO/365 Principles of Microeconomics September 29‚ 2014 Instructor: Matthew Angner Mergers and Joint Ventures A company does not plan on merging with another company and although some mergers are voluntary other mergers are not. When a company is struggling‚ having financial difficulties and has used up all of its resources sometime it is in the best interest to merge. It is
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INTEGRATING CASE 1: Transition at Whirlpool Tatramat: From Joint Venture to Acquisition Global Business Management John Heina November 28‚ 2012 I. According to the definition‚ a Greenfield investment is a form of foreign direct investment in which a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up. With the addition of new facilities‚ most parent companies create new long-term jobs
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can shift its expansion strategy from joint ventures to mergers & acquisitions. This will help achieve management control that is currently struggling‚ but will be an expensive and time-intensive option. Second‚ to protect its core business and take advantage of innovation and new products‚ Komatsu could execute separate and different international strategies for its core business and its new business – acquisitions for its core business and joint ventures for its new business. This would
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Report on the ‘Sandford’ Joint Venture in East Timor Date: 30th September 2011 For: George Jackson From: Mizanur Rahman 1.0 Executive Summary Freemantle Construction operates in a domestic environment against ever increasing competition in a saturated market‚ trying to maintain market share during economic downturn. In contrast Sandford has a strong international presence in the hotel/leisure industry and is looking at diversification to improve their competitive advantage and compliment their
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------------------------------------------------- Topic: Joint-Venture – China – Wall Panelling Once a foreign investor is put into the mix‚ a wealth of legal‚ administrative or operational violations that a solely-owned Chinese firm may have been able to survive with‚ will most likely not be tolerated by the local authorities (Devonshire-Ellise & Hoffman‚ 2010; Norris‚ 2011). Therefore an array of legal and contractual issues may arise for which a foreign party should be prepared. Some of
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