Uiscussions Chapter 3 Discussion -- Critical Thinking This is a graded discussion: 30 points possible Chapter 3 Discussion -- Critical Thinking Barbara Hawksley due Apr 9 34 34 Topic: Evaluating Global Expansion Greenwich Industries entered the Latin American market in the 1950s by forming a joint venture with Industro Viejes in Santo Ignezeto to manufacture bicycle parts. The joint venture flourished in the 1960s, and Greenwich eventually bought out 100% ownership. The company earned steady profits from the Latin American subsidiary until a military junta overthrew the government in the late 1970s. The ruling generals expropriated all foreign-owned companies, including the Santo Ignezeto bicycle parts plant. Today Santo Ignezeto is ruled by a democratic government that has been in power for 10 years. Industro Viejes has approached Greenwich about another joint venture. The government is offering an attractive incentive package to attract foreign investment You have been assigned to travel to Santo Ignezeto and begin planning and staffing. Directions: Read the Topic scenario on Evaluating Global Expansion. Post your answer to the four (4) discussion questions: 1. What are the potential problems that face the new venture? 2. What are the potential advantages of this venture for the company 3. Would you recommend entering the joint venture? Why or why not? 4. If Greenwich Industries partners with Industro Viejes, would you recommend hiring local managers or American managers for the top and middle management positions? Why? After you post your initial reply to the topic by Wednesday evening at 11:59 pm Pacific Time, then read through the other entries and reply directly to one classmate by Thursday evening at 11:59 pm Pacific Time. Please make a substantive contribution to the discussion; short replies such as "I agree" will not eam full points. When you reply, make sure to use professional grammar and punctuation. Search entries or author Unread 0 m