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Joint Business Venture - PDF

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Added on  2020-12-09

Joint Business Venture - PDF

   Added on 2020-12-09

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The risks and benefits of a jointbusiness venture to enter internationalmarkets
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Table of ContentsTopic - The risks and benefits of a joint business venture to enter international markets...............31. Background of project........................................................................................................32. Aim and objectives of project.............................................................................................33. Scope and limitation of proposed project...........................................................................44. Resources and cost considerations.....................................................................................45. Gantt Chart.........................................................................................................................56. Risk Register......................................................................................................................6REFERENCES................................................................................................................................8
Joint Business Venture - PDF_2
Topic - The risks and benefits of a joint business venture to enterinternational markets1. Background of projectGlobalisation gives opportunity to organizations to move their businesses in internationalmarket and generate high profitability. For this purpose, companies dealing in small sector needsto make appropriate project plans to enter into new market (Singh and Delios, 2017). As to movebusiness in other countries, firms require adequate amount of funds and resources, therefore, theyuse to merge business with other for fulfilment of the same. In context with Rowlinson KnitwearLtd., it deals in apparel and footwear market of UK, that produces school wear and knitwear forstudents. In order to expand business at international level, it is going to joint its venture withone of the European trading company, named by Coop Trading A/S. It is a purchasing companyof Sweden that sells products by own brand name, with focusing on quality of products andoffers at good price. In this regard, through the concept of joint venture, both firms can combinetheir resources and expertise for serving products in Asian marketplace, to ensure the success ofa venture. This project is going to identify the risk as well as benefits both companies may gain aftermake agreements for joint business venture, to enter into Asian marketplace. For this purpose,both primary and secondary resources are used to gather adequate amount of reliable informationon given topic. This would aid to analyse what types of risks associated with joint venture forsmall companies and benefits availed by the same (Nicholas and Steyn, 2017). Therefore, mainreason behind chosen of this topic is to enhance knowledge on joint venture and understand theterm globalisation. This would aid project makers in enhancing skills and knowledge to work onfuture assignments more effectively.
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