The Success of Nortel and LG Company Joint Venture - 1375 Words

The Success of Nortel and LG Company Joint Venture (Case Study Sample) Content: The Success of Nortel and LG Company Joint VentureStudentà ¢Ã¢â€š ¬s Name:Institutional Affiliation:Date:The Success of Nortel and LG joint ventureIntroductionThe decisions made by the administrative management determines if a business venture succeeds. Big companies choose joint ventures to acquire a sizeable stake in profitable organizations. Joint ventures are now a common scene among the North American businesses who want to have stakes in China and other Asian countries (Beamish, 2012). Joint ventures have become excellent choices for doing business in international markets. The joint ventures allow companies to share risks, profits and operating risks with home partners. However, many concerns arise among business managers that a JV is not profitable and easy to manage. According to Beamish (2008), firms agree to go on joint ventures internationally to develop new products and services, and then penetrate new markets (Beamish and Choi, 2004).Case study question s1). Did Nortel make the right decisions by entering South Korea through joint venture? Any other market alternative available for Nortel?Nortel Company had several options for reentering South Korea. From this case study, the Nortel policy of going for a joint venture was the best option at the time. According to the Encyclopedia of Business (2014), a company choosing joint ventures gets the motivations to agree on the alliances. The selection criterion is based on the reasoning that by Nortel partnering with a Korean company, the bondage will introduce different strengths. In the end, this brings competitive advantages to all parties.Additionally, Nortel could not have managed to enter a hostile market. Therefore, joining with another company through a JV helped the management to build on the company strengths. Already, Nortel had built a sizeable market for its products. However, the need to grow means additional profits and expansion of the market. Under this venture, Nortel was able to spread the risks and costs of the company targets (Mellon, 2012).Establishing a new company in South Korea may appear easy on paper, but hard to implement. The decision to engage in a joint venture was a strategy for Nortel. Nortel chose this because it did not have trusted employees and managers. Nortel had to get a venture partner do the regulations and supervise the acts of employees in a foreign country (Wolf, 2011).Foreign government tries to protect homegrown companies. The issue of getting operation licenses contracts and other non-equity problems could have taken longer for Nortel to accomplish. Because of market uncertainty, Nortel had a simple way to penetrate the market through joint ventures. According to Brouthers (2012), international joint ventures for a foreign company help to outperform fully owned subsidiaries. Besides, the capital injected by Nortel indicates signals commitment while increasing the chances of success.Before a company decides to go for a j oint venture, the administrators must investigate the foreign company objectives. In this case, Nortel company managers did their research to determine that the Korean company has the same objectives. Pearce (1997) argues that joint ventures prove to be a demanding task if the parties have different objectives. Therefore, we assume that Nortel managements made the decision after ascertaining that the LG Company in Korea holds the same objectives. Combining resources and goals of two companies remains a good indicator for both partners.Alternative To Joint VenturesEvery company has different options when choosing a market entry option. Nortel could have possibly chosen from the different options available. A good example is through exporting its products. Exporting is a non-equity entry strategy. Singh and Delios (2012) states that exporting strategy is used as an opportunistic approach to foreign markets. However, the appeal of exporting relies on a contractual nature. Here, Nortel did not require a fixed investment to succeed. The option requires little management to succeed. Nortel could have chosen Countertrade as an entry strategy. Under this strategy, the entrant gets a new way to finance export deals when all other means are not available. Many developing nations have problems getting foreign exchange needed to pay for import. Countertrade could have worked better for Nortel (Cherunilam, 2010). Buckles (2011) advise companies to go into strategic alliances unselfishly and with a clear expectation shown by each side. It should be replicated even before signing the agreements.2) Advantages and disadvantages of using strategic alliance as shown in the case study. Describe unique benefits of controlling 50% equity plus a single share.A strategic alliance between companies operating in different countries has become a big part of global competition. The strategic alliances help companies to win globally. In