There are other potential challenges as well. For example, if the foreign partner does not uphold its end of the bargain. For example, Bharti takes on a foreign partner to gain managerial controls and technology transfer, but one or more of those elements fails to materialize. The result could be that the venture fails, or that Bharti is forced to take extra steps to shore up the venture.
3. With respect to culture clash, it has been found that for retail operations -- which Bharti essentially is, the learning curve is much steeper than for production-oriented joint ventures (Owens & Quinn, 2007). Therefore, management must be proactive in addressing cultural issues before they arise. This will include training for both sides of the deal so that managers know what to expect before they need to begin working together.
Strategic alignment is at the root of the problem when foreign partners look to go solo based on the knowledge transfer they have received, or if they make an unwanted takeover offer. The two parties can mitigate this risk by stating clearly their objectives at the outset of the deal. As well, Mittal should investigate the corporate history of his partners, to know if they have a propensity for this type of activity or not.
To guard against non-performance of the foreign partner, a contract that defines the specific obligations of each partner is a good start. However, this will not guarantee performance of the partner. A degree of trust is required for the partnership to work. Indeed, having a high level of trust between the partners is a significant predictor of the achievement of both financial and non-financial goals in international joint ventures (Ng, Lau & Nyaw, 2007).
Bharti should also work to build a mutual strategic interest with the foreign countries. Although he has been successful to date, it appears that he has not adopted this strategy. However, if the strategies of both parties are aligned, this will allow for more successful integration of the two companies' competencies. Bharti has not had major issues as of yet, save for those with Vodafone,...
For example, the building of cell phone towers with Vodafone has resulted in that firm competing directly and vigourously against Bharti Airtel. Indeed, the two are now among four firms competing for three 3G spectra (Times of India, 2010), implying that if competition had not erupted between the two that Bharti would have been able to gain access to the spectra without engaging in a bidding war. Trust has
The Shared Information Principle is also the most reliant on technologies, with the Human Resource Information Systems (HRIS) and communications technologies being the most crucial within this specific principle. The Principle of Knowledge Development The most strategically important aspect of any HPWS, this principle is where the greatest value is delivered to an enterprise. Knowledge Development is heavily dependent on the training aspects of an organization, including instruction in broad skills,
At the level of the individual worker, motivation and job satisfaction among other things, generate a sense of security and confidence. Moreover, it offers them the opportunity for flexibility where they are able to apply varied approaches in meeting work requirements (Adeyinka et al., 2007, pp. 3-15). This makes the work environment interesting thus providing the employees with the pleasure and urge to facing their day-to-day lives at the workplace.
Therefore, the standpoint of social embeddedness is a tool that offers to provide a clear picture if one wants to comprehend the contribution of the relational factors in the success of outsourced IS projects (Rai, Maruping and Venkatesh, 2009). If one is to increase his/her comprehension and develop an insight about how to monitor and control outsourced IS projects, Johns' (2006 as cited in Rai, Maruping and Venkatesh, 2009) suggestions
2 of the respondents were self-employed and 11.2% of respondent were white-collar workers with 1.2% of respondents being blue-collar workers. The following chart shows the factor analysis results with VARIMAX rotation of traveler's perceptions of hotel attributes in the study of Choi and Chu (2000). Factor Analysis Results with VARIMAX Rotation of Traveler's Perceptions of Hotel Attributes Source: Choi and Chu (2000) The following chart shows a 'regression analysis results of hotel factors
popularity of foreign restaurant: consumer attitude and behavior toward foreign cuisines in Bangkok Thailand as a tourist destination Thailand has become a tourist destination hotspot for its scenic beauty, the humble nature of their people, and the relative value of foreign currencies relative to the baht. According to EIU ViewsWire (2003), "Growth in the tourism industry in recent years was the result of the depreciation of the baht against non-Asian currencies
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