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Cultural Distance In International Ventures
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Book Synopsis Cultural Distance and the Performance of International Joint Venture by : Junaid Javaid
Download or read book Cultural Distance and the Performance of International Joint Venture written by Junaid Javaid and published by . This book was released on 2013-09 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2013 in the subject Business economics - Business Management, Corporate Governance, University of Bedfordshire, course: International Business & Management, language: English, abstract: In the Global Market, Internarional Joint Ventures (IJV) are becoming prevalent phenomeno and many multination companies have managed to experience considerable growth by making alliances (such as Joint Ventures). There are several factors which needed to be controlled carefully, otherwise it would be resulted in weaken the performance of the specified IJV. It has been estimated that about 37-70 percent of IJV are reported to experience the performance problems incurred due to the cultural differences and thus leaded the specified ventures towards the costly Culpan (2002) explained International Joint Venture (IJV) as the process which includes two or more companiess belong to different countries to collaborate together.The decision to decide wheather or not to make a joint ventures included four different stages (Initial, Formation, Operation & Outcome). There are two kinds of cultures which directly makes an impact on the Joint Venture. The first one is the organisational culture and the second type of culture is the national culture. Pothukuchi, et al. (2002) stated that the problem arises in IJV is because of significant Impact of the national culture upon the behavioral and management system which then directed towards conflicts. Same case is observed in the organisational culture as well where any differnece or dispute can cause conflict and also can destablise the Joint Venture's performance or progress. The case study of Sony Ericsson also fallows the same approach of the Joint Venture as it was collaboration between two multinational companies (Sony & Ericsson) who were coming together with intention of single corporate which could not be possible for both companies to accomplish on the individual basis. It has been found out that the organisati
Book Synopsis Cultural Distance in International Ventures by : Katiuscia Vaccarini
Download or read book Cultural Distance in International Ventures written by Katiuscia Vaccarini and published by Springer. This book was released on 2017-09-18 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses the concepts of both cultural and psychic distance to analyse managers’ perceptions in international business settings, with a specific focus on European and Chinese ventures in the green technology industry. The key concept of ‘distance’ refers to the variations of cultures, languages, business practices, policies and regulations that distinguish different countries. Offering empirical case studies and theoretical refinements on how scholars can conceptualise and operationalise the psychic distance construct, the authors provide a comprehensive examination of European foreign direct investment (FDI) to China and Chinese FDI to Europe. Contributing to the Marie Curie scheme, Partnering Opportunities between Europe and China in the Renewable Energy and Environmental iNdustries (POREEN), this book is an invaluable read for managers and practitioners.
Book Synopsis Cultural Distance and Cross Border Strategic Alliances by : Junaid Javaid
Download or read book Cultural Distance and Cross Border Strategic Alliances written by Junaid Javaid and published by GRIN Verlag. This book was released on 2013-09-12 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Business economics - Business Management, Corporate Governance, University of Bedfordshire, course: MSc International Business & Management, language: English, abstract: In the environment of Global Markets, the concept of International Joint Ventures (IJV) is appearing as a common phenomenon and there is a huge number of corporations who are successful in experiencing considerable growth and expansion through this strategic form of alliances. This report is made in accordance with context of cultural differences in an approach to investigate the phenomenon that to measure the degree of influence of cultural differences on the performance of International Joint Venture (IJV) at both context (National Level Culture & Organisational Level Culture). Cuplan (2002) described International Joint Venture as a process which involves the inclusion of two or more companies from different countries who come together on the single platform with the intension of contributing each other resources and capabilities in creating a separate Business Unit. The process involved in this strategic alliance can be evaluated and analysed through various ways but the best approach is Culpan (2002) approach, this approach viewed each stage from the context of decision making involved in it. From the perspective of this appropriate approach the process of International Joint Venture (IJV) is made up of four different phases (Initial, Formation, Operation and Outcome). The Joint Venture named Alcatel-TCL was also made with the intension of becoming Global Leader in the mobile handset manufacturing. The focus was more on the two aspects (Design and Technology). Moreover, the secondary focus was on the integration of four components (Development Targets, Management System, and Operational Decisions & Staff Treatment). But, after 8 months (17-May-2005) the Joint Ventured was dissolved and both companies had decided to carry on their operations on the Individual basis. Generally it has been realised that the cultural distance existed at the organisational level was the prominent cause of given Joint Venture dissolution. And within the organisational context, the difference existed among both companies in term of open vs. Closed system orientation was the only factor which made difficult for the Alcatel-TCL to sustain for a long period of time.
