Critically analyse the situation facing Lucky MT, drawing on your Essay

Critically analyse the situation facing Lucky MT, drawing on your learning across the entire module. What recommendations would - Essay Example At the same time, one of the owner partners is not comfortable with the joint venture while the other is very comfortable. These issues may be related to the formation of the joint venture and the subsequent launch. It seems that a lot of issues were not looked at well including Lack of proper organization, lack of good launch and operation strategy, lack of a good exit strategy, diverging interests in the joint venture and the increasing competition from other companies in the same field and in other regions. Lucky MT needs to revise its strategy and come up with a better organizational structure, improved outsourcing strategies, international cultural management skills and drafting policies and regulations to be followed by the partner companies, the management of the joint venture and the employees. Addressing these issues can assist in encouraging common goals between the partners which is critical in withstanding the current storm of issues and to get more customers to increase profitability and encourage better growth. This information also provides knowledge to other companies that may be thinking on the lines of establishing joint ventures in the future. Lucky MT overlooked many things which are discussed below and recommendations provided. Nature of Joint Venture Business While Lucky MT found it necessary to form joint venture, which is beneficial to the company in sharing capital expenditures and risks, the company did not do well in this department. Looking at the company, it was initially founded by two companies. Later, the two companies decided that the joint venture, Lucky MT gets to a joint venture with another company in Singapore to participate in the international market better and more easily while getting a competitive edge. However, the partners in the joint venture overlooked the consequences of getting into joint ventures with international companies. As the partners confirm, the involvement in many joint ventures decreased the profit sh are of each partner involved (Lucky MT document Pages 3). When looking to get into joint ventures, the partners should look for businesses that can generate enough profits for all the partners involved. However, this was not the case for the Lucky MT. The partners chose the Electronic Manufacturing Industry which is quite profitable. However, this industry is capital intensive and also very expensive to maintain. Basing on that the company is relatively small; it would be a challenge to maintain the business. At the same time, the returns from the industry were quite small compared with the investment made in the Joint Venture in Singapore. The returns of the company were 2.5 million dollars in the year 2000. Being an international joint venture with several partners, this is little profit and each of the partners gets a little share of the profit. An international venture would be expected to generate good profits for each partner to get good profits. However, a joint venture gener ating good profits has been just a pipe dream. According to Dennis Campbell and Antonida Netzer (2009), joint ventures take a long time before they become profitable. In addition, they also take longer to break even which may be a challenge to the partners of the venture. Top of Form Bottom of Form This discourages many of the joint venture partners as they expect profits when they get involved in the ventures. It is no wonder that Dennis

Chinese and Japanese societies Essay Example | Topics and Well Written Essays - 1000 words

Chinese and Japanese societies - Essay Example Furthermore, we face typical prewar circumstances, wherein the imperialist powers jockey for position prior to slugging it out. As the jockeying rise, strange efforts will be necessary to avert a third world war. Moreover, perhaps only rebellion in one bloc or another can change the largely balance in time to prevent harmony between these two countries (Doyle, 2002, pp. 480-1).. According to the expert analysis the old China was a storage bin case. No doubt, one require only look at the flaw of China when tackle by Japanese assault: a few 450 million people rich in capital, rich in history, rich in cultural custom, yet nonetheless so mired in semi feudal, semi majestic stagnation that they could not district off the assault of a nation of 70 million. Beyond the shadow had there been no rebellion in progress, had there been no socialist Party, no United Front, no Eighth Route Army public meeting the people for confrontation, China was enriched with cultural beliefs of independence and ceased, for an imprecise period, to function as a nation. Now take a look upon the cultural values of Japan before World War I, No doubt, Sino-Japanese dealings were at low regardless of signs of revival. A number of people claim that cultural miscommunication among the two countries and two peoples are causative to the failing relations. Moreover they had great respect for cultural festivals and religious events. Class System Lets take a look upon class system in both strongest powers in Asia, the original beginning of the Republic centered on the three principles of the People: patriotism, democratic system, and People's Livelihood. As the century wind down toward a surprise conclusion that leaves free enterprise in charge both East and West, China built-in, experts observe no cause to alter my mind. Furthermore, the communalist world outlook include the alternative that Marxists could fail, in practice, to create in this century better societies free of class utilization stable, creative, and above all democratic truly self-governing, not simply control capitalist power networks by means of self-governing trimmings. But obviously we have so far observer merely one early round in a long-drawn-out global disturbance. As long as private enterprise dominates the world. Beyond the shadow, once socialism takes root as a feasible option a crucial guide to social regeneration Now take a look upon the class system of Japan, in modern times the basis of war on a world level has always been imperialist competition. Now that the collective bloc has disintegrated, conflicts between competing imperialist powers will unavoidably come to the fore and control global relations, as they have so frequently in the history. Moreover, we face a classic prewar state of affairs, wherein the imperialist powers jockey for place prior to slugging it out in Japanese society's class system. Gender Perceptions No doubt, Japan have called "democratic," had as its conjugal objective the disintegrate of the feudal system, particularly the agrarian system, and as its global objective the release of China from imperialist interference and control. The ant feudal constituent