Mgt Essay Example | Topics and Well Written Essays - 250 words - 3

Mgt - Essay ExampleIt is clear that, it cannot be stock as usual due to the stagnation and global expansion is a brilliant idea. The backup is big, since it operates a 35,000-square-foot factory with 75 employees and I believe that it has the capacity to realize global expansion. What is more practicable? Should it consider a joint venture or hire a sales team of innate people in the countries that it enters? The dilemma is whether to employ a sales team of indigenous people in the countries it enters or to forge a joint venture. According to Emery (2011), a joint venture is a strategic alliance between two or more entities to engage in a specific project. Its oddment with partnership is that the former is for a particular undertaking while the later is for a long- term business relationship. A joint venture is advantageous, for example it ensures sharing of resources, skills and risks. However, it has myriad of problems like disparity in assets, expertise and investments of ea ch entity, varied cultures and organizational management styles, and it requires thorough research and a long time to be able to establish and make operational (Emery, 2011). Though costly, hiring sales personnel of native people in the countries of diversification is a good idea since it helps in building a business empire that result benefit from centralized management. Forming a business dynasty will help in addressing the problems of sustainability and enhance reliable distribution