Foreign enterprise Manage the JV Company with state owned background Dissertation

Foreign enterprise Manage the JV Company with state owned background -Veolia water's business model in china for its long ter - Dissertation Example Research Methodology 30 3.1 Type of methodology chosen and its justification 30 3.2 Data Collection and Compiling the Empirical Material 31 3.3 Data Analysis Strategy 32 3.4 Research method Analysis and evaluation of limitations 34 3.5 Reliability and Validity 35 4. Veolia Water: Business Model in China 37 4.1 History of Veolia Water in China 37 4.2 Establishing Joint Venture in China 39 4.3 Business Model in China 41 4.4Organizational Culture 43 Reference 45 1. Introduction 1.1 Background of the Study International joint ventures can be described as a fresh, autonomous business body created by two or more autonomous business organizations having different national origins. The underlying principle for the formation of joint ventures is to attain competitive benefits by amalgamating the strengths and unique characteristics of two or more dissimilar companies. The different stages involved in the process of joint venturing comprise of partner selection, contracting and structuring the new entity as well as management of the joint venture (Bilas et al, 2007). The significance of international joint ventures has amplified during the past ten years owing to the rising number of fresh business establishment as well as the boost in the strategic importance of the joint ventures created (Geringer & Herbert, 1991). Though the number of joint ventures taking place across the world has been increasing, simultaneously, the evidence regarding their survival and sustenance is very poor. Various studies have concluded that a large proportion of international joint ventures eventually get dissolved (Hennart & Zheng, 2002). This contradictory position has resulted in numerous researchers, as well as authors, focusing their attention to the aspects that impact the accomplishment, or dissolution, of international joint ventures on the whole, and Chinese-foreign joint ventures specifically. 1.2 Aim and Objective of the Study Over the years it had been observed that though there h as been large number of joint venture establishments between foreign organizations and Chinese State Owned organizations, eventually many of them have been considered to be unsuccessful. This study aims to diagnose the factors necessary for determining the success or failure of the Chinese-Foreign Joint venture. The goal of this study is to comprehensively study the management of a Chinese Joint venture in terms of its cross culture management, human resources management, organizational culture, financial performance. Such a thorough study would be helpful in recommending a solution for such Joint Venture entities so that they meet the altering external environment and can maintain a sustainable business. In order to accomplish the aim of the study, the objective would be to focuses on the Case Study analysis of Veolia Water and its business operations in China. The history of the company in China and its formation of several joint ventures with State Owned Organizations across Chin a would be assessed. The study would further examine the business model of Veolia Water, its organizational culture and its performance in order to examine the effectiveness of its existing business model. With the intention of expansively assessing all the aspects of Veolia Water’s business in China; its organizational