Sunday, January 26, 2020

Problems In Joint Ventures Commerce Essay

Problems In Joint Ventures Commerce Essay As the whole world is running in the race of globalisation, avoiding the concept of joint venture is not favoured by business world. Joint venture is the contribution of two or more organisation for achieving a particular goal. Working in joint venture at international level is not that easy because of cultural barriers. Hofstede (1993) believe that extend of business onto the worldwide step bring the concern of nationwide and area difference to the front. There is something in all countries called management, but its meaning differs to a larger or smaller extent from one country to another (Hofstede, 1993). In this report it is mentioned negative and positive views of joint venture in clothing sector. And also describe the solution and suggestions for a successful joint venture with the help of pest analysis. In joint ventures when a business enters into international market many factors comes up and it is necessary to remind these factors before starting any business internationally. The main factors are:- Cross-cultural awareness. Sound knowledge of political and legal system in other countries. Varied negotiation skills Multi-language skills Global strategic consciousness i.e. Early mapping of opportunities and threats involved This report also gives information about the different problems and issues which China zone can face in future in the developing of the business. With the help of Professor Geert Hofstede the 5d model of cultural dimension is also mention in this report. And with these help China Zone can think and take proper decision in joint venture and also in the future. TERMS OF REFERENCES As a business consultant in Radhe Consultancy our firm provides services from the last 25 yrs to the clients who are looking for joint ventures in different fields like trade, industry, services, manufacturing, distributorship, housing, hotels, hospitals, amusement parks, HR and any other viable venture. My office is Located in California, USA. This is easily access by all transports. Our clients are in all over the world. Our main market is Africa, Middle East, Asia, Europe and China. And my client is a China company :- China Zone Established in 1999, manufacturer and exporter design development and production of wool clothing located in china main land with convenient transportation access. All of the company products comply with international quality standard and are greatly appreciated in a variety of different market through out the world. Have over 800 employees, boast an annual sales figure that exceeds US 10000000 $ and currently export 85% of our products to worldwide places. Our well equipped facilities and excellent quality throughout all stages of production enable us to guarantee total customer satisfaction. China Zone is a big manufacturing and export house in china but now China Zone wants to enter in United States to expand his business and also in USA there are many big opportunities for the growth of the business. With the reference of his business partner he selects our consultancy to know more about the country in which they want to invest. OVERVIEW OF THE SITUATION In joint ventures mainly two or more companies are involved and shared their resources, rewards and risks and other following points which are clearly mentioned in agreement. The reason why joint ventures are necessary is:- Business expansion Development of new products or moving into new market Particularly overseas Also there are many other problems are there when anyone want to do business internationally. Legal problems Cultural aspects To describe the differences between United States and china we take Hofstede five cultural dimension. Data Source http://www.geert-hofstede.com/hofstede_dimensions.php Hofstede defines culture as a Collective programming of the mind, which distinguishes the members of one category of people from another (Hofstede, 1980). After comparing Chinese and western countries there are some conclusion is shown :- (data source: Hofstede, 1991) First, western countries give the impression to be on average lesser (United States of America 40, Canada 39, United Kingdom 35, Germany 35, and France 68 than China 80 in power distance. Second, in individualism, western countries are normally much higher (United States of America 91, Canada 80, United Kingdom 89, Germany 67, and France 71 than China 20. Third, western countries look like to have interim oriented at the same time as China is judge towards be present as long-term orient. Western countries, America are repeatedly investigated in cross-cultural study, because of economic power, and civilizing representativeness. In short we can say that the United States is indicating the so called western culture in between USA and China seems to be help and clarify all the civilizing differences. Data Source http://www.geert-hofstede.com/hofstede_dimensions.php Data Source -http://www.geert-hofstede.com/hofstede_dimensions.php USA and China has been significantly differ as their financial system, political systems, societal values and law in spite of the significant changes that have done for the current duration of years in China. The civilizing measurement score of USA and China (data source: Hofstede, 1993). There are some differences that can be found. First, power distance, the China is scoring twice comparative to USA, this shows that China is centralised while USA is relatively decentralised. Second, USA shows the 1st rank in individualism and other side China is