International Business Management (Strategic Alliances types) Essay

International Business Management (Strategic Alliances types) - Essay Example Features responsible for success of an alliance are managing co-ordination and trust between partners. Trust develops through various processes as commitment, bargaining and interaction. The alliance must also develop trust between its vendors and customers, this is relational capital. Trust among the customers raises the alliance reputation capital, consequently resulting to alliance success. Alliances are founded on contract and not friendship bases, therefore, each partner is expected to be committed and display its trustworthy. The alliance maintenance must focus on trust between the parties involved and the degree of adherence to set rules and regulations. The partners have the advantage to learn from each other without exploiting each other through resources or capabilities. Knowledge diffuses takes place from one firm to all the alliance parties. In each alliance well defined, rules are set aside to protect the parties from exploitation by the giant partners. The general types of strategic alliances are Joint venture, non-equity alliance, equity strategic alliance and global strategic alliance (Gomes, 2011, p. 53-47). Joint venture alliance involves a long term investment between two or more organisation which benefits all partners. The investment includes funds, resources and facilities which are contributed equally by the associated companies. A classic example of the joint venture is Caltex Company that is formed between the California Standard oil and the Texaco Company earlier known as Texas Company (Mitchell, 2013, p. 77). The petroleum company products are available in more than 60 countries in the Asia, Middle East, pacific region and the Southern Africa. Caltex is a global organisation having its product distributed and consumed in many parts of the world. The companies combined their resources together to create a separate business. Chevron had plenty oil wells but

Entrepreneurship and Small Business Development , One written project Essay

Entrepreneurship and Small Business Development , One written project on the theme of one selected attribute associated with the - Essay Example The returns of an entrepreneur are the profit generated by the corporate organization. Capital in the economic sense is a produced means of production (Iversen, Jorgensen and Malchow-Moller, 2008). However, an entrepreneur in business is termed as the human capital. The economic capital of the organization can only be productive with the benefits of the human capital in its business operations. In 1999, Richard Cantillon had stated that leadership of the entrepreneurs is responsible for the different circulations and changes in the economy (Glover, 2013). However, in the later stage of 2001, Jean Baptiste had stated that an entrepreneur is the primary agent of fabrication in the economy (Glover, 2013). An entrepreneur is the person who has the responsibility to manage, organize and also, forecast the impending risks in a business organization. After the emergence of globalization, the trading activities in nations have largely improved. Each and every country in the world has experie nced high growth rates with the rise in the number of new business firms. The rise in the number of small business developments has helped to improve the value of national products and employment opportunities in nations. The context of this essay will show the contribution of entrepreneurs in small business developments, both empirically and theoretically. ... It is the leadership quality of an entrepreneur that helps him to facilitate new business developments. Eminent scholars had stated that entrepreneurship in business encompasses a whole new concept (Stryker, 1998). They claimed that the originality and self sufficiency of entrepreneurship is different in business. Entrepreneurship in business helps to convert the technical resources in business to product and services. However, considering the characteristics, it can be concluded that entrepreneurial behaviour develops with time. This paper would primarily concentrate on the Leadership School Of Thought on Entrepreneurship that was first introduced by Cunningham and Lischeron in 1991 (Madsen, Neergaard and Ulhoi, 2008). This concept explains that entrepreneurs are actually the leaders of common people. They assure that their subordinates accomplish the different purposes and objectives in the workplace. Direction and motivation are the other skills of an entrepreneur that is develope d from the basic quality of leadership. This School of approach is completely non-technical in nature. It explains that a successful entrepreneur must have the quality of leadership with which he would be able to attract people and convert business vision into reality. It was also proclaimed by Schein in 1983 that an entrepreneur is a leader who is responsible for upgrading the work culture of a firm (Glover, 2013). It is true that the management and leadership attributes are the factors which help in the establishment of small business firms. Cogliser and Brigham had stated in 2004 that leadership theories were established long ago, but the practical linkage of leadership with entrepreneurship is made in the recent years. The main theories of