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Partnering for international business

Case: I am in charge of negotiating an agreement in Korea with the state-owned electricity company to build and own a manufacturing plant. It has been suggested that I include one of the son of the president as a partner in the project. The son is a partner in many important companies even though I do not know of him having any business skills. The son of the president requests 15% of the equity and would be willing to take out a loan from your parent for the shares. The loan would be paid down with dividends on the shares he would hold.

Would you make him a partner, why or why not?

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Management involves the development of organization systems and practices for the planning, acquisition, development and utilization of manpower. This case deals with managing cross cultures.

In high context, cultures such as China ...