fact, senior managers know the benefits of forging n ew alliances. No single company is an Island to succeed without the assistance of others (Rangan and Yoshino, 1995). Strategic alliances bring many advantages to companies. In the case of Nortel and LG, the two companies get new markets. Opportunities for growth exist from alliances because the companies open and penetrate new markets. The alliances open access to each companyà ¢Ã¢â€š ¬s partners and facilitate networks for distribution and customers (Harrison et al, 2012).A bigger advantage arising from the strategic alliance between Nortel and LG involves sharing of knowledge and technology (Berrell, Wang and Clegg, 2007). The alliance gives access to the know-how of the other partner. A good example is the exchange of technology used between the two companies to manufacture unique products. Buckles (2011) say that the strategic alliance between companies helps to supplement services to clients where one company could not have achieved. Different service spread to potential new c lients. Strategic alliances help companies to reach new markets. The alliances increase awareness of strong brands. New companies can offer a range of new products to the market and expand its brand (Nair, 2011).Signing of strategic alliance agreements benefits from the economies of scale. It is seen on the cost advantage that partners gain through expansion policies met. For example, Nortel and LG widened their marketing partnerships which a single company could afford when doing business alone. The reduction in costs becomes a reality from strategic alliances when doing research or accessing facilities used by other companies (Jones and Hill, 2012). According to Grimsley (2014), entering into strategic alliances helps a foreign company gain political advantages. Many countries require foreigners to team local companies to enter their markets. The partnership helps to avoid legal barriers and prejudices. The strategic alliances done by politically correct companies and partners imp rove company position and influences.The DisadvantageMany companies agree and sign on a strategic alliance. Though the agreement leads to a low-cost route for new technologies and the markets, it is possible that the agreement, though profitable, lives for a short time (Ritcher and Pahl, 2009). On a bigger scale, a notable disadvantage of strategic alliances as seen in Nortel and LG is the issue of culture. Working with overseas partners small in size brings cultural issues. In many cases, the different ways of doing business vary among countries (New Zealand trade and Enterprise, 2014). Culpan (2002) argues that companies looking for more profits will not gain by signing a strategic alliance. The profits from these alliances are divided among the partners. In addition, it takes years to get a return on the investments. Culpan (2002) argues that disputes may arise. When the relationship between hostile nations increases, the breakup may lead to intellectual property battles when a j oint product was developed. Jonnard (1997) sums it all by arguing that the major and possibly the greatest disadvantage with strategic alliances is the vulnerability of high technology companies to piracy. If the partners show dishonest behaviors during collaboration on projects, companies pirate the products and offer unnecessary competition.Many companies that use strategic alliances have an inbuilt fear. One notable fear is that there might be an eventual merger and takeover by the strong company. Big companies that have the financial muscles can even use underhand tactics to ensure they take over small companies. It brings suspicions among partners. Different cultures come into the light when a strategic partnership is signed. Because every manager wants to succeed, there is a tendency that the promises made by the joint venture managers and the agreements made will not live to the expectations.The unique benefits of controlling 50% equity plus one shareCompanies should avoid st ripping shares on a 50/50% basis. When issues arise, they become hard to manage. According to Hauswald and Hege (2002), controlling a 50% plus one share is beneficial in legal terms. If disagreements among companies arise and one company own a 50% plus one share equity, permanent deadlock will not occur. The company with this advantage can invoke a legal clause to make a unanimous decision.3). Skills and attributes possessed by successful joint venture managersFor any joint venture managers to succeed, they have to show different attributes and skills. Managing a venture in another continent is not easy. One skill and attribute needed here is the ability to network with others. A good case is to hire an international attorney to advise you on things you donà ¢Ã¢â€š ¬t know. The network groups enable the joint venture manager to understand any agreement and document signed. Understanding foreign laws is not an easy thing. However, a joint venture manager who finds problems will skil lfully network wit...

