Analyzing UK-China Joint Venture: Business & Communication

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Added on  2023/06/18

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This report examines the dynamics of international business and communication within the context of a joint venture, specifically focusing on a collaboration between the UK and China. It begins by introducing China's culture and economic landscape, highlighting factors that contribute to the success or failure of joint ventures. The report emphasizes the importance of cultural sensitivity and applies Hofstede's cultural dimensions model to compare the cultural differences between the UK and China. Furthermore, it proposes communication strategies to overcome potential barriers and foster effective collaboration, including recommendations for visual communication and strategies for maintaining a flexible and open working environment. The conclusion underscores the necessity of cultural awareness and strategic communication in ensuring the success and profitability of international joint ventures. Students can find similar solved assignments and past papers on Desklib.
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International business and communication
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Table of Content
Introduction
Introduction to China and its culture
Success and a failure of joint venture
Cultural Sensitivity
Hofstede’s culture dimension model UK vs China
Communication strategies and of the recommendations
Conclusion
References
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Introduction
There is the growing competition for the global organization
therefore they are indulging themselves into the modes of
internationalization such as franchising, joint venture,
licensing etc.
The global organization are expanding themselves by
recognizing the market opportunities in the developing
countries and then adopt internationalization.
International business and trade is considered as the
internationalization where the business organization involve
in supply of their goods and services across the borders.
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Introduction to China and its Culture
China is the worlds most populous country in
the East Asia with the population of
approximately 1.4 million.
The country is fast growing developing country
in economy.
China is leader in science and technology all
over the world as country has done various
ancient inventions.
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Success factors of Joint venture
Success factors
The China culture of high telecom service
users is the success factor for the, UK to
have the Joint venture with China as this
will increase the sales of the company in
china and also the overall year revenue
will be increased.
The China is the leader of the science and
technology which will provide the
company a opportunity to drive
innovation and develop internet services
for the consumers all over the china and
UK.
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Cultural sensitivity
The cultural sensitivity is term that implies as
the cross cultural awareness that is the a
knowledge, sense, acceptance and the
understanding of someone else culture as the
part their values.
For the organization to put its foot into
international market through the joint venture
it is essential to have the deep insight about
cultural sensitivity because a lack of knowledge
can lead to unintentional harm to the
sentiments.
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Hofstede culture dimension model
China vs UK
According to the (Hofstede Insights, 2021), The Hofstede's cultural dimension model is the framework derived by the Greet Hofstede which is all
about the providing a deep insight and understanding about the culture of the country in which business is planning to operate. The different
cultural dimensions of the theory are discussed below in context of UK vs China:
Power distance Index
Individualism- Collectivism
Masculinity- femininity
Uncertainty avoidance index
Long term and short term orientation
Indulgence and Restraint
Individualism-Collectivism
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Communication strategies and
Recommendations
To get rid off the communication barriers it is very essential for
UK to comply with some communication strategy which will fill
the gaps of communication and also lead to effective
communication.
The communication strategy will also help the UK to focus on
the competitive market place.
communication strategy is also useful to maintain the working
environment that is flexible and open to communicate.
The UK is recommended to use the upward use the visual
communication strategy as this will be useful to convey the
message of company's vision and mission among employees.
This will also help in attracting the consumers towards the
company's services.
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Conclusion
It is concluded from the above report that for the organisation to do business in the foreign
developing country the company must evaluate the culture factors before establishing the
business as there are various challenges and barriers of related to the culture and
communication.
The organisation must utilize the appropriate theory like Hofstede's culture dimension model
to analyse the key difference between the culture of two countries.
Hence therefore the organisations are suggested to use different communication strategies that
will help in resolving the communication challenges and barriers and make the joint venture
more successful and profitable for the organisation.
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References
Grace, R. and Tham, J. C. K., 2021. Adapting Uncertainty Reduction Theory for crisis communication:
guidelines for technical communicators. Journal of Business and Technical Communication. 35(1). pp.110-117.
Gu, F. F., Wang, J. J. and Wang, D. T., 2019. The role of sales representatives in cross-cultural business-to-
business relationships. Industrial Marketing Management. 78. pp.227-238.
Haglund, L., Kovala, T. and Lindh, C., 2019. Managing complexity through business relationships: the case of
the Swedish electricity market. International Journal of Management and Decision Making. 18(2). pp.209-227.
Hartley, J., 2019. Communication, cultural and media studies: The key concepts. Routledge.
Hoberman, J., 2020. Sportive nationalism and globalization. In Post-Olympism? (pp. 177-188). Routledge.
Obstfeld, M., 2021. 6. International Capital Mobility in the 1990s (pp. 201-261). Princeton University Press.
Qian, D. D. and Pan, M., 2019. Politeness in business communication: Investigating English modal sequences
in Chinese learners’ letter writing. RELC Journal. 50(1). pp.20-36.
Skaar, A. A., 2020. Permanent establishment: erosion of a tax treaty principle. Kluwer Law International BV.
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