Mini Case: Guanxi and Gift (Grown up in China‚ I will address this case with my personal experience) As a growing market‚ China becomes increasingly appealing to western companies. To many of them‚ China is a country that is fundamentally different than most countries of the world‚ such as culture and social norm. Notorious corruptions have tarnished its reputation for attracting potential investors and businesses‚ who have been struggling to adapt the unique way of running business in this
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Background PepsiCo is currently involved in 7 Joint ventures in People’s Republic of China (PRC) and is in the proposal process of investing into an equity joint venture in the city of Changchun.This proposal would be one of the first two green field equity joint venture with PepsiCo having control over both the board and day-today managmenet. PepsiCo uses capital budgeting tools such as NPV and IRR to systematically evaluate their investment project. Using this evaluation method Mr Hawaux‚ vice
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1. Joint venture between TCL and Alcatel In 2004‚ TCL Technology Holdings Limited‚ a multinational electronics conglomerate from Huizhou‚ China entered into a mobile phone manufacturing Joint Venture with Alcatel‚ a global corporation in telecommunication equipments‚ services and applications from Paris‚ France‚ in a bid to foray into the global market. The joint venture company - TCL and Alcatel Mobile Phones Ltd (TAMP) - managed research and development (R&D)‚ sales and distribution of mobile
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Angela Williams Professor‚ Dr. Louis C. Minifield April 25‚ 2011 Seminar Criminal Law and Procedure CJ 501 Double Jeopardy Double Jeopardy is a clause within the Fifth Amendment of the United States Constitution that prohibits an individual from being tried twice for the same criminal offense. If a person murders an individual‚ he or she can not be convicted twice of murder for the same offense. According the United States Constitution of the America‚ Amendment V (1791) clearly
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Joint Venture: Proportionate Consolidation Method & Equity Method Andrea Marciana B. Diwa Modadv1– K32 10926739 June 11‚ 2012 - Monday INTRODUCTION Joint venture is identified as a topic of study because of the massive rise in international joint ventures during the business globalization and because of the different joint venture accounting practices across countries. The increasing trend to produce financial statements which are free from errors and misstatements lead to the
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Brief Integrative Case 1 Cross-Cultural Conflicts in the Corning–Vitro Joint Venture Vitro is a Mexican glass manufacturer located in Monterrey‚ Mexico. Vitro’s product line concentrates on drinkware but includes dozens of products‚ from automobile windshields to washing machines. Vitro has a long history of successful joint ventures and is globally oriented. Corning Inc. is most famous for its oven-ready glassware; however‚ Corning has diversified into fiber optics‚ environmental products
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Do You Want People Who Have Committed Crimes To Roam the Streets of Our Free Society? Double Jeopardy Takes the Safety and Security that Our Government Promises Us Away. By allowing the double jeopardy rule‚ we are allowing‚ in some cases‚ people to "get away with it‚" as in‚ whatever they had done. You could argue that not all cases this happens‚ as a lot are innocent‚ but even if a few people were free after they had mass-murdered‚ then a lot of lives would be at stake. The reason that (most
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GUANXI AND ITS ROLE IN THE CHINESE BUSINESS ESTABLISHMENT AND WHAT THIS MEANS FOR NON-CHINESE BUSINESS PEOPLE IN CHINA Guanxi Guanxi is a Chinese term that literally means “relationships”. It stands for any type of relationship‚ whether it is a family relationship‚ or a relationship between friends. “Guanxi is the basic dynamic in personalized networks of influence‚ and is a central concept in Chinese society” (Wikipedia). The culture of guanxi is based on family‚ school‚ workplace‚ and
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Question1: Did Eli Lilly pursue the right strategy to enter the Indian market? In 1993 Eli Lilly‚ one of the leading pharmaceutical firms in the USA‚ started a joint venture in India with the leading Indian company Ranbaxy. The decision was dictated by the conditions of the US market and opportunities of the Indian market. Costlier manufacturing practices due to strict governmental control‚ soaring prices in 1990s‚ invasion of cheap generics to the USA market as opposed to low costs in India and
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multi-currency cash flows‚ currency risk and political risk being taken into account in our valuation model? 4. What is the relevant cost of capital for Jersey? For R.T. Nakit? Can they be different? Why? 5. What is the Dinar (Pound) value of the joint venture R.T. Nakit (jersey)? What are the project’s value drivers? 1- The data presented on exhibit 3.7 is‚ indeed following some of the assumptions stated on exhibit 3.1: minimum cash level is 10% of total assets‚ which was proved by dividing cash by
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