Joint Venture between Tata Steel and Thyssenkrupp : Assignment

Added on - 04 Oct 2020

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Table of ContentsIntroduction................................................................................................................................1Brief explanation of the proposed topic and Rationale.............................................................2Aims and Objectives...................................................................................................................3Brief discussion of the scope and limitations of the project......................................................4Resources and cost considerations............................................................................................4Gantt Chart: Project Timeline.....................................................................................................5Risk register covering the main risks with the proposed research............................................6References..................................................................................................................................71|P a g e
IntroductionGlobalisation is a big part of our society and culture within the 21stcentury.Globalisation is a process where the world becomes more and moreinterconnected due to big levels of trade and cultural exchange. Because ofglobalisation the levels of trade and goods production has increased creatingmultinational companies and pushing out local trade (BBC, 2019).This research project aims at delving deeper into the risks and benefits ofshared. The research for the project will be done through secondary asprimary research methods.Brief explanation of the proposed topic and RationaleThe assignment will focus on the newly joint venture between Tata Steel and the Germancompany Thyssenkrupp to create Europe’s second largest steel company. This agreement wasmade in mid 2018 despite the uncertainty of Brexit deal in the UK (KPMG 2018).I have chosen this topic for the research as Brexit is a big concern in the UK at the currentmoment. All the joint ventures in UK are looking for options to keep up their agreementswith their European partners in case of a hard Brexit and the UK leaves the customs union.2|P a g e
Aims and ObjectivesProject Aim:To investigate some existing situation or problem in international joint ventures and furtherexplain the new phenomenon during current world economic turmoil.Project Objectives:To explore the joint venture agreement between Tata Steel and ThyssenkruppTo find out the risks and benefits of a joint business venture during BrexitTo ratify a strategic plan for businesses to enter an international marketBrief discussion of the scope and limitations of the projectThe scope of the project consists of the following:Investigation on the positive and negative aspects of going into a joint venture in theUK at this moment.Investigating the problems surrounding GlobalisationComparing the joint venture between Tata Steel and ThyssenkruppRecommendations for international joint venturesThe research project will cover important aspects of the situation the UK is in at the moment,especially from the point of view of international markets and how businesses can proceed tomake investments and contracts during political and economical instability.The joint venture between the two steel industries not only addresses the challenges of theEuropean steel industry but touches on important issues for many businesses. The twocompanies have managed to find a solution to create significant relationship for bothThyssenkrupp and Tata Steel due to joint synergies which cannot be realized in a stand-alonescenario. (H. Hiesinger, 2018).From this the research project will look closer into other problems surrounding globalisation.Resources and cost considerations3|P a g e
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