Joint venturing additional strategy to improve company

This essay focuses on joint venturing as an additional strategy to improving a company profile and penetration into the market. It also discusses the pros and cons of a joint venture and further about the joint venture agreement that the partners agree to sign, its contents and requirements.

Introduction

Joint Ventures

The modern business world has to be perfect in its products and services. The combination of technology, use of a combination of trained personnel in a business and the culture of the organization determines the place of an organization in the business industry (Giora, 2006).

The world market is a hub which offers a dynamic environment where every company has to compete against the others for better sales, output and revenues. The strategies that the management endorses determine the overall company turnover. There is a variety of strategies that can be undertaken by an organization to improve the company’s profile for better penetration into the market, increase in the cost of output, and increase the revenues in the shortest time possible.

A successful business has its own determiners. There are tools or strategies that business managers and executives have to employ for the desired returns. There are additions that businesses opt to include for better performance and market breakthrough in the competitive business world. An example is the joint venture. It can either be a local joint venture or an international joint venture. It allows companies to collaborate and work together in pulling the resources for significant growth and development. It further helps the partners to exploit their capabilities jointly for the creation of an environment that is sustainable and competitive in the present global market (Arslan & Zhaohua, 2009).

A joint venture is a strategic tool that involves two or more groups especially those with a common business perspective and ideas that later form a business partnership (Scott, 2013). A joint venture can either be from two existing companies or two new companies that are entering the market. This is more common in the economies that are in transition like China that is attracting other investors that are foreigners (Eric, 2013). The best example of a worldwide known international joint venture is the one done by the Jaguar Land Rover Company in Britain that manufactures the luxurious vehicle with the Cherry Company of China that led to Euros 1.1billion investment (Angela, 2012).

Creation of a business joint venture has no much requirements and procedures. It only requires a joint agreement and some considerations for its creation. They are the responsibility of each partner in the entity, sharing of losses, profits and liabilities together with the proper terms and conditions that they should follow (Scott, 2013).

Some of the advantages that may accrue to both businesses are market sharing diversification of risks, resource sharing, increased technical expertise, access to bigger markets and more business channels, higher bidding power, increased profits and more competitive advantages (Business Gateway, 2013). The detailed information on joint venture advantages is further discussed the accrued advantages include.

  1. Market sharing advantage. The existing market is shared among the two business entities. This creates a wide market for the business and some of the advantages are the increase in the overall returns with reduced competition and the higher number of clients hence a higher purchasing power.
  2. Diversification of risks. This is also the same as minimizing of risks in the business. When the business makes a loss, it is shared among the two parties and therefore the impact and burden is reduced and the effect becomes less.
  3. Resource sharing between the businesses. The resources that every business has are merged together meaning that no more expenses are incurred and manufacturing process rate is increased and the cost is reduced during resource purchase.
  4. Increased technical skills and expertise. Each business has its own workforce and when their skills are brought together, the expertise of the company is upgraded, quality increased and stakeholders are attracted for share ownership in the company.
  5. Access to bigger market and creation of more business channels. The newly formed business entity has a wide access to the global market and more in a position to explore further markets.

 

The businesses have a higher bidding power in comparison to a single business entity.

  1. Increased profits. The overall profits increase automatically from the merge. This is because the quality increases, more output and revenues double up.
  2. There is increased competition advantage in the global market. The merged businesses stand a better chance of competing with other single entity businesses. This is because of the quality improvement, a better company profile, and a more proficient product look in the market.
  3. Asset sharing. The business assets increase the process of product manufacture and more products are produced with better output presentation. The more assets give the company a chance to compete with other businesses.(Business, 2013)

The joint venture has its drawbacks though not as many as the merits. They involve determining the capability and the capacity of a joint venture, how to attract and convince another business to enter into the agreement, cash management, and the management and division of responsibilities. (Minja, Kikwasi, Thwala,  2012)

 

Conclusion

Joint venture is a success and it has seen companies grow and become giants in the global market in the long run. With the example of Sony Ericson the Swedish and Japan joint venture (theguardian,  2011) it is of no doubt to say that venturing is not appropriate with its existence in the market for more than eight years since its formation back in the year 2001.

References

Theguardian, 2011.Sony takes full control of Sony Ericsson joint venture

available at

http://www.theguardian.com/technology/2011/oct/27/sony-takes-full-control-sonyericssonaccessed on 25 October 2013

Steven J., Geraldine J.&Wellington D., 2012. A Study of Joint Venture Formation between Construction Organizations in Tanzania available at http://epress.lib.uts.edu.au/journals/index.php/AJCEB-Conference…/3360.pdf‎

accessed on 25 October 2013

 

Business sales 2013Advantages and Disadvantages ofJoint Ventureavailable a

 

http://www.businessbrokeralberta.com/…/9/5/…/wp8-pros_and_cons_of_jv.pdf‎accessed on 25 October 2013

Business Gateway 2013Joint ventures and partnering

available at

http://www.bgateway.com/grow-improve/joint-ventures-and-business-partnering/joint-ventures-and-partnering/

Scott V.  2013The Benefits and Pitfalls of the Joint Ventureavailable at www.smf-cpa.com/PDFs/Client-Center/…/JointVenture_Derco.pdf‎accessed on 25 October 2013

Angela Monaghan 2012Jaguar Land Rover seals Chinese joint ventureavailable at

http://www.telegraph.co.uk/finance/newsbysector/transport/9684276/Jaguar-Land-Rover-seals-Chinese-joint-venture.html accessed on 25 October 2013

Eric W. 2013Organizational learning and unlearning: Transferring knowledge to

greenfield versus acquisition joint venturesavailable at

www2.warwick.ac.uk/fac/soc/wbs/conf/olkc/archive/oklc6/…/tsang.pdf‎accessed on 25 October 2013

 

Scott A. 2013What is a joint venture and how do they work?Available atcom/od/beyondstartup/a/jointventures.htm”>http://entrepreneurs.about.com/od/beyondstartup/a/jointventures.htm accessed on 25 October 2013

 

Arslan & Zhaohua 2009CORPORATE CULTURE IN AN INTERNATIONAL JOINT VENTUREAvailable at

http//:mdh.diva-portal.org/smash/get/diva2%3A224194/FULLTEXT01‎accessed on 25 October 2013

Giora A. 2006Difference in Organizational Culture and it Influence on the Performance of International Joint Ventures in Israel .Available atwww.iphd.ktk.pte.hu/files/tiny…/Giora%20Avny%20-%20tézisek.doc‎accessed on 25 October 2013

 

 

 


Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently
 

Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper