Business Culture Environment Essay Example | Topics and Well Written Essays - 1000 words

Business Culture milieu - Essay ExampleHis mission does not include trying to transform the Chinese business socialization or their society. So taking a very hard and principled stance is never a great business strategy. A sound business strategy is one that is pragmatic, realistic and with a prepare profit motive and wealth maximization for the comp anys stakeholders. Ref. 2 Profit Motive by Murphy Warren.This is all the same more so, because by winning one moral victory at a very steep cost, there is no guarantee that it will bring greater benefits to the joint venture in the future. at that place is no guarantee that it will lead to a change of heart and a change of conclusion of your Chinese partners. There is no guarantee that raze the same people with whom you negotiated this protracted conflict, will even be there by the sequence the joint venture moves forward into its next stage of progress, considering that most(prenominal) of the key employees belong to the state and the communist party, and can be re-shuffled or transferred to opposite positions at any time.The problem with a joint venture is that the more time you lose in the beginning everyplace smaller issues, the lesser time you are left with by the time you confront larger issues. Ref. 3 Effective International Joint Venture Management by R.C. Wolf Since the joint venture was already mangle to a bad start with an eighteen-month delay, the pressure was bound to increase as the negotiations progressed to other areas of the venture.During negotiations, the TNT jitney must take it into account the experiences of his competitors, and how they are dealing with such problems. In business, you cannot afford to ignore your competitors appearance and their strategies, while you remain trapped in your own personal beliefs or biases. Excessive loss of time gives opportunities to the competitors to occupy the space that has been left vacant by you. The fact that the negotiations of TNT with t he Chinese lasted five geezerhood before the joint venture could see the light of the day, speaks eloquently about its dismal performance. There is no way to justify such an inordinate delay merely by explaining the extremities of the Chinese culture. The TNT coach-and-four learned about the Chinese culture the harsh way, which proved too expensive for the joint venture. He ought to have done his homework well in advance, and been fully aware of what to expect from the Chinese. Without a arrant(a) knowledge and understanding of the Chinese culture, it would waste a lot of time in gathering ones accomplishment and experience, which is what happened with the TNT manager. The biggest strategic error of TNT was to put such a man in-charge of the negotiations with the Chinese, who had apparently no past experience in dealing with them. Such a valuable joint venture decidedly needed such people on the team of TNT who had either worked for many years in China, or alternatively, who we re men of Chinese origin working in the west for many years. In other words, the joint venture needed negotiators who understood both sides intimately.ANS. 2The TNT case is an outstanding manakin of cultural misunderstandings and miscommunications. Its