showing low score in individualism. Thirdly, USA scores higher than China in masculinity, its mean that USA has average masculinity whereas China is showing medium femininity. Fourth, China scores higher values in uncertainty avoidance than USA, which indicates that Chinese are moderately risk-avoiding but at the same time Americans are quite risk-taking. And also USA has an interim orientation while China has a long-standing orientation. It has been broadly accepted by all that cultural differences deeply affect human behaviour and thinking. Geert Hofstede shows that only seven countries having the highest Individualism (IDV):- USA 91, Australia 90, United Kingdom 89, Netherland and Canada 80, and Italy 76. Types of Joint Venture There are basically two types of joint ventures mentioned below:- First option is to be in agreement to collaborate with another company in a partial and particular way. Secondly is to plan another joint venture dealing probably a new company, for handling a particular contract. Joint Venture Benefits and Risks A small business can also use joint venture for increasing long term relationship. A successful joint venture can provide: Right of entry to new markets and circulation network Better capacity Contribution of risks Entrance to bigger resources, which can include particular staff, skill and finance The Risks of Joint Ventures To make the right relationship and to do business with others probably many problems are arise if:- The main prospect of the joint venture is not clear and discussed with everyone who is involved. All the partners have their own opinion for the joint venture. Difference in the level of sharing like assets, investments and other things which are bringing by all the partners into joint venture. Belongs to different cultures and handling the different management can show the non co-operation. In the joint ventures the partners are not interested to give full support and control. A successful joint venture can depend upon the investigation and achievement thorough examine and learning of the objectives and main aim of the venture. Choosing the Right Joint Venture Partner Success of any business depends on taking right decision. Same happens with joint venture, success depends on some important points like with which you are going to deal with, what are the goals of joint-venture, other party is financially strong or not, what are their resources, etc. Joint-venture in which two organizations are merged for achieving some particular objectives and before choosing a partner every organization must see that the other party is capable of bearing expenses and losses at some extent or they are on whom you can trust, same objectives are shared, credit ability of both, resources, etc. these are pointed below- Financial position Credit ability Availability of resources Shared objectives The suitable partner in joint venture is the partner who has its own resources, asset etc. For better starting it is understood to choose the convenience of customers and suppliers. In this the company must have also think about the existing competitors and other associates. But company have to review the following: Client can choose his partner according to their performance, reputation and reliability. He has also to access their attitude to group efforts or association and what are their business objectives. Partner should be financially safe and sound. Identify that have they other business partners and what type of relationship do they have with them. You should also recognise customers view about your partner and how strong is their management. Legal analysis of the International Joint Venture There are also some Americans legal issues which are also essential after analyzing the other business and other issues. Controls on Export Antitrust laws of United States parliamentary reporting needs of United States overseas barrier to Americans venture Accounts and Taxes issues To create a lawful composition Recruitment Credentials of the global Joint Venture ANALYSIS OF THE SITUATION PEST ANALYSIS Pest means:- The pest analysis is a wonderful tool for understanding the position, growth as well as direction of the business. It can be used for marketing and business development. Political factors Immigration control Govt. Rules and regulations for NRI Economical factors Low inflation and unemployment Very high spending in government. Very much concentration about the growth of economy Social factors Variety of religions Mixtures of Indians, British and many other countries Equality in mens and womens. Technological factors Many ISP and airports available. International and national lines are good. A couple of TVs stations. Political factor: Political factor is a big issue for regulating the business. There are many factors like stability of political environment, government policies and tax laws, government policies which come under economy, culture and religion, trading agreements for e.g. Nafta, EU etc. Economical factors: There are some factors are there when anybody is planning to start business internationally:- Inflation level Rate of interest Gdp growth rate Gdp Growth Rate Gdp is an essential part of the UK national accounts which can provides concise explanation of the total economic activities in a county. Presently 3% is the Gdp growth rate because of the economic crisis and excluding this development of the world economy, UK is also representing positive numbers of 10 (Data Source http://www.statistics.gov.uk/CCI/nugget.asp?ID=56 ) Social factors: These factors vary from one country to another