Book Synopsis Distance in International Business by : Alain Verbeke
Download or read book Distance in International Business written by Alain Verbeke and published by Emerald Group Publishing. This book was released on 2017-11-30 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twelfth volume in the Progress in International Business Research series presents extensive accounts of the contemporary scientific debate on how to assess the impacts of distance, both negative and positive ones, on the conduct of international business.
Book Synopsis Culture and International Business by : Kip Becker
Download or read book Culture and International Business written by Kip Becker and published by Routledge. This book was released on 2013-04-03 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management strategies to help you profit in the international realm! What is the most effective way to help an expatriate employee learn to function in the host country? How well do we understand the formation and performance of multinational alliances? Should you threaten to sue your Chinese distributor, or is friendliness a better tactic? These questions are among the issues tackled in Culture and International Business, a practical look at a complex topic. Increasingly, corporations and businesses are transnational or multinational in scope and culture in a way that was unimaginable a generation ago. Employees may be assigned to work overseas or deal with customers, suppliers, distributors, or factories across the globe. Even in domestic offices, employees from several different countries may work side by side. If you want your business to prosper in this new global economy, you must understand the effects of cultural differences on business practices or else risk making costly, potentially disastrous errors. Culture and International Business offers practical ideas and tested research on such vital topics of concern as: defining the moral, ethical, and legal implications of multicultural management attracting and retaining key personnel persuading employees in the host country to mentor an expatriate overcoming divisive cultural differences working within the guanxi relationship networks of China creating sustainable development strategies becoming aware of different attitudes toward change, gender, and risk-taking A genuinely multinational effort, the seven chapters of Culture and International Business were written by authors representing five nations on three continents. This important book is designed to help you understand a wide range of issues from several geographic areas that affect everyone doing business in the new global economy.
Book Synopsis International Joint Venture Mode Stability by : Michael Hunoldt
Download or read book International Joint Venture Mode Stability written by Michael Hunoldt and published by . This book was released on 2012 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Culture Factor written by Mark Neal and published by Springer. This book was released on 2016-07-27 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multinational companies have learnt through bitter experience that cultural differences can be very damaging in terms of bad communication, high staff turnover and low morale. In recent years research has shed light on the scale of the problem, and it is now widely recognised that cultural differences can severely undermine business performance. The Culture Factor examines why it is that cultural differences engender such difficulties and looks at the different kinds of cultural costs associated with international business. Through identifying the organisational processes that lead to classic 'cultural problems', the book shows in a practical way how businesses can manage cultural difference more effectively.
Book Synopsis Cultural Distance and the Performance of International Joint Venture by : Junaid Javaid
Download or read book Cultural Distance and the Performance of International Joint Venture written by Junaid Javaid and published by GRIN Verlag. This book was released on 2013-09-16 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2013 in the subject Business economics - Business Management, Corporate Governance, University of Bedfordshire, course: International Business & Management, language: English, abstract: In the Global Market, Internarional Joint Ventures (IJV) are becoming prevalent phenomeno and many multination companies have managed to experience considerable growth by making alliances (such as Joint Ventures). There are several factors which needed to be controlled carefully, otherwise it would be resulted in weaken the performance of the specified IJV. It has been estimated that about 37-70 percent of IJV are reported to experience the performance problems incurred due to the cultural differences and thus leaded the specified ventures towards the costly Culpan (2002) explained International Joint Venture (IJV) as the process which includes two or more companiess belong to different countries to collaborate together.The decision to decide wheather or not to make a joint ventures included four different stages (Initial, Formation, Operation & Outcome). There are two kinds of cultures which directly makes an impact on the Joint Venture. The first one is the organisational culture and the second type of culture is the national culture. Pothukuchi, et al. (2002) stated that the problem arises in IJV is because of significant Impact of the national culture upon the behavioral and management system which then directed towards conflicts. Same case is observed in the organisational culture as well where any differnece or dispute can cause conflict and also can destablise the Joint Venture’s performance or progress. The case study of Sony Ericsson also fallows the same approach of the Joint Venture as it was collaboration between two multinational companies (Sony & Ericsson) who were coming together with intention of single corporate which could not be possible for both companies to accomplish on the individual basis. It has been found out that the organisational cultural difference has negative impact on the performance of the International Joint Ventures (IJV). On the other hand, national cultural difference can pose either positive or negative impact but the intensity of that difference is not much aggressive. The emphasis of companies engaged in International Joint Venture on the factors which would be resulted in overcoming national cultural difference problems and also on developing the management which would be acceptable for both partners to adopt and implement could contribute extensively to the success of International Joint Ventures.
Download or read book Strategic Management (color) written by and published by . This book was released on 2020-08-18 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.
Book Synopsis The Cultural Dimension of Global Business (1-download) by : Gary Ferraro
Download or read book The Cultural Dimension of Global Business (1-download) written by Gary Ferraro and published by Routledge. This book was released on 2015-07-22 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates how the theories and insights of anthropology have positively influenced the conduct of global business and commerce, providing a foundation for understanding the impact of culture on global business, and global business on culture.
Book Synopsis Managing Cultural Differences by : Piero Morosini
Download or read book Managing Cultural Differences written by Piero Morosini and published by Emerald Group Pub Limited. This book was released on 1998 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Breakthrough findings and approaches on how to successfully execute global corporate alliances across cultural differences. Based on an innovative 5-year research at The Wharton School, combining academic rigor and the pragmatic insight from recognized industry leaders around the world.
Book Synopsis Managing Across Borders by : Christopher A. Bartlett
Download or read book Managing Across Borders written by Christopher A. Bartlett and published by Harvard Business Press. This book was released on 2002 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers insights into the management of companies operating in an international environment. This book describes the emergence of a revolutionary corporate form - the transnational - and reveals how the nature of the global competitive game has fundamentally changed.
Book Synopsis The Art of Doing Business Across Cultures by : Craig Storti
Download or read book The Art of Doing Business Across Cultures written by Craig Storti and published by Nicholas Brealey. This book was released on 2017-01-24 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: People in other cultures don't always think and act the way you do. If you try to do business your way in their culture, you will make mistakes. And mistakes have consequences. Some will be merely embarrassing, others will be deeply frustrating, and still others will cost you dearly. This book describes 50 common cultural mistakes made in business settings in the form of short (8-10 line) conversations and shows you, 1) that there's always a reason why people do the strange things they do, 2) the reason is almost never to upset you, and 3) there's always a way forward - The Fix. Craig Storti, a nationally known figure in the field of intercultural communications, and author of 7 books, presents and deconstructs conversations between Americans and citizens of 10 of the world's largest economies, the Arab Middle East, Brazil, China, England, France, Germany, India, Japan, Mexico, and Russia. He also provides five easily applicable steps to cultural competence - a framework readers can apply to identify cultural differences and communicate and act more effectively and appropriately. If you are an American doing business in any of the ten locations featured, if you come from one of these countries and work with Americans, or if you do business with any of these folks, this book will save you a great deal of confusion and frustration.
Book Synopsis The Regional Multinationals by : Alan M. Rugman
Download or read book The Regional Multinationals written by Alan M. Rugman and published by Cambridge University Press. This book was released on 2005-01-06 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although many firms label themselves 'global', very few can back this up with truly global sales and operations. In The Regional Multinationals Alan Rugman examines first-hand data from multinationals and finds that most multinationals are strongly regional, with international operations in their home regions of North America, the US or Asia. Only a tiny proportion of the world's top 500 companies actually sell the same product and deliver the same services around the world. Rugman exposes the facts behind the popular myths of doing business globally, explores a variety of regional models and offers an authoritative agenda for future business strategy. The Regional Multinationals is the essential resource for all academics and students in International Business, Organization and Strategic Management, as well as those with an interest in finding out how multinationals really work in practice and how future strategy must respond.
