Students are required to research the business partnership between China National Chemical Corporation (ChemChina) with Pirelli, the Italian tyre maker from 2009- 2015.(3000 words not included appendix and references, the similarity must below 10%).BRIEFIn this assignmt, you have to search information do appendix firstly. And then you answer the questions need information related appendixes that you did, you just need point the name of appendix [For example: Appendix A of Political (Amit, 2000) for this analyzed] without rewriting again to save the word count.Pls make sure write 600 words/question!PART AQuestion 1 (600 words)With reference to the academic literature and using your analysis of relevant environmental factors, suggest the most important external issues and trends driving the partnership of ChemChina with Pirelli, Italian tire maker. In which areas are the expected internal benefits and synergies for both companies? Why are the Chinese and the Italian governments involved?1.1 External Issues and trends driving the partnership of ChemChina with Pirelli1.2 Internal benefits and synergies for ChemChina and Pirelli1.3 The reasons of the Chinese and the Italian governments involvedQuestion 2 (600 words)With reference to the academic literature, how would you describe this partnership? Explain the risks associated with this choice of partnership. Compare and contrast this choice with Pirelli’s earlier partnership with PT Astra. Justify your view.2.1 Type of the partnership between ChemChina with Pirelli2.2 The risks associated with the partnership of ChemChina and Pirelli2.3 Compare and contrast Acquisition and Joint VentureQuestion 3 (600 words) need to use Handy modelBy applying appropriate theory and using evidence from your research of these companies, analyse the nationalandcorporate cultures involved. Speculate on the impact of both on this ‘partnership’ between ChemChina with Pirelli.3.1 National culture of China and Italy3.2 Corporate cultures of ChemChina and Pirelli3.2 Impact of partnership between ChemChina with PirelliQuestion 4 (600 words)Drawing upon academic literature and theory, critically discuss the possible effects, both positive and negative, of exchange rate movements on the deal.4.1 Positive and Negative effects of transactional exposure and the hedging policy4.2 Positive and Negative effects of translational exposure the hedging policy4.3 Positive and Negative effects of economic exposure the hedging policyPart B (600 words)Question 5 (I’m the international student from Vietnam come Singapore to study)Identify three (3) specific aspects or challenges of doing business internationally that you have come to appreciate through the seminars or Expert Lectures onthis module. Explain why these are significant to youpersonallyand to thefutureof international business.5.1 Culture in doing business internationally5.2 Selection criteria in collaboration efforts through partner analysis5.3 Exposure to financial environmentAPPENDIX (you just have to search information from many different sources, pls note: in text citations. For every factors of every appendixes must have at least 4 citations). The factors in each appendixes must have links to each other.Ex: Porter’s 5 Forces in China from 2009- 2015Threat of substitudes: low.Limited number of substitutes, pressure from cheaper Chinese imports (Parul Arora, 22 June, 2013)..China’s automobile industry has been developing fast. China was also the world’s largest producer and exporter of tires (DUBLIN, Mar 16, 2017)..Regulations on labels and green tire, a lot of bankruptcies among second-tier and fake tier in tire makers (David Shaw, 2017)….Appendix A- PESTEL analysis of China from 2009- 2015· Political: …· Economic: …· Social: …· Technological: …· Environmental: …· Legal: …Appendix B- PESTEL analysis of Italy from 2009- 2015· Political: …· Economic: …· Social: …· Technological: …· Environmental: …· Legal: …Appendix C- Porter’s 5 Forces in China from 2009- 2015· Bargaining power of suppliers (low/ high)…· Bargaining power of customers (low/ high)…· Threat of new entrants (low/ high)….· Threat of substitutes (low/ high)….Appendix D- Porter’s 5 Forces in Italy from 2009- 2015· Bargaining power of suppliers (low/ high)…· Bargaining power of customers (low/ high)….· Threat of new entrants (low/ high)…· Threat of substitutes (low/ high)…..Appendix E- Hofstede national culture analysis of China from 2009- 2015· Power distance (low/ high)….· Uncertainly avoidance (low/ high)….· Individualism versus collectivism (Individualism/ collectivism)…· Masculinity versus femininity (Masculinity/ femininity)…· Confucian Dynamism (long term/ short term)….Appendix F- Hofstede national culture analysis of Italy from 2009- 2015· Power distance (low/ high)….· Uncertainly avoidance (low/ high)….· Individualism versus collectivism (Individualism/ collectivism)….· Masculinity versus femininity (Masculinity/ femininity)…· Confucian Dynamism (long term/ short term)….Appendix G- Trompenaar’s (1984) 7 diversity cultures framework of China & Italy from 2009- 2015· Universalism vs. Particularism…· Individualism vs. Communitarianism…· Neutral vs. Emotional…· Specific vs. Diffuse….· Achievement vs. Ascription…· Sequential vs. Synchronic….· Internal vs. External control….REFERENCES (at least 50 journal articles).
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