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.
Nobody downloaded yet

Joint venture success factors in the petroleum industry (management side) - Essay Example

Comments (0) Cite this document
11. SPSS Data Analysis The questionnaire forms have been filled by 72 Algerian managers and 30 foreign managers for the purpose of gaining their perspective in relation to identifying the key factors for the failure and success of international oil and gas joint ventures in Algeria in the light of their past and present experiences…
Download full paperFile format: .doc, available for editing
Polish This Essay94.3% of users find it useful
Joint venture success factors in the petroleum industry (management side)
Read TextPreview

Extract of sample
"Joint venture success factors in the petroleum industry (management side)"

Download file to see previous pages On the other hand, there were thirteen failure factors that gas and oil managers pointed out. The failure factors include; i. Selecting a suitable business partner. ii. Managerial teams having mixed abilities. iii. The company’s power of negotiation. iv. Gain of foreign technology v. Compatibility of each partners objectives vi. Having a clear understanding of the petroleum sector future dynamics vii. Gaining managerial expertise from foreign partners viii. Cooperation between supply and reinforcement. ix. Export development. x. Sharing risks and profits. xi. International marketing cooperation. xii. Joint venture agreement transparency. xiii. Powers for independent decision making. The success factors that were pointed out by the managers include; i. Corporate cultures importance ii. Production cooperation. iii. Solving of conflicts iv. Export development v. Domestic marketing cooperation. vi. Taking an equal responsibility in management vii. The willingness of the partners from Algeria to retain their stake as majority shareholders in the Joint Ventures. viii. Involvement of domestic partners in R & D. ix. International leasing eligibility. The data gathered from all the participants in the form of filled questionnaires were then arranged as tables in the SPSS data files in order to be analyzed through the SPSS processor. In total, four SPPSS data files or tables were composed, out of which one represented the Algerian Managers failure factors, one included the Algerian Managers success factors, one comprised of Foreign Managers failure factors and one consisted of Foreign Managers success factors. Each one of the 4 SPSS data files was analyzed by executing the descriptive analysis, t-test analysis and chi-square analysis with the help of the SPSS software. Subsequent to which, the output data that were generated for each table have been presented in the respective tables in the following sections. The SPSS processor also generated the histogram showing the distribution of each factor with respect to the normal-distribution-curve. The output data for each section will then be compared to develop the similarities and the differences in the perception of the Algerian managers to that of the foreign managers in relation to the success and failure factors of the international oil and gas joint ventures in Algeria both in the past and in the present. 11.1. Literature Review 11.1.1. Hypothesis Testing A hypothesis, in a research-study, can be defined as an expression that can be subjected to analysis. For answering a statistical question, the question is formulated in the form of a hypothesis. Then the hypothesis is accepted or rejected on the basis of the outcome of the analysis. The hypothesis that is being analyzed or tested is referred as the null hypothesis and is denoted by H0, which has to be a true or false statement. There is an alternative hypothesis denoted by HA for every null hypothesis. In this regard, the development and the assessment of the hypotheses is the most important task however the best way for the hypothesis-construction is not necessarily evident: Priority is given to the null hypothesis and it is accepted until some strong evidence is found or produced against it. If a hypothesis is simpler than the other one then it should be given priority in order to adopt a relatively 'simpler' theory unless adequate evidence is found ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Joint venture success factors in the petroleum industry (management Essay”, n.d.)
Joint venture success factors in the petroleum industry (management Essay. Retrieved from https://studentshare.org/management/1402728-joint-venture-success-factors-in-the-petroleum
(Joint Venture Success Factors in the Petroleum Industry (management Essay)
Joint Venture Success Factors in the Petroleum Industry (management Essay. https://studentshare.org/management/1402728-joint-venture-success-factors-in-the-petroleum.
“Joint Venture Success Factors in the Petroleum Industry (management Essay”, n.d. https://studentshare.org/management/1402728-joint-venture-success-factors-in-the-petroleum.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Risk management of petrochemical industry in Saudi Arabia
The industries of petrochemicals have the roles or producing chemicals by using raw materials such as oil and natural gas. The petrochemical industry of Saudi Arabia has a high relativity in the economy of Saudi Arabia (Cordesman and Obaid, 2004). The petrochemical industry in Saudi Arabia is the second largest industry in the country.
7 Pages(1750 words)Essay
International Joint Venture
ursue a specific objective in which they share revenues, expenses, assets, and management roles. International Joint Ventures (IJVs) involve individuals, companies, or firms from different countries forming a partnership. Globalisation has resulted in the need for collaboration of companies of different countries hence the emergence of multinational companies.
10 Pages(2500 words)Essay
International Joint Venture
A well clarified objective of purpose will place the International Joint Venture (IJV) in a powerful position. This will result to an efficient management structure that is characterized with accountability, responsibility, employees and organization structure modelling in the partner’s level.
16 Pages(4000 words)Essay
Strategy Development in the Global Oil, Gas and Petrochemical Industry
However, these companies also have their fair share of challenges and mistakes. These shall be examined under the following criteria; In Shell, Corporate Governance challenges have been the order of the day. This was seen through a number of issues. Some twenty years ago, Shell was highly centralised in its exploration and production divisions which are also known as upstream sectors but very decentralised in its trading, marketing, chemicals and refining divisions; which are known as the downstream segments.
15 Pages(3750 words)Essay
Associated and Joint Venture
A joint venture is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses and control of the enterprise. This is in contrast to a strategic alliance which involves no equity stake by the participants, and is a much less rigid arrangement.
15 Pages(3750 words)Essay
Joint Venture
It studies the similarities and differences in goals between the joint venture partners, the potential of the Chinese market and its incentives, as well as the hurdles the market presents to foreign investment in the form of present laws relating to joint ventures in People's Republic of China(PRC), the cultural barriers, the influence of the bureaucracy, of labour situations and so on.
12 Pages(3000 words)Assignment
Petroleum Resources and the Economy of Angola
It is true that in the case of the United States the minerals abundance has been a real blessing that has helped that nation to become a very powerful country. But in the case of certain African countries like Nigeria the petroleum abundance has proven to be a curse due to complex reasons.
28 Pages(7000 words)Essay
Joint venture
Small firms commonly get together to undertake the industrial goliaths. Similarly, large firms may develop coalition with nimbler and quicker smaller businesses. In such cases, small companies find the benefit of having association with the big names in the industry
1 Pages(250 words)Essay
Joint venture/partnership
In addition, the company performs other services such as close protection of commercial offices, security patrols, multi-family, CCTV monitoring, corporate facilities, and retailing. Subsequently, Syndicate Company offers security
2 Pages(500 words)Essay
Joint Venture
MGM Resorts International and Hakkasan Group today entered into a joint venture enterprise that deals with hotel management called MGM Hakkasan Hospitality.
1 Pages(250 words)Essay
Let us find you another Essay on topic Joint venture success factors in the petroleum industry (management side) for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us