Book Synopsis Banking and Capital Markets by : Lloyd Patrick Blenman
Download or read book Banking and Capital Markets written by Lloyd Patrick Blenman and published by World Scientific. This book was released on 2010 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ch. 1. Value-at-risk disclosures and the implications on bank stakeholders / Jason Ball and Victor Fang -- ch. 2. Ex-ante versus ex-post regulation of bank capital / Arup Daripa and Simone Varotto -- ch. 3. Effects of international interbank loans on twin crises / Erhan Uluceviz and Levent Yildiran -- ch. 4. International transmission effects of volatility between financial markets in the G-7 since the introduction of the Euro / Lucia Morales -- ch. 5. Country-of-origin determinants of value creation in international joint ventures : a comparison of Hong Kong and U.S. investments in China / Usha R. Mittoo, Dennis Chung and Zhou Zhang -- ch. 6. Maturity transformation strategies and interest rate risk of financial institutions : evidence from the German market / Hendrik Scholz, Stephan Simon and Marco Wilkens -- ch. 7. Asymmetries in the market price of risk : evidence from Latin America / Gokce Soydemir, Rahul Verma and Jose Moreno -- ch. 8. Corporate governance institutions as signaling and commitment devices / Angelo Baglioni -- ch. 9. Managing the costs of issuing common equity : the role of registration choice / Jennifer E. Bethel and Laurie Krigman -- ch. 10. The impact of arrangers and buyout sponsors on loan pricing in LBOs : a cross border study / Kenneth Daniels and Irwin Morgan -- ch. 11. Ownership control and valuation changes for earning announcements around U.S. Cross-listings by Canadian firms / Lawrence Kryzanowski and Arturo Rubalcava -- ch. 12. Analysis of the investment potential and inflation-hedging ability of precious metals / James R. McCown and John R. Zimmerman -- ch. 13. Corporate governance and ownership structure in emerging markets : evidence from Latin America / Diego Cueto -- ch. 14. Asymmetric impact of news on stock return volatility / Joon-Young Song
Book Synopsis Cultural Distance and its Impact on Expatriation by : Nina Schwenniger
Download or read book Cultural Distance and its Impact on Expatriation written by Nina Schwenniger and published by GRIN Verlag. This book was released on 2015-06-10 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Economics - International Economic Relations, grade: 1,0, University of Paderborn (International Business Prof. Dr. Rüdiger Kabst), course: Exzellenzseminar Management, language: English, abstract: As the business world is becoming increasingly global, cultures of the world interconnect and hence cultural barriers present new challenges and opportunities. In the field of international business research cross-cultural analysis continuously gains in importance. Hofstede’s systematic study on cross-national cultures in the 1980s is considered one of the most influential contributions to cross-cultural research. Capturing several of Hofstede’s cultural dimensions, the project Global Leadership and Organizational Behavior Effectiveness (GLOBE) presents a more up-to-date research program dealing with the effects of cultures on organizational processes. Project GLOBE offers additional insights into the relationship between cultural distance and expatriate adjustment by introducing the dimensions Performance Orientation, Humane Orientation and Assertiveness. The GLOBE authors House et al. (2004) performed a large-scale cross-cultural study in 62 societies across the world during the 1990s. The methodological approach included a survey of approximately 17,000 middle managers. The results were published and edited by House et al. in 2004. The most salient finding was that there exist nine cultural dimensions. Moreover, the authors subdivided each of the dimensions into 2 facets: society as it is and society as it should be, meaning a description of some prevalent practices and personality traits in the society and a concept of an ideal society, according to the respondent.
Download or read book Beyond Hofstede written by Cheryl Nakata and published by Springer. This book was released on 2009-07-16 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hofstede introduced a culture paradigm that has been widely influential in international business. However, its relevance in light of culture's increasing complexity due to globalization has been questioned. Alternative culture frameworks and perspectives are offered by leading scholars in global marketing and management.