How Do Whales, Dolphins, and Porpoises Sleep

Cetaceans (whales, dolphins, and porpoises) are voluntary breathers, meaning they think about every breath they take. A whale breathes through the blowhole on top of its head, so it needs to come up to the water surface to breathe. But that means the whale needs to be awake to breathe. How does a whale get any rest? The Surprising Way a Whale Sleeps The way a cetacean sleeps is surprising. When a human sleeps, all of his brain is engaged in being asleep. Quite unlike humans, whales sleep  by resting one half of their brain at a time. While one half of the brain stays awake to make sure the whale breathes and alerts the whale to any danger in its environment, the other half of the brain sleeps. This is called unihemispheric slow-wave sleep. Humans are involuntary breathers, meaning they breathe without thinking about it and have a breathing reflex that kicks into gear when they are sleeping or are knocked unconscious. You cant forget to breathe, and you dont stop breathing when you are asleep. This pattern also allows whales to keep moving while sleeping, maintaining position in relation to others in their pod and staying aware of predators such as sharks. The movement may also help them maintain their body temperature. Whales are mammals, and they regulate their body temperature to keep it in a narrow range. In water, a body loses heat 90 times as much as it does in air. Muscular activity helps keep the body warm. If a whale stops swimming, it may lose heat too fast. Do Whales Have Dreams When They Sleep? Whale sleep is complex and still being studied. One interesting finding, or lack thereof, is that whales do not appear to have REM (rapid eye movement) sleep that is characteristic of humans. This is the stage in which most of our dreaming occurs. Does that mean that whales dont have dreams? Researchers dont yet know the answer to that question. Some cetaceans sleep with one eye open as well, changing to the other eye when the brain hemispheres change their activation during sleep. Where Do Whales Sleep? Where cetaceans sleep differs among species. Some rest on the surface, some are constantly swimming, and some even rest far below the water surface. For example, captive dolphins have been known to rest at the bottom of their pool for a few minutes at a time. Large baleen whales, such as humpback whales, can be seen resting on the surface for half an hour at a time. These whales take slow breaths that are less frequent than a whale thats active. They are so relatively motionless on the surface that this behavior is referred to as logging because they look like giant logs floating on the water. However, they cant rest for too long at a time, or they may lose too much body heat while inactive. Sources: Lyamin, O.I., Manger, P.R., Ridgway, S.H., Mukhametov, L.M., and J.M. Siegal. 2008. Cetacean Sleep: An Unusual Form of Mammalian Sleep. (Online). Neuroscience and Biobehavioral Reviews 32:1451–1484.Mead, J.G. and J.P. Gold. 2002. Whales and Dolphins in Question. Smithsonian Institution.Ward, N. 1997. Do Whales Ever...? Down East Books.

The Forgotten American Dream Is It Still Alive

The Forgotten American Dream Do you believe in the American Dream? Is it still alive? Or just a memory from the past? The American dream is not as clearly defined as it seems and with time it has changed a great deal. Therefore, there is not a clear answer to these questions, but opinions of how the American Dream is contributing to society’s aspects. The American Dream was an aspect of American society that encouraged people to better themselves and pursue their happiness. As America progressed into the imperial nation it is today the American dream evolved with it, instead of just wanting to use the opportunity to be stable Americans they wanted to exceed the limits and become extraordinary. â€Å"Aspiring for financial success is an important aspect of capitalist cultures...Financial success had long been a core component of the American Dream, and many of the values modeled and encouraged by modern society suggest that the success and happiness depend on procuring monetary wealth† (Better). During the 1920’s this was mostly achieved by gaining wealth and seeking a better living. However it was not solely money that completed the American Dream, the idea of the the dream was not just self indulgence, but part of creativity and innovation to be the best person they can be (Amadeo). The Melting Pot was a large infl uence on the American Dream because it was what immigrants entering America felt and what their expectations of the country were. â€Å"Indeed, more than 60 millionShow MoreRelatedRacism in America Today Essay1048 Words   |  5 Pagesyour eyes and see reality. Rapper Kanye West once said â€Å"racism is still alive, they just be concealing it† and these words are everything but false. You must ask yourself the real question about racism and it is how could you ever cure such a thing in people’s minds? People are free to think and believe what ever they would like and old habits such as racism will never change in people. 