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Transworld Minerals Inc. Reflection Essay
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Transworld Minerals Inc. Reflection Essay
The opportunity for Transworld Minerals Inc. to progress to Malaysia poses tremendous
analysis that analyses the nature of multinational organization reception in new markets and, more
so, in developing nations. This reflective essay will discuss further opportunities for Transworld to
sweeten the deal and ways for Transworld to mitigate the political risk that the Salaysian Coal
Mining Company possesses.
Additional Incentives to Improve the Attractiveness of Transworld's Proposal
Suppose John Wright wants Transworld's proposal to appeal to the Industries Ministry more.
In that case, we can add several other incentives to the list that reflect sustainable development
goals and local issues. Firstly, Transworld could offer a complex system of environmental
management that would cover areas not regulated by law. Thus, Laing et al. (2019) stress the need
to optimise the 3PMB's stock in the context of the coal mining industry, where the emphasis is
made on the environmental, social, and economic outcomes. Transworld could also adopt
environmental protection measures to ensure that it has a showcase of sustainable mining practices.
This could include specific measures as to how it would undertake land rehabilitation, water use,
and emissions control.
Secondly, Transworld should have a strong and well-developed safety management program.
The authors Wang and Li (2020) point out the need for safety measures in the extraction of coal.
This way, Transworld could suggest the best safety requirements and precautions while also being
considered a company with a strong focus on worker safety. This could include solutions such as
alarm and notification systems, recurrent safety training, and clear reporting structures.
Third, it may be possible to offer a technology transfer and capacity-building program that is
encompassing. In their recent article, Montrone et al. (2021) stress the significance of knowledge
management in the context of the coal sector. Such a program would involve introducing
Transworld's state-of-the-art mining equipment to the country and developing local human
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resources in the form of engineers and technicians who could operate and maintain such equipment.
This would overcome the problems that relate to dependence on foreign companies and would help
build up Salaysia's domestic potential in the long run.
Strategy to Offset the Political Advantage of the Salaysian Coal Mining Company
Transworld should factor in political strategies in the overall economic analysis to eliminate
this political threat that Transworld faces with the Salaysian Coal Mining Company having the
upper hand. First, it is important to suggest that Transworld should allow the local company to enter
a joint venture. This approach is in line with Montrone et al.'s sentiments (2021), which pointed out
the need for a balance between foreign direct investment in the coal sector and domestic priorities.
Such a shared undertaking could help Transworld implement its superior technology;
simultaneously, the Salaysian Coal Mining Company would have its interests at stake in the project,
thus reducing the political concerns.
Second, Transworld should assure the locals that the company supports the development of
their economy. Laing et al. (2019) also pointed out on the significance of social and Economic
factors in addition to the environmental issues in mining operations. Transworld could offer
programs that would promote the development of the local community, be it road construction,
schools, colleges, skill development centers for the locals and small scale ventures to support. This
would prove to Transworld that their concept of shared value is achievable, and there will be
necessary public support for the implementation of the project.
Thirdly, Transworld should market itself as having an enhanced safety and environmental
management system. As noted by Wang and Li (2020), better safety can be a source of competitive
advantage in the coal mining industry. In demonstrating how its technologies and processes can
enhance safety and environment standards beyond the local firm, Transworld could seek to present
itself as a complementary player in Salaysia's mining industry advancement.
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Given such, Transworld should focus on the active identification and management of their
stakeholder groups and future relationships with them. As per Montrone et al. (2021), the political
economy of coal mining in developing countries is quite a constrained one. For instance,
Transworld can directly interact with the government, various communities, and civil society in an
effort to appreciate key local issues. It might strengthen the company’s positions and contribute to
the change in the political climate in Transworld.
Conclusion
In this regard, by stressing on such aspects of their project as environmental protection,
safety management, technology transfer and local development initiatives, Transworld can increase
the likelihood of their proposal being readily accepted by the Industries Ministry. To balance out the
political power held by the Salaysian Coal Mining Company, Transworld should focus on a
partnership approach, maintaining relations with its main stakeholders, and showcasing
organizational competence in safety and the environment. Such approaches, based on the research
findings from the coal mining industry, can assist Transworld in understanding and managing the
political and economic challenges of internationalization and, at the same time, enhance the
development of Malaysia.
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References
T. Laing, A. Upadhyay, S. Mohan and N. Subramanian, 2019. Environmental improvement
initiatives in the coal mining industry: The concept is to achieve the optimum potential of
the triple bottom line. Int. J. Production Planning & Control, 30(5-6), 426-436.
Wang, H., & Li, Z. (2020). Mental health trends of COVID-19 patients in Wuhan, China. Journal of
Medical Systems. Risk management of the mining of coal. In IOP Conference Series:
Journal of Geophysical Research: Earth and Environmental Science (Vol. 598, No. 1), p.
012005.). IOP Publishing.
Montrone, L., Ohlendorf, N., & Chandra, R. (2021). The political economy of coal in India–
Surveying the existing literature and conducting interviews with experts. Energy for
Sustainable Development; 61, 230–240.
