Statisties Assignment

Submitted to Farhana sadia Course Instructor Basic Statisties School of Business Studies Southeast University

Submitted by Umme Honey Sonia ID NO- 2011010000153 Batch 27th Section E,BBA Southeast University

Letter of Transmittal
August 2011 Mr. Md. Anamul Habib Course Instructor Introduction to Business School of Business Studies Southeast University Subject: Submission of Case Study. Dear Sir, With best sense of honour and decorum we would like to inform you that we are the students of 27th batch in Southeast University. We completed the case study, which was given by you. The case study was not so easy. We faced many problem but our group members worked hard. This case study gives us the opportunity to increase our knowledge. Your advice and guidance also helped us to finish this case study. We didnt copy it but if anybody copies our case study, we will not take these responsibilities. If we do any mistake, Please forgive us. May we therefore hope that you would be kind enough to accept our case study report and oblige there by.

Thank you, Sincerely yours, Md. Shafiul Alam Shaon (Group Leader)

Acknowledgement
At first thanks Almighty Allah who gives us the knowledge and thanks to our honorable course instructor Mr. Md. Anamul Habib. East meets west: Business joint venture, this case study was not so easy. We have done it so hardly. Firstly, we collected so much information from internet, some books and our friends. Then we study it with our group member and understand about the data of joint venture. After that, we completed it but faced many problems. But we overcome those problems by your lecture, instructions and some seniors help. Many many thanks to our senior brother. Again thanks to Allah and also thanks to our honorable course instructor.

Table of Contents

Title
01. Why would a joint venture partner from a planned economy have difficulty understanding that the consumer is king or Queen?

Page No

06--------07

02.

Could a small business owner tolerate a business deal (joint venture) that had little probability of being profitable within the first ten years?

07---------08

03.

Why have few Americans been willing to enter into joint venture with Soviet partners today (it is now mid-1991)

09---------10

Q1. Why would a joint venture partner from a planned economy have difficulty understanding that the consumer is king or queen? Answer: Joint Venture:
A joint venture is a strategic alliance where two or more parties, usually business, from a partnership to share markets, intellectual property, assets, knowledge, and, of course profits. A joint venture differs from a merger in the sense that there is no transfer of ownership in the deal. This partnership can happen between goliaths in an industry. Singular, for instance, is a strategic alliance between SBS and Bellsouth. It can also occur between two small businesses that believe partnering will help them successfully fight their bigger competitors.

Joint venture partner:

It usually to dissolve after the objectives has been achieved. In this business each partners have unlimited liability. Joint venture are fairly common in real several persons pool and their financial resources, they purchase large. Joint ventures are also used by firm that wants to do business in a foreign country. There is something truly magical about that precise moment when a product is bought or sold. I suppose its because our species has relied upon this most fundamental form of capitalism for so long.

Planned Economy:
As human become more efficient in drawing sustenance and were no longer engaged 100% in the act of survival, we learned to plant a little more rice or catch a few more fish. This abundance was then taken to the marketplace where people traded it for something they didnt have but nonetheless needed. Im no evolutionary biologist, but Id be willing to bet the act of buying and selling activates some ancient and primitive part of the human brain. The act of selling, of course, requires a customer, and for years sales professionals have been taught that Customer is King. They learn about the product they are selling, learn how to counter objections from their customer, learn how to educate their customer, and learn how to generate new leads. When each person was responsible for their own extra things it was clear who the customer was.

Difficulty understanding:

As business grew, though, entire functions came into being that had nothing whatsoever to do with product, or customers, or selling. It certainly makes sense. After all, there is no point in having every person in the company learn all the thousands of regulations associated with the accounting function. Its a trade-off, those, as a smaller and smaller proportion of employees gets to participate in that most sacred act of selling products to a customers.

