In the paper “Joint Ventures: BP and Rosneft” the author analyzes a business agreement in which the parties agree to develop, for a specific time, a new business venture and new assets by contributing capital. They exercise control over the initiative and thus share proceeds, losses and assets…
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He added that BP was not safe and that they would look for ways to harass it. Browder also criticized the BP head Bob Dudley for striking a deal in Russia, given that he disappeared in 2008 after a disagreement with the company’s oligarch partnership in the previous joint venture TNK-BP (Saloner, Shepard, & Podolny, 2001).Drivers for the Joint VentureThe expected regional position from this alliance is another reason I chose to evaluate this joint venture. The alliance will indisputably give way for more doors for BP, mostly within Russia, which is a key region in the oil and gas sector (Dess & Miller, 1993). The expected deal will permit one of the largest firms in the world to the experience it requires to break into the marketplace significantly and ensure its long time exploration of the widespread energy, and untapped hydrocarbon reserves that are therein. The deal strategically appears very positive for BP because it substitutes a private partner for a tactical national company that has bigger access to properties in Russia and has better political backing in this country.The two firms experience a mutual benefit from signing and completing the suggested deal. Rosneft stands to benefit a lot from the international trademark and presence of BP. It will definitely exploit its contributions to implementing more competent and innovative projects and raise its position as an oil and gas specialist (Hunger & Wheelen, 1996). BP has a huge supply of expertise in both engineering and technology.
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Furthermore, the reputation of General Electric as a good partner is justified and the advantages of this reputation for attainment the company’s business objectives discussed.
In the past General Electric
The classic and most-often cited definition states that a joint venture is an enterprise in which two or more separate firms or entities integrate their operations such that the following conditions are met: (1) the enterprise is under the joint control of parent entities, which are not under related control;
There are two reasons of introducing their products in other countries; one is to get a maximum benefit and second is to aid the people of those countries, who may be in need of it. Today, all countries want to take a great part in the competitive world market.
firms. A number of European firms rely profoundly on expatriates to run and management Global operations and they frequently have longer projects. Researchers have discussed that the basic guess associated with international staffing in U.S. MNEs only apply partly to Europe and propose caution regarding an trusting and original alteration of concepts derived in the North American context (Mayrhofer & Brewster, 1996).
In the case of software companies this trend is more pronounced as it involves skilled human capital which comes along with the acquisition. The proposal is seen to be, in the light of a business operation to be the most favorable method of expansion.
It has its own pitfalls and dangers, and if the analysis of the company and its financial health is not done in a proper context, far from becoming an asset the new merger can create a liability that will far exceed the cost of setting up a plant.
Since National Oil Companies and International Oil Companies are the primary controllers of the energy sector, Saudi Aramco and Shell entered into a strategic alliance to form Motiva. The Motiva Enterprise is strategic in nature, because it aims at providing mutual
The author states that effective management of the interests of the different merging parties should be actually studied to avoid chances of complications and strategy misalignment. Most importantly, the different interests of the partnering parties must be met so as to avoid interferences with the smooth running of the project.
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