Expanding Business Globally

?Alcoa is the worlds leading producer and manager of primary aluminium, fabricated aluminum 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 obligation?? (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 ?? peg menace with Shanxi Yuncheng scratch theme of China? in Kunshan City, China.? (Business Wire, 2006) Alcoa holds the managing interest in the common peril at 70%. In a joint venture, these companies will ??share investment costs, risks, management, and profits?? (Bovée/Thil l/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 establish since expanded to fourteen locations with almost 3,000 employees. They have plants, which have been acknowledge by local governments for, their policies and practices focused on the environment, health and recourse standards and processes.

Alcoa has go on to ensure their values; principles and human rights limit are maintain while ??acknowledging the country?s remarkable regulatory environmental and social-economic circumstances.? Alcoa expects double-digit growth and supply and demand that is more than balanced in their industry in Chin! a. Alcoa understood the technological advancements, manufacturing capacity, and quality unusual investment they would bring to the Chinese aluminum industry with products China could not make. (Alcoa, Inc., 2006)Some of the challenges Alcoa has had to overcome include tighter industrial policies in the aluminum sector, an electricity shortage, approval of ?new? facilities, forcing the expansion... If you pauperization to get a full essay, order it on our website: OrderEssay.net

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