Real Aramco is experienced in green technology development and has a strong presence in markets around the world. Jioliance Industries has a diverse business structure but relies on outdated petrochemical techniques. Aramco wants to expand into new markets like India and Africa while continuing to invest in sustainability. Jioliance wants to introduce green technology in India to close deals and gain first mover advantages. If negotiations fail, Aramco may invest in an Indian company and Jioliance may obtain a license for Aramco's green technologies.
Real Aramco is experienced in green technology development and has a strong presence in markets around the world. Jioliance Industries has a diverse business structure but relies on outdated petrochemical techniques. Aramco wants to expand into new markets like India and Africa while continuing to invest in sustainability. Jioliance wants to introduce green technology in India to close deals and gain first mover advantages. If negotiations fail, Aramco may invest in an Indian company and Jioliance may obtain a license for Aramco's green technologies.
Real Aramco is experienced in green technology development and has a strong presence in markets around the world. Jioliance Industries has a diverse business structure but relies on outdated petrochemical techniques. Aramco wants to expand into new markets like India and Africa while continuing to invest in sustainability. Jioliance wants to introduce green technology in India to close deals and gain first mover advantages. If negotiations fail, Aramco may invest in an Indian company and Jioliance may obtain a license for Aramco's green technologies.
Experience: Aramco being one of the biggest investors in sustainable products has a enormous experience in developing green machinery and innovative technologies. Business Reach: The company has been dominating the middle-east Asian, North American and European markets with a diverse range of services in petrochemical products. Capital: Being a profitable multinational conglomerate, it is one of the richest petrochemical companies in the world and has significant cash reserves to explore growing fields. Jioliance Industries (“Jil”) Diverse Business: Being a multinational conglomerate and a major beneficiary of the changing commercial dynamics of Vindia, it has a diverse business structure. Attractive Business Model: Being one of the dominating leaders in the petrochemical market and having established position in other fields of business, it attracts major investments. Petrochemical Business: Jil’s major success is linked to its strong hold in petrochemical exploration, refining and marketing. STRATEGIC WEAK POINTS Aramco Market Reach: Though the company successfully dominates major markets in the world, but it hasn’t yet stepped into many growing markets like Vindia and Africa. Jil Failure to meet demand: The company has been facing issues in meeting the demand owing to the inadequate supply of raw materials. Obsolete Methods: Jil heavily relies on obsolete techniques in its petrochemical business, which is against the growing demands for the use of sustainable and green technologies. NEEDS AND INTERESTS Aramco Expansion of Business: The company wants to utilise its cash reserves and resources to expand its business to new markets and fields. Invest in Green Tech: As Aramco is one of the major investors in sustainable and environment friendly products, it wants to pursue the same while expanding its business. Jil Introduce Green Tech: The company wants to renovate its outdated machinery and introduce green and sustainable technology in Vindian petrochemical market. First Movers Benefit: Functioning in a highly competitive market like Vindia, Jil wants to close the deal in the current fiscal year and take the first movers’ benefit. BEST ALTERNATIVE TO NEGOTIATION AGREEMENT (BATNA) Aramco Should the negotiation fail, the best alternative for Aramco would be to invest in a government company and introduce green technologies in Vindian petrochemical market. Jil Should the negotiation fail, the best alternative for Jil would be to obtain license to the green technologies of Aramco. In return, Jil would pay a share of the total revenue from its petrochemical business, for a period as agreed by the parties. WORST ALTERNATIVE TO NEGOTIATION AGREEMENT (WATNA) Aramco Should the negotiation fail and Aramco is unsuccessful in investing in a petrochemical company in Vindian market, it can explore to invest in other Asian markets. Jil Should the negotiation fail, the best alternative for Jil would be to collaborate with a green technology firm, so as to renovate its technology and machinery. OBJECTIVES AND GOALS Aramco Business Expansion: Aramco would further like to invest in new markets and collaborate with various synergies. Invest in Green Tech: The company wants to further pursue its sustainable model and innovate new green technologies in different fields. Jil Business Expansion: The multinational would like to expand its business and explore business opportunities in different markets, such as Africa. Tech Advancement: The conglomerate wants to renovate its aging machinery and introduce sustainable technology in Vindian market, so as to ramp up its production and meet the growing demand.