ESSAY TOPIC (1) :A joint venture is affected by the cultural distance between two partners. In what ways are joint ventures and types of international collaboration affected by cultural differences? INDEX INTRODUCTION 2 What is culture? 2-3 The Cultural Orientation Model .4 The cultural Gap 5-6 Understanding Cultural Differences .6 The Challenge of Cultural Success
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Internationalization Process The Global Business Environment The World of International Trade Managing Export Operations Global Sourcing Strategy: R& D‚ Manufacturing‚ and Marketing Interfaces Licensing The Design and Management of International Joint Ventures International Strategy Formulation The Impact of Globalization on the Organization of Activities The Evolving Multinational The Global Manager Political Risk: Managing Government Intervention PART II: CASES ON INTERNATIONALIZATION (14)
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Legal Why joint R esearch indicates that almost 70% of all joint ventures fail. Joint ventures (or JVs)—whereby two or more parties combine their resources in a joint business undertaking—can be a great way for start-up and established companies alike to obtain needed money or expertise‚ introduce new products or services to an existing market or bring existing products and services to a new market. So why do these relationships have such an alarmingly high failure rate? And what can you do
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International Business Management What are the advantages and disadvantages of international strategic alliances? How to select partners for cooperation? An International strategic alliance is typically established when a company or establishment decides to edge into related business or new geographic market especially one where the government prohibits imports in order to protect domestic industries. There are a number of advantages and disadvantages pertaining to international strategic alliances
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MARTINEZ CONSTRUCTION COMPANY IN GERMANY 1. General presentation of the case study (Summary) Martinez Construction is a well-established construction company in Eastern Spain. Because of a recent decline in contracts in the Spain society‚ Martinez Construction Company needed to expand to international market in order to survive (expand and grow). After a survey in the international market‚ the newly
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return of investment of Shui Fabrics to 20% or better. III. ANALYSIS OF RELEVANT FACTS 1. Shui Fabrics is a 50-50 joint venture between the US textile manufacturer and the Chinese company. Engaging in strategic alliances and partnerships is currently the most popular type of direct investment like a joint venture. The venture is to produce‚ dye and coat fabric for sale to both Chinese and international sportswear manufacturer. 2. Using the Global Leadership
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2.As Zainal‚ what would you do to ensure that Nora fulfills the TMB contract? This case details the negotiations for a joint venture between Nora Holdings Sdn Bhd in Malaysia and Sakari Oy based in Finland. Nora is known in Malaysia as the leading telecom company and Sakari is known in Finland as a leading manufacturer of switching systems and cell phone sets. The venture would allow the new company to manufacture and commission digital switching exchanges in order to meet the needs of the telecom
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In today’s highly competitive world‚ where technological changes are occurring at a mind boggling pace‚ and locating production knows no boundaries‚ a country and its industry‚ which has not kept pace with the world cannot hope to survive. It is a well established fact‚ that a healthy industrial sector makes for a healthy financial sector‚ and unless‚ goods markets are healthy and vibrant‚ financial market cannot be the same. This holds for any country. Industrial units proven to be unable to
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objective -experienced partners in manufacturing and selling MEG -creating market leadership position -new business model with multiple sourcing positions in all region MEGlobal joint Venture with PIC and Dow‚ even though most joint ventures fail because of unclear objectives and cultural differences ‚ this joint venture was a success. Why it succeeded? -Dow owned assets in Canada that did not meet the company’s strategic priorities. -PIC owned only 1 asset and realized it was important to build
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international (Andrew H.‚ 2011). Wholly owned subsidiary‚ joint venture‚ franchising and so on are the different strategies for corporates choosing to expand. In 2000‚ Starbucks Coffee Company chose joint venture to corporate with Maxim Cater Limited to enter Hong Kong’s market. Two or more business pool their resources and expertise to achieve a particular goal‚ the risks and rewards of the enterprise are also shared is called “joint venture” (2011). For choosing this strategy‚ it can assist Starbucks
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