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

Mgt - Essay ExampleIt is clear that, it cannot be line of business as popular due to the stagnation and international expansion is a brilliant idea. The business 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 viable? Should it consider a joint threaten or hire a sales team of indigenous people in the countries that it enters? The plight 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 difference 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 dissimilitude in assets, exp ertise and investments of each entity, varied cultures and organizational management styles, and it requires thorough research and a long time to be able to establish and start 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 will benefit from centralized management. Forming a business dynasty will help in addressing the problems of sustainability and enhance reliable distribution