Business Project Analysis: Risk and Benefits of Joint Ventures

This project delves into the analysis of joint ventures, specifically focusing on the risks and benefits associated with entering international markets. The research examines the trends of globalization in the context of entry strategies, the advantages of joint ventures, and the potential risks within an international business environment. The project aims to identify effective strategies for business expansion through joint ventures, using Tourism Union International (TUI) as a case study. The methodology includes qualitative research methods, an inductive research approach, and probabilistic sampling, with data collected through primary surveys. The project also incorporates a project plan, risk register, and a Gantt chart to outline activities, potential risks, and mitigation strategies. The research provides valuable insights for businesses considering international expansion through joint ventures, offering a comprehensive understanding of the associated challenges and opportunities.

MANAGING A SUCCESSFUL
BUSINESS PROJECT

TABLE OF CONTENTS
TOPIC:.............................................................................................................................................1
1. INTRODUCTION.......................................................................................................................1
2. AIM AND OBJECTIVES............................................................................................................1
3. SCOPE AND LIMITATIONS.....................................................................................................2
4. RESOURCES AND COST.........................................................................................................2
5. PROJECT PLAN, GANTT CHART OR WORK BREAKDOWN STRUCTURE....................2
6. RISK REGISTER........................................................................................................................3
REFERENCES................................................................................................................................5

TOPIC:
Globalisation
1. INTRODUCTION
Globalisation is the movement of goods and services, people across the boarders. It is
possible only after globalisation that organisation are moving across the boarder and start selling
goods and services. Internation joint venture is occurs when tow businesses bases in two or more
nations form a partnership and stars doing businesses (Bernstein and Brass, 2016). Joint Venture
is one of the entry strategies that is used to enter into global markets. Globalisation has raised the
popularity of joint venture at regional, local and international level. The key trends of Joint
Venture are funding obligations, commonly used structures, decision making and governance
processes, deadlock breakers, transfer restriction, dispute resolution etc.
In this current research, researcher will use effective methods and techniques to identify
the risk and benefits associated with joint venture to enter into international market.
2. AIM AND OBJECTIVES
Aim:
“To identify the risk and benefits associated with joint venture to enter into international
market. A study on Tourism Union Internation (TUI)”.
Objectives:
 To identify the trends of globalisation in context of entry strategies.
 To determine the benefits of joint venture entering into international market.
 To articulate the risk associated with joint venture in international business environment.
 To provide effective strategies for expansion of business in internation market through
joint venture.
Research Questions:
11 What are the trends of globalisation in context of entry strategies?11 What are the benefits of joint venture entering into international market?11 What are the risk associated with joint venture in international business environment?
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11 What are the effective strategies for expansion of business in internation market through
joint venture?
3. SCOPE AND LIMITATIONS
Scope: Scope is the extent of it usage of the research. The scope of this present research
is very broad as it is used in both corporate sector and academic sector (Binder, 2016). This
present research will be used by students who are studying as they will get knowledge and
understanding of globalisation international joint ventures, the risk and benefits as well as the
process of research. On other hand, this research is also very helpful for the corporate sector as it
will organisations identify the key trends in Joint ventures as well as it advantages and risk.
Limitations: Limitations are the shortcoming which are not in hand of researcher. In this
preset research, there are various types of shortcomings which are faced by researcher as follows
Cost Limitation, Cost is the total amount of money incurred during the research (Silva,
Torres, and Morellato, 2017). Researcher will plan the budget and allocated cost to all the
research activities. But, there are some condition where cost will be exceed like in taking
permission for websites an incurred various expenses like stationery, travelling cost and some
other expenses too.
Time Limitation: Time limitation is also one of the shortcomings that are unable to
control by researcher when it exceeds. If research is not completed on time it will affect the
outcomes of the research. So, in order to overcome the limitations, researcher have make a
schedule for that.
4. RESOURCES AND COST
Resources: Resources are the materials which are needed to carry out the research in
successful way. Without the availability of research, it is not possible to carry out the research in
a profound manner (Said and et.al., 2017). The resources required to conduct this present
research will be financial and human resources. Researcher needs staff members, stationery
items, USB, laptops for executing the research study.
Cost: The total amount which is required to carry out the research is called cost. For this
present research, researcher will plan the budget and distribute the cost to each task so that cost
cannot be exceed from that amount. Currently this research will be completed in approximately
12 weeks.
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RESEARCH METHODS USED
Research Methods
(Qualitative and Quantitative)
Qualitative
Research Approach
(Deductive and Inductive)
Inductive
Sampling
(Probabilistic and Non-probabilistic)
Probabilistic Sampling. 30 senior managers of
Tourism Union Internation (TUI).
Data Collection
(Primary and Secondary)
Primary through survey via questionnaire.
5. PROJECT PLAN, GANTT CHART OR WORK BREAKDOWN
STRUCTURE
Activities Week 1
Week
2
Week
3
Week
4
Week
5
Week
6
Week
7
Week
8
Week
9
Week
10
Wee
k 11
Week
12
Selection of topic
Framing aim and
objectives
Conducting
literature review
Selection of
research methods
Completion of
research
proposal
Conducting
literature review
Selection of
research methods
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Collection and
Analysis of Data
Drawing
conclusion and
framing
recommendations
Final submission
6. RISK REGISTER
Risk Register is the document or tool that is used for risk management and project
management. Researcher will formulate the risk register in order to take corrective actions so
that it cannot able to affect the outcomes of the research. There are five types of risk which are
associated with this present research are as follows-
 Physical injury like accidents, illness or disease: It might be happen that research fall ill
or any accident may be their that makes delays in evaluating the outcomes.
 Theft and loss of data: It might be happen that data may be lost and stolen by any person.
 Ethical Misconduct: Researcher is aware of all the laws related in carrying the research.
But it might be happen that any other person might breach the ethical practice of research
(Hillso and Murray-Webster, 2017).
 Lack of relevant information: Participants may not provide information truly and
honestly that may influenced the data.
 Lack of interest of participants: Participants may not take interest in research.
RISK
IDENTIFIED
LIKELIHOOD IMPACT RESPONSIBILI
TIES
MITIGATING
ACTIONS
Physical injury
like accidents,
illness or
disease.
Medium High Researcher Researcher
must take
proper
medicines and
if happen that
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research work
can be
delegated to
any other.
Theft and loss
of data.
High High Researcher and
Staff Member
Set password in
Laptops and
USB.
Ethical
Misconduct.
Low High Researcher Informed
Consent
Lack of
relevant
information
Low Medium Researcher In text
referencing
Lack of
interest of
participants
Low Medium Researcher By
communicating
the importance
and scope of
research.
REFERENCES
Books and Journals
Bernstein, H. and Brass, T., 2016. Globalisation and Restructuring in the Indian Food Industry.
In Agrarian Questions (pp. 199-218). Routledge.
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Bnder, J., 2016. Global project management: communication, collaboration and management
across borders. Routledge.
Hillson, D. and Murray-Webster, R., 2017. Understanding and managing risk attitude.
Routledge.
Said, S.S., Kasuma, J., Yacob, Y., Kassim, S.A., Sarkawi, I.M. and Shahrinaz, I., 2017.
Managing Risk, Networking and Managing Finance and the Successful Of Sarawak
Bumiputera Entrepreneur.
Silva, T.S.F., Torres, R.S. and Morellato, P., 2017, December. Potential and Limitations of Low-
Cost Unmanned Aerial Systems for Monitoring Altitudinal Vegetation Phenology in the
Tropics. In AGU Fall Meeting Abstracts.
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