Expanding Business Globally

?Alcoa is the worlds leading producer and manager of primary aluminium, fabricated atomic number 13 and alumina facilities, and is active in all major aspects of the industry.? (Alcoa, Inc., 2007). Alcoa serves a number of markets, has over 120,000 employees, and operates in 350 locations in 43 countries. (Alcoa, Inc., 2007). Alcoa, in 2000, developed a ?2020 Framework for Sustainability? (Alcoa, Inc., 2007) which includes their global arena. This Framework looks at three key pillars (??financial success, environmental excellence, and social righteousness?? (Alcoa, Inc., 2007)); and has six components or focus areas. (Alcoa, Inc., 2007)In April 2006, Alcoa grow their china nominated head to include a ?? spliff menace with Shanxi Yuncheng grave theme of China? in Kunshan City, China.? (Business Wire, 2006) Alcoa holds the managing interest in the peg run a risk at 70%. In a joint venture, these companies will ??share investment costs, risks, management, and profits ?? (Bovée/Thill/Mescon, 2007)Alcoa has had a positivistic experience expanding their business into China. They entered their first joint venture in 1993 through a technology relationship and stimulate since expanded to fourteen locations with almost 3,000 employees. They have plants, which have been know by local governments for, their policies and practices focused on the environment, health and precaution standards and processes. Alcoa has go on to ensure their values; principles and human rights pose are maintain while ??acknowledging the country?s comical regulatory environmental and social-economic circumstances.? Alcoa expects double-digit growth and supply and demand that is more than balanced in their industry in China. Alcoa understood the technical advancements, manufacturing capacity, and quality unusual investment they would bring to the Chinese atomic number 13 industry with products China could not make. (Alcoa, Inc., 2006)Some of the challenges Alc oa has had to overcome include tighter indus! trial policies in the aluminum sector, an electricity shortage, approval of ?new? facilities, forcing the expansion... If you requisite to get a full essay, order it on our website: OrderEssay.net

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