reproduced for the purposes of study only‚ and is in no way a condonement of the damage the tobacco is causing. Overview One of the most closely studied Chinese joint ventures is that involving Celanese Corporation of the United States‚ a producer of value-added industrial chemicals‚ and China National Tobacco Corporation (CNTC). The venture produces tow‚ the fluffy synthetic fiber in cigarette filters. In 1982‚ when CNTC decided to increase its production of filter cigarettes‚ it was on the lookout
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3.1. IJV local environment This section discusses in detail the effect of national culture and organization culture on the performance of Sino-foreign joint ventures‚ based on previous studies. 3.1.1. National culture Culture is regarded as a “system of shared values and beliefs” (Saloner‚ Shepard and Podolny 2001) that aims to solve problems that arise due to external adaption and internal adaptation of the organizations (Schein 1985). External adaptation is defining the strategy and main objectives
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must reflect clearly the organization’s strategies regarding people‚ profit‚ and overall effectiveness”. (Ivancevich‚ 2010‚ p. 8) Johnsco’s staffing problems are a true indication that recruitment has not been a primary focus of the company in this venture and it is also apparent that not enough research had taken place prior to signing the agreement to expand overseas. “ The importance of recruiting‚ selection‚ training‚ developing‚ rewarding‚ compensating‚ and motivating the workforce is recognized
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Solving the Labor Dilemma in a Joint Venture in Japan 1. What steps can you suggest that might help John solve his labor problems for the new plant in Tokyo? First an International or Global Human Resources Manager should be hired since this person is familiar with operations in the United States and Japan. This executive will be knowledgeable of both countries (U.S. & Japans) education‚ economic‚ legal and political system and specially its socio-cultural environment and will be key player in
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AUTOLATINA: An International Partnership that ended up in a Divorce: Ford - Volkswagen Joint Venture in Brazil Autolatina‚ a joint venture of Ford and Volkswagen (VW)‚ was created in 1987 in Brazil. The partners created the new company in order to serve the highly protected car markets of Brazil and Argentina from within. In addition‚ their goal was to create a giant theoretically invincible in the Latin American market. The partners’ strategy was to share the risk of operating in a volatile market
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operations in its territory. The Joint Venture now is an important vehicle for foreign investors to obtain Chinese market sensitivity‚ capability‚ and experience. Second is the capital source control. The JV in China can borrow capital funds from banks outside China. Third is the company management method. The chairperson and deputy chairperson shall be selected by equity joint venture partners through consultation or election. And these two positions will be filled by different partners. Forth is that
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In reviewing Case Study #2‚ Solving the Labor Dilemma in a Joint Venture in Japan‚ it appears John agreed to this joint venture of opening a manufacturing plant in Tokyo before researching all of his potential obstacles. John viewed this as a growth opportunity and now is faced with understanding the cultural and socioeconomic differences to make this venture a success. A plan can be researched and written‚ but it will take time working in the global environment to identify and assess cultural
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company changes its name to Dell Inc. * 2004: Michael Dell announces he will step down as CEO but remain chairman. If you are using a screen reader‚ you may wish to switch to basic HTML for a better experience. | Top of Form * Why would a joint venture partner from a planned economy have difficulty understanding that the consumer is king or queen? Answer: Every economy has its own characteristics as both good and bad as well. In any economy‚ there are rules and regulations fortified in the manner
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Executive Summary Attaining global competence when entering into international joint ventures‚ in order to be successful‚ is dependent on developing a strategic approach to Human Resource Management (HRM) that ties to Business Strategies and to the overall Organization’s mission‚ vision‚ goals and objectives. Through problem analysis of this case‚ this paper will show evidence that international initiatives must be tailored to implement HR policies and practices that will complement the workforce
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Joint Ventures A tool for growth during an economic downturn 2009 © 2009 KPMG International. KPMG International provides no client services and is a Swiss cooperative with which the independent member firms of the KPMG network are affiliated. 02 Joint Ventures Our focus on joint ventures Life is tough for businesses with expansion plans. The high leverage‚ liquidity and low funding costs that fueled growth may have stopped‚ but activist investors are still demanding increased shareholder
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