October 17, 2008

Joint Venture and Cultures

Today in class we talked about how one needs to research when one is looking to start a venture or a joint venture in another country. It important to look into  various aspect of the culture. Professor talked about a American and Mexican joint venture that did not work out as the mexicans found the americans to be very aggressive in taking decisions while the mexicans wanted to take their own time to take an decision.

We also talked about how taking bribes is accepted in different countries. In some countries it may be a complete no no while in some other country it may be the only way to get your work done

Another interesting finding during the lecture was that the chinese people think that the number 164 is unlucky for them while 168 is good for them.

We named some top companies and realised that none of these companies came from India or China which are developing at such a high rate. We tried to reason by this. We realised that most of the top companies are doing well after licensing, joint ventures or takeover. For example Mc Donald- franchise, Walt Disney-licensing.

One of the biggest reason why microsoft did better than apple was that it licenced its products.

Its been a interesting lecture so far. I am looking ahead to the next lecture on supply chain


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