Kuwaiti/Chinese Business Partnership - Term Paper Example

Comments (1) Cite this document
Kuwaiti/Chinese Business Partnership Name University I. Executive Summary This case talks about a proposed business venture between the Chinese conglomerate CITIC and the Kuwaiti conglomerate Al-Ghurair. The deal was being headed by Mr. Essa Al-Ghurair from the Kuwaiti end and by Mr…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Kuwaiti/Chinese Business Partnership
Read TextPreview

Extract of sample "Kuwaiti/Chinese Business Partnership"

Download file to see previous pages Sun and Mr. Wu were shocked and became a little hesitant to go ahead with the deal. There was too much at stake in this situation; their respective careers, CITIC’s business image in Kuwait and global and political pressures and implications. Mr. Essa Al-Ghurair tried to make amends so that the deal would still go through. He wrote a letter of explanation to CITIC and assured them that he was not personally responsible for his younger brother’s mistakes and neither was his organization. He claimed not to have any knowledge of the situation before it became public and requested CITIC to trust him and not let this incident taint his reputation or that of his organization. Mr. Sun and Mr. Wu were reassured to some degree but still faced some decisional conflict due to the fact that the Al-Ghurair brothers were very close to each other and it seemed unlikely that Mr. Essa Al-Ghurair would not have knowledge of his younger brother’s dealings on the stock market. Due the huge, political and economic implications of this project, Mr. Sun and Mr. Wu did not want to be hasty about the final decision on their side, because they would be to blame if anything went south. Weighing all the variables involved in this situation, it seems that the best course of action would be to go ahead with the partnership project between CITIC and Al-Ghurair, with minor amendments in the original agreement that favored CITIC if Mr. Essa Al-Ghurair was not able to fulfill his commitment through the duration of this project. However, all major stakeholders on the Chinese end must be fully notified of the possible implications of Mr. Essa Al-Ghurair’s younger brother’s stock market scandal and what they might mean for CITIC, politically and financially. It seems at the point of this decision however, that this project has huge potential to be a success and is too big an opportunity to just be let go of, thus, Mr. Sun and Mr. Wu should take this little risk in their stride in order to reap its immense benefits in the future. II. Statement of the Problem The proceedings for the real estate deal between Al-Ghurair and CITIC was going smoothly until Mr. Heshan Al-Ghurair’s stock market scandal became public knowledge. From CITIC’s end, Mr. Sun and Mr. who were once very enthusiastic for this deal to go through, became a little hesitant because it might end up blowing up in CITIC’s face and having severely negative repercussions both financially and politically. The basic problem faced by Mr. Sun and Mr. Wu was whether to go on with the agreement or to come to a halt in light of Mr. Heshan Al-Ghurair’s scandal and recent criminal charges. This was a big decision for them to make, laden with risk because this deal would be a milestone in the political history of Kuwait and China and financially as well, for both the parties. If they made the wrong move, a lot of people would be faced with unfavorable consequences, starting with their own selves in terms of career advancement. There was also the issue of the possibility of Mr. Essa Al-Ghurair being directly involved in the scandal or the chance of him being the main man behind the whole operation. This could be very detrimental for CITIC’s image and reputation in the market for signing a deal with a person or organization associated with or involved in a stock market scandal involving fraud and misrepresentation. Since CITIC is owned by the Chinese government, this would directly implicate them for dealings ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Kuwaiti/Chinese Business Partnership Term Paper”, n.d.)
Retrieved from https://studentshare.org/business/1401789-kuwaiti-chinese-business-partnership
(Kuwaiti/Chinese Business Partnership Term Paper)
“Kuwaiti/Chinese Business Partnership Term Paper”, n.d. https://studentshare.org/business/1401789-kuwaiti-chinese-business-partnership.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
damaris16 added comment 9 months ago
Student rated this paper as
The topic of "Kuwaiti/Chinese Business Partnership" was tough to find. I spent countless hours to find it. Here at StudentShare, I got the finest example. Many thanks!

CHECK THESE SAMPLES OF Kuwaiti/Chinese Business Partnership

GST style - partnership business

...GST Style – Partnership Business About Us GST Style, a partnership business, was introduced by the three friends namely as Glenn, Stacey and Thomas officially on 1st January 2012. The business deals in retail fashion based products, which mainly includes clothing, apparels, shoes and related products. Due to the sophisticated nature of the business, the business was opened in the form of retail outlet such that the only retail outlet of the business is situated in the well off shopping arena of Birmingham city, i.e. Bullring Shopping Centre. Bullring is mainly famous for providing the customers those...
10 Pages(2500 words)Assignment


...?Introduction John Lewis Partnership is one of the leading employees owned organization running different businesses including John Lewis Departmental store, Waitrose and Ocado. The overall business model of the firm is unique in the sense that it is owned by a trust on behalf of employees with employees working as partners with appropriate share in the profit of the firm. Profit to the employees is often paid as a contribution towards their salaries thus increasing their overall salaries and compensation. Founded in 1864, the firm, due to its democratic nature of policies and procedures soon started to distribute its profits to the employees and also started to make expansion into the...
20 Pages(5000 words)Essay

