Challenges and Recommendations for Land Rover in Joint Ventures in China
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Added on 2023/06/07
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This report discusses the challenges faced by Land Rover while going to China and provides recommendations for working in joint ventures. It covers factors like cultural differences, language barriers, and macro environment.
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Table of Contents Recommendations...........................................................................................................................3 CONCLUSION...............................................................................................................................3 REFERNCES:..................................................................................................................................5 Books and Journals:.....................................................................................................................5
Recommendations The company needs to undertake some great activities and tasks in order to successfully work in joint ventures. Therefore, some effective recommendations are given below: The Land Rover needs to take decision regarding effective human workforce while working in joint venture with Chinese firm(Choudhary, and et.al 2022). This will give benefits in adopting new culture, bringing innovations and setting a great image in the market. The company needs to wisely choose the entrance option in order to move into Chinese market(Hull, 2021). They may adopt licencing and franchising while working in the joint venture to ascertain great benefits from the international sourcing. The company has to ascertain the growth and effectiveness of their products through properly research about the market and technologies. The more company will undertake research of target market, people culture and demands, the more there will be chances of early success. Land rover needs to identify the resources and use it effectively to be sustainable and secure in the other market. While working in joint ventures, resources gets divide among the firms but the operations enlarges(Bailey, 2019). Therefore, the company make sure to engage manpower, material and machinery in a cost effective way. CONCLUSION The report has concluded about the business challenges faced by the chosen organisation while going to China. Internationalisation is an aim for every company who wants to expand their business in other parts of the world. In order to operate in joint ventures, there are many challenges come across in the business functions. These challenges include the language barriers, cultural differences and indifferent values and beliefs. This shows that, the company needs to focus on all the factors while working on the joint ventures. Therefore, these factors might impact on the working conditions and profitability of the company. For that instance, the company needs to create effective working for joint ventures. This greatly have huge growth in the market when companies work jointly and expand them. Therefore, it is necessary to ensure benefits of working practice in the Chinese market. It has analysed that, Chinese culture shows
the power and tasks which is not much empowered in the UK. This greatly has much benefit in the role of marketing to promote organisation product and service. The chosen organisation has to focus on the challenges covered in report for better understanding about the Chinese market. Also, there is need for the developing practices in the china to adopt the culture of that particular country. The main factor which the chosen firm needs to consider is the macro environment like political and legal interferences to have a positive impact on company. Also, society needs matter a lot that creates focus on company values and goodwill. Therefore, the strategic decisions play crucial role in going into the Chinese country. It gives benefits of technology, investment and high demand for the products and services of chosen organisation. Due to high population and need for regular innovation, the company may settle good working in joint venture.
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REFERNCES: Books and Journals: Choudhary, and et.al 2022. Does Reshoring Affect the Resilience and Sustainability of Supply Chain Networks? The Cases of Apple and Jaguar Land Rover.British Journal of Management. Bailey, D., 2019. How long can Jaguar Land Rover continue to go it alone?. Hull, N., 2021.Land Rover Design: 70 years of success. Veloce Publishing Ltd.