Реферат: International Business Ventures Essay Research Paper International

management practices.6 For example, during contract negotiations with a

Japanese company there are times of long pronounced silence on the part of the

Japanese. They state that the negotiations, (will take a little longer,( and

(this is quite difficult.( From the American perspective one would become

frustrated at the slow pace of the negotiations. From the Japanese point of

view the negotiations are proceeding quite well. Differences such as the one

illustrated must be kept in mind at all times while communicating to any foreign

counterpart.7

The placement of the team is dependent upon the profession of the individual.

The accountants obviously speak and gather their information from the

counterpart’s accounting offices, and so on. Concerning placement, their daily

schedule should allow time for team meetings. During the meetings, progress and

the experiences of each member should be shared. This sharing of information

can bring the team closer together and also allow the supervisor to measure

progress and disseminate any changes in plans.8 As the importance of correct

understanding of the translator and the foreign counterpart are during

communication, the final communication of the study should be understood by the

top decision-makers. When these four steps are taken while conducting a study

the measure of feasibility will become more accurate.

Understanding the importance of proper analyzation of ventures can be seen with

the following example of the Patras Cement Company, SA.9 Yankee Cement Company

Inc. of Denver Colorado needed to approve an expansion of it’s subsidiary,

Yankee International SA of Switzerland. The expansion was to build a 500,000-

ton cement plant in conjunction with Titan Cement Co. SA of Athens. The plant

would reach full production capacity within two years after the beginning of

construction. Estimates by both Titan and Yankee showed that total capital

needed for the Patras operation was US$15 million. The equipment manufacturer,

F.L. Smidth of Copenhagen would finance 40 percent of capital expenditures, and

another 20 percent would be financed through the National Investment Bank for