country. And it is useful to take these factors. These are:- Religion, foreign products and services, language impact, mens and womens roles in society, stability of population and wealth about older generation, opinion about green issues from young generation. Technological factor: Everyone knows that if technological factors are strong than its a strong tool is there with any country for globalization. There are also some points which can be considered:- Does technology allows for products and services to make more cheaply and to a better standard of quality. Do the technologies offer consumers and business more innovative product and services such as internet banking, mobile services, etc? How is distribution changed by new technologies? E.g. Books and Flight tickets purchases via the internet. Does technology offer companies a new way to communicate with consumers e.g. banners, CRM (customer relationship management). SOLUTIONS AND RECOMMENDATIONS In overseas market the most common and favorable way to do business is joint venture. Also we can say that the perfect source for growing in international market is joint venture. There are many problems comes there which are already discussed above like political, economical, technical, environmental, cultural, legal, and many more. It is the best option before entering in foreign countries to do business is to go through these issues because either these factors can affect the company in the future. According to pest analysis and also there are some other solutions are available which are given below. :- To finding appropriate market. Prelaunch studies Lack of infrastructure Management Customs and taxation policies Credits and capitals Markets Comfort with agreements Choosing a reliable partner Interest in community In terms of to finding a suitable market If you are thinking about to business in overseas then u have firstly to choose the market where from the long term the growth rate is growing or high. Also examine the rate of interest, market demand/supplies and inflation rate. In this prelaunch survey or study It is very much important to do this before thinking a business in overseas because its gave information about the market, political factors, economical factors, legal issues, technology and much more. And after taking this survey u can examine that the market chosen by you is favorable for you in the future or not. Lack of infrastructure Includes the advantages of technologies and environmental issues like pollution, transportation. Because if the transportation is not available nearby than its a big problem for doing business globally. Management A success is depends upon that how is your management works. And it is recommended that before entering into a joint venture just meet the management peoples and assure that the company has its own sufficient management force. Customs and taxation policies Before entering into joint venture its also important to check the taxation and customs policies and after that compare its with the profit margins. Capital and credit Before entering into joint venture or to do business internationally evaluation of the sources which already have and the required capital which we have required to the growth of business in the future and then compare the costs and returns Comfort with agreement While entering in the joint ventures it is important to check the contract because it is better to explain everything in the contract so after that everyone knows there responsibilities and not a single misunderstanding happen. Suitable and reliable partner In the selection or choosing a partner just remember that the partner is reliable and having good image in the market and already have some future plans for the growth of the company. Interest in community Means that the both partners should have responsible and these all responsibilities are written in joint ventures. FORECAST AND OUTCOMES It is analyzed that the joint ventures between China Zone and Radhe Consultancy there are some data is suggested before regarding many futures aspects which are beneficial in Joint Venture In this paper it is mentioned the purpose which is required for joint ventures internationally. Also suggest the recommendation of PEST analysis and Hofstede five dimension theories. In this the main aspects is culture as well as economic conditions. After describing this it is assumed that this joint venture will be going on accurately right because the capital of the company is good and having good management. With the Joint Ventures of companies and as per the Solutions and suggestion and Pest analysis and other factors that are given in this report it is assumed that the Chinese company will achieve its expected growth and work smoothly in the future as it wants with the USA based company. Now a day there are many businesses and account related reasons for entering in joint ventures. In this partnership both partners have ability and resources like distributor, technology, finance, man force, management which makes a strong venture. In a joint venture two or more parties are engaged to do business for a specific project. And in a partnership partners are involved to do a continuous business or long term relationship. In this case study there are a Chinese company which wants to establish its business in USA. And it has identified with the help of Hofstede and PEST analysis which problems are there for entering and doing business in USA for a Chinese company. After discussing the problems of joint venture at international level, solutions and recommendations are also given.

