Реферат: International Business Ventures Essay Research Paper International

Physical and mental stamina were at a low-point when the team left the plane.

Secondly, the change in surroundings has an effect on the emotions of a person.

Third, it allows for the creation of a team from a group of individuals. A

sense of camaraderie can be established during this free time.

By the beginning of the week the team was eager and ready to start work on the

study. Using the contact list and each individuals daily schedule the team was

sent about to gather information. From each contact on the prepared list each

member was expected to gain at least two additional contacts. While meeting

with contacts the team was asked to differentiate between opinion and fact.

This is because misinformation gathered by inexperienced people is very abundant.

Fortunately for Walbecker the team he had assembled was able to distinguish

between relevant and irrelevant material. During the study the team was also

required to take notes every day. They were also encouraged to go outside of

the metropolitan area in order to gain a better feeling of the country and it’s

people.

Upon return of the team from Athens, Walbecker concluded the following: the

rate of return would be 16 percent, the partners had good integrity and

intentions, the political situation was not extremely stable, the ownership

option was good for other projects if the Patras investment was slow, and there

were no technical or market developments evident to slow down progress in

construction. From these findings Walbecker had to persuade the Board to agree

to the venture. He concentrated on the soundness of the venture, the

reliability of the partners, and the advantages of Greece. Using market analyses

and forecasts, an audit of Titan’s financial affairs, the geological report,

plant layout and consolidated capital estimates, and a business-environment

report, which covered the political situation, the economy, partner evaluation,

and an outlook on the country’s currency-the Drachma-Mr. Walbecker was prepared

to start finalizing the report. Concluding the report were the financial

details on the US$4.5 million equity needed by Yankee. Before giving a