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Seek an example of either a public or private organization involved in either a cross-national, trans-national, global strategic alliance or international joint venture and critique the company in terms of the success or failure of the relationship from - Essay Example

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Companies are forced to go global, that is operating in different parts of the world. In this case, companies have to deal with customers and…
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Seek an example of either a public or private organization involved in either a cross-national, trans-national, global strategic alliance or international joint venture and critique the company in terms of the success or failure of the relationship from
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Extract of sample "Seek an example of either a public or private organization involved in either a cross-national, trans-national, global strategic alliance or international joint venture and critique the company in terms of the success or failure of the relationship from"

Download file to see previous pages In addition, companies would do well in the competitive world if they are able to build collaborative relationships with other companies all over the world. This is not an easy task and as a result, the issue of cross culture comes in (Hofstede 2007).
Culture can be defined as the complex entire being of incorporating habits, capabilities, customs, morals, arts, beliefs, and knowledge acquired by members of a society. Cultural influences are related to other micro-environmental influences. Since cultural practices change with time, it is only possible to define culture as the beliefs and other practices in a certain community at a specific period in time. The culture of any society is learnt and highly influenced by educational, religious and historical factors (Silverthorne 2005).
In the business world, employees are being moved to different countries to work. It is not possible to work with employees if you do not understand their cultural practices. In addition, one has to understand the common language shared by those employees in a place. This way, one would not bring in conflicts in the workplace (Reuvid & Yong 2005). This is especially for those in the managerial position for they have to understand how the employees work.
A joint venture can be defined as a business involving parties who agree to come up with a new entity with new assets by making contribution of equity. The entity is developed with a set time period. The involved parties control the newly established enterprise and share assets, expenses and revenues. A joint venture can be formed for a single project or a number of projects depending on the agreement signed (Tjosvold & Leung 2003).
Joint venturing helps major corporations do business and be able to go global termed as diversification. Diversification in this case means dealing with different types of customers and businesses, and thus covering different parts of the world. Joint venturing yields the ...Download file to see next pagesRead More
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