Saturday, January 18, 2020

Commercial banks Essay

ABSTRACT This report is based on corporate social responsibility. This project report contains the meaning of CSR which includes the advantage of CSR towards bank, society, responsibility of corporate houses, objective of CSR, motive of CSR, responsibility towards customer. This document is all about multidimensional growth of customers for which the bank liable for their service selling. This process leads to upliftment of people life. The banks are not bind to do so but the do these kind of activities for creating a goodwill sense among their customer which leads to growth in lifestyle of the overall society. This gives better environment to the society in which the bank is working. Hence, the present study titled â€Å"A STUDY ON EFFECTIVENESS OF CORPORATE SOCIAL RESPONSIBILITY TOWARDS CUSTOMERS OF COMMERCIAL BANKS IN MADURAI†, has assumed greater significance. INTRODUCTION Corporate social responsibility ( CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulation mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with aim to embrace responsibility for the banks actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. STATEMENT OF THE PROBLEM Banks play an active role for the economic development of any country. In a present competitive environment bank needs to retain its customer for effective development in any sector. Hence there arises need for corporate social responsibility then only it will leads to development of society as well as growth in bank sector. The present study aims to know the effectiveness of CSR in commercial banks with special reference to Madurai. In this context following questions arises. To measure the level of social obligation To measure the level of effectiveness of corporate social responsibility towards customers of commercial banks. OBJECTIVES OF THE STUDY: To study the effectiveness of corporate social responsibility towards customers of commercial banks. METHODOLOGY The present study is an empirical one based on the survey method. First hand data was collected from the field through interview schedule. Data relating to various customers of commercial banks in Madurai was gathered through interview schedule. The schedule structured was extensively pretested. The survey envisaged the application of convenience sampling. Thus a sample of 300 respondents was decided upon nature of the commercial banks in Madurai. The survey was conducted during 2012-2013 in commercial banks from state Bank of India, Indian bank, Canara Bank, Karurvysya bank, HDFC bank, Axis bank, ICICI bank in Madurai. ANALYSIS & INTERPRETATION GARRET RANKING Garret Ranking is used to find out the ranking for respondents opinion towards the enhancing customer value for public sector, private sector, and New generation banks. Step I:  Ranking given by respondents opinion on enhancing customer value TABLE 1 RANKING OF RESPONDENTS opinion towards enhancing customer value. S.No.AttributesRankTotal 12345 1.Sharing bank details1866231129300 2.Comfortable0120524880300 3.Time management00018282300 4.Man management1515765270300 5.Filling forms22120539213300 Source: Primary Data Step II : The assigned ranks by the respondents were converted into percent position value by the formula given below. For each percent position, Using Garrett’s table, corresponding Garrett’s table value is obtained. Formula Per cent Position = 100 (Rij – 0.5) / Nj Rij = Rank given for the ith variable by the jth respondent Nj = Number of variables ranked by the jth respondent. GARRETT’S TABLE VALUE RanksCalculationPercentageGarrett’s Table Value I Rank=100*(1-0.5)/5= 10= 75 II Rank=100*(2-0.5)/5= 30= 60 III Rank=100*(3-0.5)/5= 50= 50 IV Rank=100*(4-0.5)/5= 70= 40 V Rank=100*(5-0.5)/5= 90= 25 Source: Computed data. Step III: Scores are obtained with reference to Garrett’s Table value, and each percentage position value is converted into scores. Here each aggregated ranks are multiplied with corresponding the Garrett’s value obtained in the table. AGGREGATED RANKS Sl. No.AttributesRank 12345 1.Sharing bank details1395037201550840225 2.Comfortable07200260033602000 3.Time management00012607050 4.Man management113253420325018900 5.Filling forms1650720026506440325 Source: Computed data. Step IV: Summation of the scores is worked out for each rank column and means scores calculated by dividing the total score by the number of respondents. Finally, overall ranking is obtained by assigning ranks 1, 2, 3 †¦ in the descending order of mean score. OVERALL RANKING for respondents opinion on enhancing customer value S. No.ReasonTotal ScoreAverageRank 1.Sharing bank details2028567.6I 2.Comfortable1526050.53IV 3.Time management831027.7V 4.Man management1988566.28II 5.Filling forms1826560.89III INFERENCE It is observed from the table Sharing bank details† has been ranked as the first for the Man management has been ranked second, Filling forms third position, followed by Comfortable in fourth rank with Time management ranked as the fifth that influences the respondents opinion on enhancing customer value the in bank’s CONCLUSION Although creating customer satisfaction is not a prime motivation for instituting corporate social Responsibility programs , research linking CSR strategies with positive customer outcomes, such as loyalty, has led to the expectation that these strategies generally have positive flow-on effects for customers. Banking industry surveys have led to the identification of a mismatch between consumer satisfaction levels and massive spending on CSR programs. Further research is warranted. In view of research suggesting that retail banking customers prefer initiatives that create direct customer benefits compared to those that have broader social impacts. To conclude the CSR activities in all the three study banks are not effective. It is proper time on their to promote CSR related activities.

