Research On Problems Of Egyptian Joint Venture Management

With the globalization of the economy,the economic development of countries around the world has become increasingly close,and the world has increasingly become a "global village." The countries of the world are becoming more and more inseparable with the global division of labor,and the countries are closely connected,cooperating and interacting with each other.However,it must also be noted that the unbalanced and uncoordinated development of the country due to various factors such as social and economic development of countries still exists.Many developing countries have adopted many policy measures to develop their own economies.Among them,the joint venture is an economic organization that emerged in this context.Joint ventures are increasingly important as the status of joint ventures between countries.At the same time,because the joint venture is a business organization jointly funded by domestic capital and foreign capital,there are differences in the cultural background,institutional environment,and management model of the joint venture parties.Therefore,joint ventures must have business management theories,management techniques and strategies that are appropriate to their particularities.Egypt has actively supported foreign investment in recent years,and has enacted a new investment law.It has formulated many preferential measures for foreign investors,vigorously introduced foreign investment,and many joint ventures have emerged.However,due to various reasons,some problems have arisen in the development of joint ventures in Egypt.Mainly reflected in the differences in business strategies,the huge differences in management concepts,and the differences in corporate culture,the development of Egyptian joint ventures has been hampered.These issues need to be studied and have good practical value.After nearly 40 years of reform and opening up,China has implemented measures such as reform and opening up,the introduction of foreign capital,and the use of the market for technology.The economic level has developed rapidly and achieved remarkable achievements.The total economic output is currently ranked second in the world.China’s success has important lessons for developing countries around the world.Egypt and China are both developing countries and ancient civilizations,and they have an important position in the history of world culture.In terms of national conditions,China and Egypt face many similar situations,such as more state-owned enterprises,fewer people,less foundations,and a weaker foundation.Therefore,drawing on the experience of the development of joint ventures in China and providing experience for the management of joint ventures in Egypt has important research significance.At the same time,due to the implementation of reform and opening up in China and the long-term development of joint ventures,many companies have achieved great success.For example,China’s auto industry,including Shanghai Volkswagen,FAW-Volkswagen,Dongfeng Peugeot,and Guangzhou Honda,has provided more excellent products to Chinese consumers and contributed a lot to China’s economic development.Therefore,by studying the development of China’s joint ventures,summing up the relatively mature path and management of joint ventures,it has certain reference significance for the development of joint ventures in Egypt.By studying the successful experience of Chinese joint ventures,this paper believes that the success of Chinese joint ventures mainly includes innovation in management technology,cultural tolerance,and flexible policy support,which are important factors for the success of Chinese joint ventures.These are important references for the management of Egyptian joint ventures.