1619, a date remembered by most African Americans (Afroamhistory). This date symbolizes the year when people wereRead MoreDeath Of The American Dream Essay1387 Words   |  6 PagesDeath of the American Dream. 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The Ebola Virus Essay Research Paper Ebola free essay sample

The Ebola Virus Essay, Research Paper Ebola Hemorrhagic Fever In the universe today, there are many known deathly viruses, but few present as great a menace as Ebola, the virus that causes Ebola Hemorrhagic Fever. Key factors in understanding Ebola HF include: Its history, program of onslaught, and the diagnosing and intervention of the disease. The Ebola virus can, and normally does do a disease called Ebola hemorrhagic febrility, which is a Viral hemorrhagic febrility. Harmonizing to the proceedings of the fourth National Symposium on Biosafety, the clinical definition for Viral hemorrhagic febrility is as follows. # 8220 ; Viral hemorrhagic febrility is an acute infection that begins with febrility, myodynia, unease and progresses to collapse. It shows grounds of vascular dysregulation and increased vascular permeableness and can include multisystem engagement. The bleeding indicates extent of little vessel engagement but non needfully big in volume. Shock, brain disorder, extended bleeding, and hapless forecast should be expected # 8221 ; ( 4th National 2 ) . The Ebola virus is named after a river in the Democratic Republic of the Congo ( once Zaire ) in Africa, where it was foremost recognized. The Ebola virus is closely related to the Marburg virus. Both are members of a comparatively new household of viruses called Filoviradae. Ebola haemorrhagic febrility is classified as a BSL-4 ( biosafety degree 4 ) agent, which is the most unsafe in the Centers for Disease Control and Prevention ( CDC ) categorization system. BSL-4 agents are alien agents that pose a high hazard of dangerous disease, and for which there is no vaccinum or therapy. # 8220 ; Ebola hemorrhagic febrility is a terrible, often-fatal disease in worlds and non human Primatess ( monkeys and Pan troglodytess ) that has appeared periodically since its initial acknowledgment in 1976 # 8243 ; ( CDC 1 ) . Common human perceptual experiences of this virus are, for the most portion, accurate in that it is a extremely contagious agent that can do a fatal disease called Ebola hemorrhagic febrility. Although, there are a few misconceptions such as the belief that the virus can be transmitted from individual to individual through the air, which is non known to be true, and subsequently explained. Besides, contrary to popular premises, worlds are non bearers of the virus, as we are with the grippe virus, 2 for illustration. The initial patient in an eruption must hold someway contracted the virus from an septic archpriest bearer, such as a monkey, which will besides be explained. Listed, are some of the more pertinent eruptions of Ebola hemorrhagic febrility. In 1976, the first and largest eruption of the virus occurred in Yambuku, Zaire, killing 88 % of 318 septic patients. This species was named severally, Ebola-Zaire, and has appeared in four other eruptions to day of the month. The Ebola-Sudan species appeared, of course in the metropoliss of Nzara and Maridi, Sudan besides in 1976. The decease toll was much less than the Zaire eruption at 53 % of 284 septic individuals. In 1995, the Ebola-Zaire species struck once more, killing 81 % of 315 reported instances. This clip, the eruption occurred in Kikwit, Democratic Republic of the Congo, which was the new name Zaire. In the United States, to day of the month, no instance of the disease in worlds has of all time been reported, non to state the virus has neer been here. In 1989, 1990, and 1996, Ebola, or at least a weaker species of the virus was brought into quarantined installations in Virginia, Texas, and Pennsylvania by septic monkeys imported from the Philippines. In both 1989 and 1990, four worlds