Sunday, November 24, 2019

Free Essays on Renault & Nissan Joint Venture

Since the 1980's, and even more now in the late nineties, it has become a growing trend for companies, both large and small, domestic and foreign, to form strategic alliances within their particular industries. There are many specific goals that companies may be looking to achieve by dong this, but the main underlying reason is to guarantee the long-term sustained achievement of "fast profitable growth" for their business. They have to keep up with a rapidly increasing diversified global market and increased competition. Renault and Nissan join forces to achieve profitable growth for both companies†¦ On Saturday, March 27th, it was announced that Renault, a French car manufacturer, would be teaming up with Nissan Motor Corporation in a $5.4 billion deal that created the world's fourth largest automaker. This deal gives Renault a 36.8% stake in Nissan, a company that has been struggling financially for the past few years. "The $5.4 billion deal between Renault and Nissan hands over effective control to the French automaker in exchange for badly needed cash" (Wwodruf). There are other agreements within the contract, but they will not be discussed in much detail at this time. Both of these corporations plan on benefiting from the merger. This alliance will resolve Nissans very substantial financial problems. Renault will be given the opportunity to join the automotive big leagues at a time of global expansion in the auto industry (Marks). Market expansion will be possible because Nissan is strong i n Japan, Taiwan, Thailand and North America- markets where Renault has no presence. On the other hand, Renault is one of the top marketers in Europe, while Nissan is just a small player. Nissan is strong in trucks and luxury cars, and Renault is strong in small, mass-market cars. Even though the deal sounds great, it does not come risk-free. Many skeptics believe that the teaming up of two struggling automakers will not result in profitabilit... Free Essays on Renault & Nissan Joint Venture Free Essays on Renault & Nissan Joint Venture Since the 1980's, and even more now in the late nineties, it has become a growing trend for companies, both large and small, domestic and foreign, to form strategic alliances within their particular industries. There are many specific goals that companies may be looking to achieve by dong this, but the main underlying reason is to guarantee the long-term sustained achievement of "fast profitable growth" for their business. They have to keep up with a rapidly increasing diversified global market and increased competition. Renault and Nissan join forces to achieve profitable growth for both companies†¦ On Saturday, March 27th, it was announced that Renault, a French car manufacturer, would be teaming up with Nissan Motor Corporation in a $5.4 billion deal that created the world's fourth largest automaker. This deal gives Renault a 36.8% stake in Nissan, a company that has been struggling financially for the past few years. "The $5.4 billion deal between Renault and Nissan hands over effective control to the French automaker in exchange for badly needed cash" (Wwodruf). There are other agreements within the contract, but they will not be discussed in much detail at this time. Both of these corporations plan on benefiting from the merger. This alliance will resolve Nissans very substantial financial problems. Renault will be given the opportunity to join the automotive big leagues at a time of global expansion in the auto industry (Marks). Market expansion will be possible because Nissan is strong i n Japan, Taiwan, Thailand and North America- markets where Renault has no presence. On the other hand, Renault is one of the top marketers in Europe, while Nissan is just a small player. Nissan is strong in trucks and luxury cars, and Renault is strong in small, mass-market cars. Even though the deal sounds great, it does not come risk-free. Many skeptics believe that the teaming up of two struggling automakers will not result in profitabilit...

Thursday, November 21, 2019

Leadership Journey Assignment Example | Topics and Well Written Essays - 1250 words

Leadership Journey - Assignment Example In the very first journal for instance, one got to realize that my initial belief and understanding that leadership is the ability to influence others is just a partial facet of a more comprehensive and widely encompassing theory. It was therefore immensely appreciated that one got to realize that there are different definitions of leadership. In one’s search in Google’s online search engine for the definition of leadership, it amazingly revealed that the output generated as much as 94.7 million results (Google, 2013). This is an indication of the extensiveness and comprehensive depth of studies and information generated on the topic of merely trying to define leadership. Through the course, one eventually got to realize that the concept of leadership constantly transforms and unfolds. It was very helpful to have differentiated the concept of leadership with that of management (Journal 1, 2013). Though closely related, leadership was learned to be an important component as one of the functions of management through directing or leading; in conjunction with the other functions of planning, organizing, staffing and controlling (Management Study Guide, 2013). Thus, one came to realize and recognize that leadership in a crucial component in the quest and pursuit of strategies that influence and direct others to achieve explicitly defined goals. Leaders were learned to possess traits, skills, competencies, and qualifications that make them effective in their specialized endeavors (Journal 2, 2013). Likewise, one learned more about the three skill approaches that were reportedly developed by Katz (Journal 3, 2013) and the role of leaders as coaches (Journal 4, 2013). All the relevant theories also assisted in gaining a more in-depth knowledge of leadership and how this is applied in contemporary settings. How does this relate to the theory? One learned that the concept of leadership has been tried to be explained through the various theories which were presented and expounded: transactional leadership (Journal 5, 2013); the path-goal theory (Journal 6, 2013); transformational leadership (Simic, 1998); the contingency approaches to leadership (Martires & Fule, 2004); and situational model of leadership (Hersey & Blanchard, 1988); among others. For instance, the understanding that leaders are born with innate traits and skills; and not made were eventually inspired in the traits approach. As emphasized, â€Å"theorists sought to identify certain personality traits like intelligence, ambition, and charisma that are associated with effective leaders† (Martires & Fule, 2004, p. 155). On the other hand, there was another approach which allegedly emerged: the behavioral approach. According to Martires & Fule (2004), â€Å"the behavioral approach endeavors to find answers to the question of what behaviors, actions, and skills make effective leadership possible. Compared to the trait approach, the behavioral approach has a great pr actical usefulness since behavior, actions, and skills can be modified and learned† (p. 156). The path-goal theory, for instance, was deemed an action-oriented approach to leadership effectiveness (Journal 6, 2013; Martires & Fule, 2004). Therefore, the importance of understanding this theory lies in determining what factors or strategies would assist leaders and managers in achieving identified goals. It was disclosed that â€Å"beyond the dual functions of goal-setting and path-finding, the (path-goal theory) suggests that the manager’s job is to create a motivational environment that enhances the likelihood that employees will behave toward goals. This requires that managers have to