Dow Chemical Company entered into a Joint Venture with State of Kuwait run Petrochemical Industries Company ("PIC"). “PIC” is a wholly owned subsidiary of State owned Kuwait Petroleum Corporation ("KPC"). to launch K-Dow Petrochemicals‚ a planned joint venture. PIC was to have paid pay Dow $7.5 billion US dollars for its stake. The deal was approved by Kuwait’s Supreme Petroleum Council (SPC). The head of the SPC is the Prime Minister of Kuwait The venture was to manufacture and market polyethylene
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Introduction In the reading "A first time expatriates experience in a joint venture in China" we have come to understand the nature and structure of the joint venture between the U.S.A. and China and the role that James Randolf played to strengthen and maintain the international partnership. Controls Inc. was a subsidiary of the parent company Filtration Inc. and so was shielded from any outside competition. When Controls Inc. was given the charter to pursue its own business they realized
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A joint venture is a contractual agreement joining together two or more businesses in which each agrees to share profit‚ loss‚ and control in a specific enterprise. While a joint venture might seem similar to a partnership‚ there is one key difference that sets them apart. Members of a partnership have joined together to run a “business in common‚” while members of a joint venture have joined together for a particular purpose or project (Ward 1). The joint venture in our case is between Hangzhou
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like to use joint venture as their favorite entry mode due to its unique advantages‚ such as: directly access to the local partner’s knowledge‚ sharing development costs and risks. Meanwhile‚ it is important to figure out the factors that will cause failure of joint venture. Generally‚ 3 major factors: culture difference‚ poor leadership and insufficient planning which are all fatal to the operation of joint venture. Cultural differences have direct influences on international joint venture performance
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Petroecuador (Ecuador) and Sinopec (China) Oil Joint Venture Petroecuador and Sinopec agreed to create a Joint Venture that was supposed to be a big opportunity for both‚ the Latin American and the Asian country. These two companies are different in many ways‚ especially in the size of their profitability and technology development. Sinopec International Petroleum belongs to Sinopec Corp.‚ which is one of the largest integrated energy and chemical companies in China. It business mainly covers oil
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include new unrelated products or services. In this case products like Coke Diet‚ Juices‚ Vitamin water‚ etc. could be considered as centric diversification part. - Joint venture – a kind of strategy that occurs when two or more company form a temporary partnership for the purpose of capitalizing on some opportunity. Joint venture with Cadbury has been suggested in this part. - Conglomerate Diversification – include new unrelated products. Entering into snack business is an example of this strategy
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General Electric’s Joint Ventures General Electric (GE) formerly entered a foreign market by either acquiring an established firm or establishing a greenfield subsidiary (which is a wholly owned from ground up turnkey project). Joint ventures with a local company were almost never considered. The prevailing philosophy was that without full control‚ the company didn’t do the deal. However‚ times have changed. Since the early 2000s joint ventures have become one of the most powerful strategic tools
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Content 1. Introduction 2. Task A - Analysis Celanese AG (CE) Competitive Force Model – Porters Five Forces Value Chain Model Celanese centralised enterprise system to its business strategy Business Value 3. Task B - Systems Development Methodologies 4. Task C 5. Bibliography 1. Introduction Celanese AG is a global producer of value-added industrial chemicals. They are one of the leaders in their product areas; Celanese has the leading position in producing acetyl products
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leading suppliers of telecom solutions in Malaysia. The case involves a possible joint venture with Sakari‚ the leading manufacturer in Finland of mobile phones and telecom systems. There is a large potential in the future development of telecom facilities in Malaysia and the two enterprises have discussed a joint venture. Nora is a leading supplier of telecommunication services in Malaysia. They are looking for a Joint Venture to manufacture and commission digital switching exchanges to meet the needs
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mergers and joint ventures In recent years‚ the number of mergers and joint ventures has gone up. The fact is that many companies want to expand their business in order to get advantages such as increase in revenue‚ a cut in cost in general. However‚ the main reason for the integration of organisations is due to a competitive world that they must face. Unfortunately‚ the side effect is that many mergers and joint ventures often break up‚ and it is claimed that 40% of mergers and joint ventures fail. Therefore
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