WYOFF AND CHINA-LUQUAN: NEGOTIATING A JOINT VENTURE(A) Introduction & Situation Analysis Joint ventures (JV) are a popular method of foreign market entry because they theoretically provide a way to join complementary skills and know-how‚ as well as a way for the foreign firm to gain an insider’s perspective on the foreign market. Since China began its market opening in 1978‚ joint ventures have been the most commonly used form of foreign direct investment (FDI)‚ with about 70% of FDI in China
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national culture and organization culture on the performance of Sino-foreign joint ventures‚ based on previous studies. 3.1.1. National culture Culture is regarded as a “system of shared values and beliefs” (Saloner‚ Shepard and Podolny 2001) that aims to solve problems that arise due to external adaption and internal adaptation of the organizations (Schein 1985). External adaptation is defining the strategy and main objectives of the organization‚ and understanding the opportunities and threats involved
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………………………………………………………………….…... 3 2. General overview of international joint ventures ……………………………... 4 2.1 Main classification of joint ventures ……………………………………. 5 2.2 Structure of joint venture entity ………………………………………..… 5 3. Advantages and disadvantages of international joint ventures …………….. 6 3.1 Advantages of IJV ……………………………………………………….... 7 3.2 Disadvantages of IJV ……………………………………………………... 8 4. Planning an international joint venture ………………………………………... 8 4.1 Preliminary investigation …………………………………………………
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Nora-Sakari: A Proposed Joint Venture In Malaysia Submission date: 03.03.2004 Nanyang Technological University CONTENTS: ___________________________________________________________________________ Introduction 1 Cultural differences 2 Relationship-Focus vs. Deal Focus 2 Formal vs. Informal 4 Time and Scheduling- Monochromic vs. Polychronic 5 Why Nora should contact Kuusisto in Helsinki. 6 Why shouldn’t Nora contact Kuusisto in Helsinki? 9 Conclusion 12 How to create a win-win situation
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to forming a joint venture in China focused on 3G‚ or more specifically‚ TD-SCDMA (time division-synchronous code division multiple access) and W-CDMA. The joint venture will focus on research and development‚ manufacturing and sales of 3G network systems. The JV will begin offering its first TD-SCDMA and W-CDMA systems next year under China Puritan’s Potevio label. The TD-SCDMA standard is being billed as a Chinese alternative to 3G. In addition to 3G services‚ the venture also will offer
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FDI is seen as a major contributor to global growth and development spreading the benefits of capital‚ technology‚ management expertise‚ jobs‚ and wealth to just about every corner of the world.” (Daniels‚ et al‚ 2009‚ p.189) It is because of Johnsco’s desire to expand into the international marketplace through investment in a electronics plant in Japan that I have carefully examined the issues John has brought to my attention and report on below relative to critical staffing issues being faced
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reproduced for the purposes of study only‚ and is in no way a condonement of the damage the tobacco is causing. Overview One of the most closely studied Chinese joint ventures is that involving Celanese Corporation of the United States‚ a producer of value-added industrial chemicals‚ and China National Tobacco Corporation (CNTC). The venture produces tow‚ the fluffy synthetic fiber in cigarette filters. In 1982‚ when CNTC decided to increase its production of filter cigarettes‚ it was on the lookout
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Joint Ventures A tool for growth during an economic downturn 2009 © 2009 KPMG International. KPMG International provides no client services and is a Swiss cooperative with which the independent member firms of the KPMG network are affiliated. 02 Joint Ventures Our focus on joint ventures Life is tough for businesses with expansion plans. The high leverage‚ liquidity and low funding costs that fueled growth may have stopped‚ but activist investors are still demanding increased shareholder
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Solving the Labor Dilemma in a Joint Venture in Japan 1. What steps can you suggest that might help John solve his labor problems for the new plant in Tokyo? First an International or Global Human Resources Manager should be hired since this person is familiar with operations in the United States and Japan. This executive will be knowledgeable of both countries (U.S. & Japans) education‚ economic‚ legal and political system and specially its socio-cultural environment and will be key player in
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In reviewing Case Study #2‚ Solving the Labor Dilemma in a Joint Venture in Japan‚ it appears John agreed to this joint venture of opening a manufacturing plant in Tokyo before researching all of his potential obstacles. John viewed this as a growth opportunity and now is faced with understanding the cultural and socioeconomic differences to make this venture a success. A plan can be researched and written‚ but it will take time working in the global environment to identify and assess cultural
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