Friday, January 10, 2020

Shortcuts to Research Letter Only the Pros Know About

Shortcuts to Research Letter Only the Pros Know About What You Need to Know About Research Letter We think that the initial two story lines are just erroneous. As unrealistic as it may sound, Samuel isn't alone in this battle. If you're writing several letters for the exact candidates, check your last copies to be certain that the letter references correspond to the fellowship. Your cover letter ought to be written in the identical standard format for a business cover letter. Based on the institution, faculty members may come a wide selection of backgrounds, therefore it's most effective to compose the materials for educated non-experts. If you're writing a letter for over 1 applicant for the very same fellowships, bear in mind that committees will look to find out which student seems to be favored. Describe precisely what subjects can anticipate. Even today, a number of the materials developed in India cannot be replicated by modern science. The outcomes of my study is forecast to help you zero in on aspects that ought to reinforced or modified to provide much better service to the community your institution a part of. Follow-up such as questionnaires which are part of the research cannot be forced upon subjects who want to withdraw. Explain what is going to happen during the study and the way the study will do the job. RISKS This study involves these risks. Understand the application materials You have identified the kind of faculty position you'd love to apply to and you're ready to begin applying to faculty positions. The exceptional patient number is only going to be employed to access the appropriate record and help out with compiling the abstracted info. It's also important to make certain you have all of the correct and total details. If you're interested in a research package please get in touch with us and we'll reach out to you about collecting the proper particulars and arranging payment. The Lost Secr et of Research Letter These reference forms ask a string of questions regarding the applicant's capacity to teach English abroad. If you need more clarification, please don't hesitate to call me at 09271234567. No information needs to be reported in the abstract that doesn't show up in the text of the manuscript. Information on how best to request permission can normally be found on the site of each publisher. If your manuscript is thought to be a clinical trial but has not yet been registered, it's not going to be considered for publication in the journal. The editors aren't going to discuss a determination about a manuscript over the telephone. The author may also provide reviewers to exclude from the review approach. The Argument About Research Letter A very good competitive analysis lets you know about the competition and why your clients go to them instead of you. Money is a huge factor. however, it intersects with different things, such as time. In plain words, it is going to be much easier to earn money in the precious metals over the upcoming several years than in real estate. If you have sufficient money, you can purchase your way out of a few of those restraints. Let's get this from the way first. Then an alternate strategy, like your own personal story, might be a good tactic. Your son or daughter can stop participating at any moment. To be profitable, it requires th inking about the huge picture. There's no charge for colour in the on-line version of a post. Micrographs should have a scale bar of appropriate dimensions, e.g. 1 m. Characters should appear since they would be set in the primary body of the post. In case you have any questions before that moment, please feel free to get in touch with me. Or you merely have an intriguing question about someone's latest outcomes. Three participants refused to give information regarding their earnings or spending. Money is a very big portion of it but even money isn't the only aspect. There might also be other risks which we cannot predict. It should have the ability to stand alone.

Thursday, January 2, 2020

Italian Idioms and Sayings Using the Verb Fare

If essere is the Swiss army knife of verbs, then fare is the all-in-one, handy-dandy kitchen appliance. The verb fare expresses the basic idea of doing or making, as in fare gli esercizi (to do the exercises) and fare il letto (to make the bed), but it is also used in many idioms. Note that the infinitive fare is frequently abbreviated to far before a consonant. For example, you may say far colazione, far male, far torto. Fare is also used in many expressions relating to the weather (note that in the following translations, it is an impersonal subject and does not have an equivalent in Italian): Che tempo fa? (How is the weather?)Fa bel tempo. (The weather is nice.)Fa cattivo tempo. (The weather is bad.)Ha fatto caldo. (It has been warm.)Qui fa sempre freddo. (Its always cold here.)In primavera fa sempre fresco. (In spring its always cool.) Besides idiomatic expressions, and expressions relating to the weather, the verb fare is used in a number of proverbs: Fare e disfare à ¨ tuttun lavorare. (Its all go, its a hard life.)Chi la fa laspetti. (You will get as good as you gave.)Chi fa da sà © fa per tre. (If you want something done, do it yourself.)Non fare agli altri cià ² che non vorresti fosse fatto a te. (Do as you would be done by.)Tutto fa brodo. (Every little bit helps.)Chi non sa fare, non sa comandare. (A bad worker is a bad master.) Idiomatic Expressions with Fare   fare i compiti to do ones homework fare il biglietto to purchase a ticket fare la fila / la coda stand on line / wait on line fare la spesa to go grocery shopping fare le spese to go shopping fare forca to play hooky fare vedere to show someone something fare una domanda to ask a question fare una fotografia to take a picture fare una passeggiata to take a walk fare colazione to have breakfast fare un viaggio to take a trip fare un capello in quattro to split hairs farsi la barba to shave farsi coraggio to take heart fare castelli in aria to daydream fare fingere to pretend, make believe fare male to be painful, to ache farsi in la to step to one side fare di tutto to do everything possible fare del proprio meglio to do ones best farsi degli amici to make friends fare alla romana to split the check fare il pieno to fill up the gas tank fare passare to let through