were infected with the virus, but did non go ill. Obviously, the species of the virus, now called Ebola-Reston, that entered the United States was a much weaker species than those in Zaire and Sudan. # 8220 ; The Reston eruption served as an of import wake-up call for the U.S. Army and CDC research groups. Among other things, it demonstrated the demand for better diagnostic tools # 8221 ; ( 4th National 10 ) . Transmission of the Ebola virus is extremely dependent upon the initial infection of a human. It is hypothesized that the first septic homo in an eruption must hold been infected by an animate being. This first septic patient in an eruption is called the index instance. At this point, worlds can convey the virus from individual to individual in several ways. Peoples can contract the Ebola virus through contact with the blood and/or secernments of an septic individual. For this ground, this virus is normally dispersed among household members in the class of eating, keeping, or otherwise caring for septic individuals in any manner that they would come in contact with such 3 secernments. Besides, people can be exposed to the virus through contact with objects, such as acerate leafs, that have been contaminated with septic secernments. The most common agencies of transmittal of the Ebola virus is the spreading of the virus throughout a health-care scene, such as a clinic or infirmary, this state of affairs is known as elaboration. In African infirmaries, for illustration, where financess and supplies are scarce, patients are frequently cared for without the usage of necessary protective equipment, such as masks, gowns, and baseball mitts. Many instances of exposure to the virus has occurred when wellness attention workers have treated septic individuals without utilizing this indispensable vesture. In add-on, many of the acerate leafs used for injections to the ailment were non of the disposable type. When wellness attention workers used the acerate leafs in multiple phials and on multiple patients, they may non hold been sterilized, but simply rinsed before reinsertion. If acerate leafs or syringes become contaminated with the virus and are so reused, Numberss of people can go septic. The Ebola-Reston Virus species, that appeared in a archpriest research installation in Virginia, may hold been transmitted from monkey to tamper through the air in the installation ( CDC 2 ) . The Ebola virus has displayed the ability to be spread through airborne atoms ( aerosols ) under research conditions, but this type of transmittal has non been documented among worlds in a real-world scene, such as a family or infirmary. # 8220 ; The Ebola virus appears to hold an incubation period of four to s ixteen yearss, after which clip the impact is devastating† ( Carson 1 ) . â€Å"One of the few things known about Ebola was that during the initial phases of infection, the virus floods the blood stream with a glycoprotein–a protein with sugars attached† ( Glausiusz 1 ) . This phase seemingly occurs during the incubation period. Research workers have late learned that the glycoprotein is portion of a two-pronged onslaught that leaves the victim hemorrhage and defenseless. There are really two signifiers of the glycoprotein. The first, is released into the blood stream, and the 2nd, a much larger version, stays attached to the virus. The free signifier has been found to attach itself to a type of white blood cell called a neutrophil. The neutrophils are the immune system’s front line military personnels. 4 They attack and destroy occupying viruses and signal the other combatants for the immune system, such as the B cells that make antibodies, and the T cells that kill virus-infected cells. Experts suspect that by adhering to the neutrophils, the glycoprotein cripples them so they can non assail or signal other cells. This procedure opens the gateway for Ebola to assail the human organic structure. The virus now begins its assault on the organic structure. It attacks the organic structure # 8217 ; s blood vass, utilizing the attached, larger glycoprotein as a key to come in endothelial cells, the cells that line the insides of our venas and arterias. Ebola invades and sabotages the cells # 8217 ; familial machinery in order to reproduce itself, it besides amendss endothelial cells, doing blood vass leaky and weak. The patient foremost bleeds and so goes into daze as falling blood force per unit area leaves the circulatory system unable to pump blood to critical variety meats. Long before the immune system can construct