Business Proposal for a Partnership Firm

...? BUSINESS PROPOSAL Table of Contents Table of Contents 2 Management Summary 3 Organizational Structure and the Management Team 3 Management Team Gaps 3 Personnel Plan 4 Financial Analysis 5 Important Assumptions 5 Key Financial Indicators 6 Projected Profit and Loss Statement 6 Projected Cash Flow Statement 7 Projected Balance Sheet 7 Long-term Plan 8 References 9 Management Summary Organizational Structure and the Management Team About Millimeters which is supposed to be a partnership firm with three partners involved in it. They are, Luz Angela Lopez, Christopher Mong, and Johnathan Douglass. These three would be the owner of the company and would be responsible for managing the company as a whole....
4 Pages(1000 words)Assignment

Education Business Partnership

...Introduction Education Business Partnership is a household phenomenal in the London's Newham Borough. This resulted into the creation of the Newham EAZ, popularly known as the 4e Partnership. Created in 1999 following a successful bid led by the LEA. Twelve core partners, including Arthur Andersen Consulting, British Telecom, Bull Information Systems and Capita Business Services, together with 26 other partners, integrated to support the proposal. Burke J (1995) Partnership was introduced fundamentally for improving teaching and learning, using a competency-based development model; support for information and communication technology (ICT); improving...
20 Pages(5000 words)Essay

BUSINESS LAW undefined Coursework: General Partnership

...1- Define a general partnership; define a limited partnership. What are the principal differences between the two types of partnerships General partnership is a form of business structure where in the business is "owned jointly by two or more persons, called partners" (Anthony, Hawkins and Merchant 260). General partnership is more commonly known as simply partnership. In this form of business, the each of partners is "personally liable for all debts incurred by the business" (Anthony, Hawkins and Merchant 260). A limited partnership, on the other hand,...
3 Pages(750 words)Coursework

Chinese Business Culture

...Chinese Business Culture Many problems associated with the relationships between people of different cultures stem from variations in norms and values. Chinese business culture is unique taking its roots in the ethics of Chinese society: groups, education, hard work and commitment. Culture Culture can be explained as a way of living built up by a group of human beings and transmitted from one generation to another. For instance, Geert Hofstede defines culture as "the collective programming of the mind that distinguishes the members of one category of people from those of another" (Hofstede, Bond, 1988, p.5). Accordingly, business...
4 Pages(1000 words)Essay

Partnership Analysis

...Supplier Network Ford has focused on using the Internet IS, in this case the extranet, for strategic partnership with suppliers. Instead of building separate extranets for each supplier, a single point gateway for all suppliers to Ford has been built. This is called as a procurement portal. This type of portal automates the business processes that occur before, and after sales have been transacted between Ford and multiple suppliers. This procurement portal provides suppliers efficient tools for managing all phases of the distribution cycle, including dissemination of product information, purchase order processing, and customer service. This portal is called Ford Supplier Network (FSN; fsn.ford.com)....
6 Pages(1500 words)Essay

The main components Kuwaiti society

...The Main Components of Kuwaiti Society Following the discovery of oil, Kuwaiti society expanded to include several components. The ruling family is Kuwait’s main political and socio-economic institution, although generational change in the last decade has resulted in internal rivalries between them, which are expected to weaken their standing as the ruling class in the future (p.596). Another component includes expatriates, who have increasingly outnumbered national Kuwaitis since discovery of oil and neutrality during the Cold War drew in Syrians, Iraqis, Indians, and Palestinians. Moreover, increased need for labour with economic expansion and reconstruction after the Iraqi invasion...
2 Pages(500 words)Essay

Partnership taxation

...PARTNERSHIP TAXATION: Federal Taxation of Partnerships I (a). What are the tax consequences to A, B & C and the partnership from these contributions? Include in your response: Any income/loss recognition by partners and partnership What each partners outside basis will be and What the partnerships inside basis will be in each asset Answers A, B, C are of equal partnership in ABC. A Pays $50,000 cash, B pays equipment with a basis of $15,000 and a FMV of $30,000 and C pays land with a basis of $25,000 and a FMV of $35,000. Soon after contributions, Balance Sheet would display the following with an assumption that ABC has zero liabilities at the time it is formed: All Assets basis 90,000 dollars and it shows the contributed assets... in the...
1 Pages(250 words)Assignment

TPP-Pacific Trade Partnership and International Business

...TPP- Transpacific Trade Partnership and International Business Negotiations have been underway for several years for the formation of the Trans-Pacific Partnership (TPP). Transpacific Partnership aims at ratifying trade agreement that will link up to 12 countries mainly to make trade between those countries easier. Unlike many other trade agreements across the globe, TPP is of much interest because of its coverage as well as due to the presence of the United States of America as a partner during negotiations. The other reason is that as a trade agreement, it will overlap many other free trade agreements thus its effects on the economy will be greater than the ordinary...
18 Pages(4500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Kuwaiti/Chinese Business Partnership for FREE!

Contact Us