Corning Vitro Joint case study

Executive Summary In the era of globalization and liberalization, it is genuinely important for company to practise well and access to world-wide market by acquisition, mergers, alliances or juncture pretend to ready and to keep market percent in such a cut throat militant environment. International business requires often of practice and research of the legions countrys economical, political, legal, regional, heathenish environment. Among all of these factors cultural conflict is also single of the important issues for the success of international business. failing doing so whitethorn lead any company to the bankruptcy of the business. NAFTA is encouraging international companies of US for fit fortuity with Mexican companies. As per the gaucherie study Corning is American company and Vitro is Mexican company. Both companies were doing very well after juncture venture, in the market and as well at technological level. til now due to miss of understanding cultur al differences and perplexity way companies had to dissolve venture after 25 months, which indicates that before joint venture formed, companies should earn more focus on the cultural understanding. trigger This report essentially emphasize on the span cultural issue. Corning is US establish company and Vitro is Mexican base company. Both companies history indicates that they were earning declamatory part of profit from joint ventures with other countries local companies. victorious considerations of only some similarities two companies decided for joint venture without prior study of the to each(prenominal) one others organizational culture. After joint venture both companies get benefits interims of quick market keenness and advanced technology sharing. though joint venture was financially performing good, after 25 months this venture dissolved, giving evidence that both were failed to understand each others organizational culture. There were conflicts wi th management decision style, employee invol! vement in management, work approach and behavioral differences. This report provides detailed feature and...

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