up adequate antibodies to revenge, a procedure that can take hebdomads, most Ebola HF victims bleed to decease. The marks and symptoms of Ebola hemorrhagic febrility are non the same for all patients, but some of the more common early and late symptoms are listed. Within a few yearss after the terminal of the incubation period, most Ebola patients experience: high febrility, concern, musculus achings, tummy hurting, weariness and diarrhoea. Some early Ebola patients have: sore pharynx, hiccoughs, roseola, ruddy and antsy eyes, bloody emesis, and bloody diarrhoea. Within one hebdomad after the terminal of the virus # 8217 ; s incubation period, most patients brush: thorax hurting, daze and eventually decease. Besides, some late Ebola patients see complete sightlessness, internal hemorrhaging, shed blooding through the tegument, and shed blooding from the ears, nose and oral cavity. Diagnosing Ebola hemorrhagic febrility in a individual who has been infected merely a few yearss is hard because early symptoms, such as ruddy and antsy eyes, and a skin roseola, are nonspecific to the virus and are seen in other patients with diseases that occur much more often. If a patient has a combination of the symptoms described above, and Ebola virus is suspected, several laboratory trial should be performed quickly. These include a blood movie scrutiny, 5 a blood civilization, and if the patient has bloody diarrhoeas, a stool civilization should besides be performed. Some of the more common and accurate diagnostic tools for the sensing of the Ebola virus are the ELISA ( enzyme-linked-immunosorbent serologic assay ) , PCR ( polymerase concatenation reaction, and a virus isolation process can be used to name a instance of Ebola hemorrhagic febrility within a few yearss of the oncoming of symptoms. Presently, there is no standard intervention for Ebola hemorrhagic febrility, although most patiens receive supportive therapy. This consists of equilibrating the patient # 8217 ; s fluids and electrolytes, keeping their O degrees and blood force per unit area, and handling them for any complicating infections. It is now known that # 8220 ; The viruses [ Ebola and Marburg ] can be inactivated by heating at 60? C for 1 hr, by acerb intervention at pH 4 or lower, and by organic dissolvers such as ether # 8221 ; ( Johnson 1 ) . # 8220 ; Scientists and research workers are faced with the challenges of developing extra diagnostic tools to help in early diagnosing of the disease and ecological probes of Ebola virus and the disease it causes. In add-on, one of the research ends is to supervise suspected countries in order to find the incidence of the disease. More extended cognition of the nature of the virus # 8217 ; reservoir and how it is dispersed must be acquired to forestall future eruptions efficaciously # 8221 ; ( CDC 3 ) . # 8220 ; Filoviruss continue to supply a hard country for virologists to develop schemes to protect the public and can be seen as the paradigm of emerging viruses. We do non understand their natural care scheme and therefore can non foretell their outgrowth nor the factors that might moderately be expected to increase the hazard of their presenting jobs to the universe. Give our profound ignorance of these viruses, the limited figure of episodes we have studied, and their deadly potency, it seems a safe stake that we have extra unpleasant surprises in shop. The undertaking now is to gamer [ sic ] go oning support to understand these elusive agents now that the epidemic has been controlled and public involvement has faded # 8221 ; ( Peters 3 ) . McKinney 6 Plants Cited Biosafety and Emerging Infections: Key Issues in the Prevention and Control of Viral Hemorrhagic Fevers. Proc. of the fourth National Symposium on Biosafety. Atlanta: Centers for Disease Control and Prevention, 1997. Carson, Cully C. , and Tracy Irons-Georges # 8220 ; Ebola Virus. # 8221 ; Magill # 8217 ; s Medical Guide. 1 ( 1998 ) : 511-512. Centers for Disease Control and Prevention. # 8220 ; Ebola Hemorrhagic Fever. # 8221 ; Disease Information: Viral Hemorrhagic Fevers: Fact Sheets. Atlanta: CDC, 1999. Glausiusz, Josie. # 8220 ; Ebola # 8217 ; s Lethal Secrets. # 8221 ; Discover Jul. 1998: 24. Johnson, Karl M. # 8220 ; Filoviradae: Ebola and Marburg Viruses. # 8221 ; Principles and Practice of Infectious Diseases ( 1989 ) : 1303-1305. Peters, C.J. # 8220 ; Emerging Infections: Ebola and other Filoviruses ( Emerging and Reemerging Global Microbial Threats ) . # 8221 ; The Western Journal of Medicine 164 ( 1996 ) : 36-39.