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WhatisForeignCollaboration?
Definition,Meaning,Examples
Post:GauravAkrani.
Date:6/18/201210:50:00AMIST.
NoComments.
Label:Finance.

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Ingeneral,thedefinitionofforeigncollaborationcanbestatedasfollows.

Fayol'sPrincipleofDivisionof
WorkMeaning,Example,
Explanation

Foreigncollaborationisanallianceincorporatedtocarryontheagreedtask

PrinciplesofGoodLayoutforan
AdvertisementCopy

DefinitionofForeignCollaboration

collectivelywiththeparticipation(role)ofresidentandnonresidententities.
Allianceisaunionorassociationformedformutualbenefitofparties.

BasicAssumptionsofLawof
Demand

Foreign collaboration is such an alliance of domestic (native) and abroad

(nonnative) entities like individuals, firms, companies, organizations,

FINANCE

governments,etc.,thatcometogetherwithanintentiontofinalizeacontracton
sometasksorjobsorprojects.

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BANKING
MANAGEMENT
Infinance,thedefinitionofforeigncollaborationcanbespecifiedasfollows.
Foreign collaboration includes ongoing business activities of sharing
information related to financing, technology, engineering, management
consultancy,logistics,marketing,etc.,whicharegenerally,offeredbyanon
resident(foreign)entitytoaresident(domesticornative)entityinexchangeof
cheapskilledandsemiskilledlabour,inexpensivehighqualityrawmaterials,
low cost hitech infrastructure facilities, strategic (favourable) geographic
location, and so on, with an approval (permission) from a governmental
authorityliketheministryoffinanceofaresidentcountry.
Foreigncollaborationisthusanalliance(aunionoranassociation)formedfor
mutualbenefitofcollaboratingparties.

MeaningofForeignCollaboration
Themeaningofforeigncollaborationisdepictedinthefollowingchart.

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areVariousKindsofBanks?
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Followingimportantpointsconveythemeaningofforeigncollaboration:
1.Foreigncollaborationisamutualcooperationbetweenoneormore
residentandnonresidententities.Inotherwords,forexample,analliance
(aunionoranassociation)betweenanabroadbasedcompanyanda
domesticcompanyformsaforeigncollaboration.
2.Itisastrategicalliancebetweenoneormoreresidentandnonresident
entities.
3.Onlytwoormoreresident(native)entitiescannotmakeaforeign
collaborationpossible.Foritsformationandasperabovedefinitions,itis
mandatorythatoneormorenonresident(foreign)entitiesmustalways
collaboratewithoneormoreresident(domestic)entities.
4.Beforestartingaforeigncollaboration,bothentities,forexample,a

PrinciplesofGoodLending
EveryBankerFollowsLoans
DifferentFormsofAdvancesby
CommercialBanksLoanTypes
DutiesandResponsibilitiesof
ComputerOperatorinBank
NationalisationofBanksinIndia
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1991II1998Recommendations
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India(RBI)CreditPolicyofRBI

residentandnonresidentcompanymustalwaysseekapproval
(permission)fromthegovernmentalauthorityofthedomesticcountry.
5.Duringanongoingprocessofseekingpermission,thecollaborating
entitiesprepareapreliminaryagreement.
6.Accordingtothispreliminaryagreement,forexample,thenonresident
companyagreestoprovidefinance,technology,machinery,knowhow,

CATEGORY
AdministrativeLaw

managementconsultancy,technicalexperts,andsoon.Ontheotherhand,

Advertising

residentcompanypromisestosupplycheaplabour,lowcostandquality

Banking

rawmaterials,amplelandforsettingfactories,etc.
7.Afterobtainingthenecessarypermission,individualrepresentativeofa
residentandnonresidententitysignthispreliminaryagreement.Signature
actsasawrittenacceptancetoeachother'sexpectations,termsand
conditions.Aftersignaturesareexchanged,acontractisexecuted,and
foreigncollaborationgetsestablished.Contractisalegallyenforceable
agreement.Allcontractsareagreements,butallagreementsneednot
necessarilybeacontract.
8.Afterestablishingforeigncollaboration,residentandnonresidententity

BusinessDevelopment
CommunicationSkills
DistinguishBetween
Economics
Education
Finance
IndustrialPsychology

startbusinesstogetherinthedomesticcountry.

KalyanCity

9.Collaboratingentitiessharetheirprofitsaspertheprofitsharingratio

Management

mentionedintheirexecutedcontract.

MarketingResearch

10.Thetenure(term)oftheforeigncollaborationisspecifiedinthewritten

Photos

contract.

ExamplesofForeignCollaboration
Someprominentexamplesofforeigncollaborationaredepictedbelow.

ProductionPlanning
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HumanResourceDevelopment
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IncentivesTheoriesofMotivation
Maslow'sHierarchyofNeeds
TheTheoryofHumanMotivation
FrederickHerzberg'sTwoFactor
TheoryMotivationHygiene
Factors
DouglasMcGregor'sTheoryX
andTheoryYEmployee
Motivation
DavidMcClelland'sAchievement
Motivation,ManifestNeedTheory
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MarketingManagementArticle
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QualityControlTotalQuality
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Theexamplesofforeigncollaborationbetweenanindianandabroadentity:
1.ICICILombardGIC(GeneralInsuranceCompany)Limitedisafinancial
foreigncollaborationbetweenICICIBankLtd.,IndiaandFairfaxFinancial
HoldingsLtd.,Canada.
2.INGVysyaBankLtd.isafinancialforeigncollaborationformedbetween
INGGroupfromNetherlandsandVysyaBankfromIndia.
3.TataDOCOMOisatechnicalforeigncollaborationbetweenTata
TeleservicesfromIndiaandNTTDocomo,Inc.fromJapan.
4.SikkimManipalUniversity(SMU)fromIndiarunssomeacademic
programsthroughaneducationalforeigncollaborationwithabroad
universitieslikeLiverpoolSchoolofTropicalMedicinefromUK,Loma
LindaandLouisianaStateUniversitiesfromUSA,KuopioUniversityfrom
Finland,andUniversityofAdelaidefromAustralia.

ObjectivesofForeignCollaboration
Theobjectivesofforeigncollaborationarelistedinthefollowingimage.

Themainintentionorprimegoalorobjectiveofforeigncollaborationisto:
1.Improvethefinancialgrowthofthecollaboratingentities.
2.Occupyamajormarketshareforthecollaboratingentities.
3.Reducethehigheroperatingcostofanonresidententity.
4.Makeanoptimumandeffectiveuseofresourcesavailableintheresident
entity'scountry.
5.Generateemploymentintheresidententity'scountry.

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