Consumer is king or queen:

Soviet Union businessman always try to just sale their product. They cannot take any kind of responsibility for their product and they never give any kind of facilities to their customer. It is the fault of Soviet Union businessman. On the other hand American businessmen think that customer is the king or queen for them. Because they are always think about the long running businesses. Thy think if they get the customer happy their business run on long time. For this matter American businessman always give extra facilities to their customer. If they sell any kind of product then they say about the product the use of product and many other things. For this American Businessmen think customer are kings or queen for them.

Q2. Could a small a business owner tolerate a business deal (joint venture) that had little probability of being profitable within the first ten years? Answer:
There is no straight answer to this question. The decision involves addressing various elements. However, it is easy to overlook the hows and whats in the excitement of the moment. We will look at the hows in our review of the Eight Critical Factors of Success. For the moment, lets keep in mind that all mergers, large or small need to be planned if detail and executed following a strict plan in order to keep all the changes of success on your side. The "whats" should be covered in a legal agreement that will carefully list which party brings which assets (tangible and intangible) to the joint venture, as well as the objective of this strategic alliance. Although joint venture legal agreement templates can readily be found on the Internet, I suggest you seek the appropriate legal advice when entering such a business relationship.

Important questions to consider:

1. What do I sell, and how do I reach my target market? 2. Who are my competitors? If they are better at generating revenues and reaching the marketplace than me, what do they have that I don't? 3. Are there geographical areas that will remain beyond reach without local partners, or acquisition costs that are simply too high? 4. Do I need to develop a know-how, which has already been developed by a company or by an individual? 5. Do I have all the human resources I need in marketing, R&D, production, or operations? 6. Do I have access to the right legal resources to structure the joint venture and insure all aspects are duly covered? 7. Are there local legal regulations I can bypass by partnering with a local business? 8. Do I have access to successful joint ventures who can share their experience with me? 9. Do I understand that going through the decision process entails sitting down and taking the time to write a full-fledged joint business plan? 10. How do I feel about letting go of some of my most faithful employees? 11. Is my company in need of more credibility? Do I know of a potential joint venture target, which has the level of credibility I am seeking? 12. What are my strengths and weaknesses? What are the threats and opportunities in my target market? 13. Do I have all the support I need to go through this major change in my business life? The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involved no equity stake by the participants and is much less rigid arrangement. The major problem is not being able to create profit about first ten years for small business their capital. The partners who have huge capital dominate the small ones. Those who are huge in capital take the leadership into their hands. For the small business owner should be patient for 10-15 years. By this ten years small business tolerate their orders because this is time to make their network with other countries. So first few year does not prove profitable for them. After 10-15 years their network becomes as huge as they can express their demands in high range. By this they are began to be counted. This time they can expose their needs to walk with the big partners. But first few years they can not compete with these ends of huge partners as I mentioned earlier for their capital and poor network small businesses can hardly afford the things they need to develop in business world. On the other hand they are technically poor in whom the big partners are rich own first 10-15 years is like struggling time for these small businesses. By this time they introduced their business to the world market. Joint venture is for protecting harmful completion. By this they dominate at a stretch. So small

businesses are wants their support. So the biggest thing about their back wardens is their capital.

Q3. Why have few Americans been willing to enter into joint venture with soviet partners today (it is now mid-1991)?
A joint venture takes places when two parties come together to make on one project. In a joint venture, both parties are equally invested in the project in terms of money, time, and effort to build on the original concept. While joint ventures are generally small projects, major corporations also use this method in order to diversify. A joint venture can ensure the success of smaller projects for those that are just starting new projects is generally high; a joint venture allows both parties to share the burden of the project, as well as the resulting profits. As we know for east meets west for healthy bonding in business relationship many countries are willing to joint it. America is top at this list America has a huge contribution in western business. Americans are willing to join in this because statistics shows that they are getting more profitable by dealing in eastern countries. Eastern countries are always using the food of western product. They get influenced by western culture. This fact works rapidly for the Americans. Americans sale most of their products to the eastern countries and this is the major way for their foreign earnings. They are selling their culture also with the products. By the satellite or the other way are getting curious about America and other countries as well. If we count the profitable list America is getting top on the table. For their well they are willing to be a member of joint venture.