Nobody downloaded yet

A of on How to Manage International Joint Venture Successfully - Literature review Example

Comments (0) Cite this document
Summary
A Review of Literature on How to Manage International Joint Venture Successfully [Name of Student] [Date] A Review of Literature on How to Manage International Joint Venture Successfully Introduction Historically, the contract of partnership and business collaboration called Joint Venture, which binds two or more persons or companies momentarily with a specific purpose, has a long history in the world of international business…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
A Review of Literature on How to Manage International Joint Venture Successfully
Read TextPreview

Extract of sample "A of on How to Manage International Joint Venture Successfully"

Download file to see previous pages An IJV represents a relationship between voluntary cooperative partner companies, in which these companies maintain their independence and objectives. However, in the frame strategic alliances, an antonym of cooperative behavior is opportunistic behavior, the latter being understood as mismatch of expectations and preferences (current or future) of one partner (Michael and Louis, 1989). Key moderating measures of opportunism are increased control over the IJV by members in order to receive a portion of fair income (Feya and Beamishb, 1999). Discussion Among the various models of cooperation, international joint ventures are considered as the preferred mode of entry by firms (Reinier and Maria, 2009). However, the rate of failure of these organizational forms remains high. In addition, the IJVs are known for their fragility and their heterogeneous performance (Reinier and Maria, 2009). Several cases of IJV experience a failure due to the emergence of a conflict between the partners. Among these cases, we can cite the example of the partnership between the French group Danone and Chinese Wahaha established in the beverage industry (Pothukuchi et al., 2002). The two groups signed an agreement in 1996 to create a joint venture, Wahaha Joint Venture Company, with 51% owned by Danone and 49% owned by the Chinese partner. After nearly a decade of fruitful collaboration, the relationship deteriorated and conflicts erupted in 2006. Indeed, Danone discovered that its partner violated non-competition clauses specified in the contract. The Chinese products are similar to those marketed by Danone. This conflict led the transfer in 2009 of shares in Danone joint entity with its Chinese partner. Studies on international joint ventures have dealt with various topics: the choice of partner, the formation of international joint venture, control mechanisms and inter-firm trust and the performance of the alliance. Some of them are focused on the instability of IJV (Reinier and Maria, 2009) and particularly on the determinants that affect the outcome of this relationship. In contrast to our knowledge, a few studies have attempted to introduce management tools that can help enterprises to manage conflicts. In this context, the work of Mjoen and Tallman (2003) proposed a management tool change during the phase of post-merger integration and acquisition. The purpose of this article is to provide the first theoretical approach to educating managers of joint ventures to develop management tools to manage crisis conflicts. These conflicts can occur throughout the formation process of IJV, hence the need to mobilize. Indeed, despite the large number of conflict researches and those on IJV crisis management, few of them are interested in bringing these two issues together (Mjoen and Tallman, 2003). It is in this context that our research will follow the following plan: firstly, this research focuses on the instability and conflict in the IJV and secondly, this research provides the tools of crisis management and discusses how to better manage the conflict within the framework of the partnership relations. The International Joint Ventures and Conflict The Instability of International Joint Ventures The international joint venture is a form of alliance between companies involving creation of a new independent legal structure ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Review of Literature on How to Manage International Joint Venture”, n.d.)
A Review of Literature on How to Manage International Joint Venture. Retrieved from https://studentshare.org/management/1464453-a-review-of-literature-on-how-to-manage
(A Review of Literature on How to Manage International Joint Venture)
A Review of Literature on How to Manage International Joint Venture. https://studentshare.org/management/1464453-a-review-of-literature-on-how-to-manage.
“A Review of Literature on How to Manage International Joint Venture”, n.d. https://studentshare.org/management/1464453-a-review-of-literature-on-how-to-manage.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF A Review of Literature on How to Manage International Joint Venture Successfully

An Analysis of the Long Term Success of Veolia Water's Joint Ventures with State-Owned Companies in China

...of the Chinese-Foreign Joint venture. It will attempt to establish an optimal operation model for joint venture (JV) operation in the People’s Republic of China (PRC) with special focus on water treatment industry. The objective of this study is to investigate through literature review how joint ventures can be successfully established in PRC. It will comprehensively study the management of a Chinese Joint venture in terms of its cross culture management, human resources management,...
70 Pages(17500 words)Dissertation

International Joint Venture

...in a foreign country with the aim of establishing an independent organization controlled by a separate set human resource policies and practices. The management should consolidate the corporate cultures of two parties through trust, effective sharing of information and transparency. International Joint Ventures management engages in policies and practices that address the HR issues on their daily HRM activities when managing people (Evans, Pucik and Barsoux 2002). It is the work of HRM to define how people are going to be managed and most of these issues are actually implemented since it offers a clear...
16 Pages(4000 words)Essay

A Review of Literature on How to Manage International Joint Venture Successfully

.... Barlett, A. and Ghoshal, S. (1995) Transnational Management: Text, Cases, and Readings in Cross-Border Management. New York: Mc-Graw Hill. Brockmann, C. and Grimscheid, G. (2005) Trust as a Success Factor in International Joint Ventures. Global Perspectives on Management and Economics in the AEC sector, 2 (4), p.69-81. Buckley, J. and Casson, C. (1976) The Future of the Multinational Enterprise. London: McMillan. Contractor, J. (2007) Is International Business Good For Companies? The Evolutionary or Multi-stage Theory of Internationalization vs. The Transaction Cost Perspective. Management...
8 Pages(2000 words)Literature review

A Review of Literature on How to Manage International Joint Venture Successfully

.... (1989). Agency Theory: An Assessment and Review. Academy of Management Review [e-journal] Vol. 14 (1) pp. 57-74 Available through: Emerald database [Accessed 14 December 2012]. Fogler, R.M. and Reichert, E.L., 2002. Establishing strategic alliances and joint ventures. The Colorado Lawyer [e-journal] Vol. 31, 5 p. 65 Available through: Emerald database [Accessed 14 December 2012]. Griffith, D. A., O’Brien, M. and Zeybek, A. Y., 2001. Knowledge transfer as a means for relationship development: A Kazakhstan-foreign international joint venture illustration. Journal of International...
8 Pages(2000 words)Literature review

Commentary on Endo Shusakus When I Whistle

3 Pages(750 words)Essay

Joint Venture

... itself with a UK-based brand name to explore the opportunities in the Chinese market. References Appell. A. L., Hebert L. G., Jenner R.A. Maher, T. E. Wong Y.Y. (1999). Are Joint Ventures Losing Their Appeal in China. SAM Advanced Management Journal. 64:1:4 Blackman, C.(2000) The Rules of the Game. Allen & Unwin. St. Leonards, N.S.W. Chow, D. C. K.(1998) The Limited Partnership Joint Venture Model in the People's Republic of China. Law and Policy in International Business. 30:1:1. Dezan Shira and Associates. Para 4.Retrieved on February 27, 2006 from Duckers, J. (2004). Legal & Finance: Attitude to China Changing Says Firm. The Birmingham Post. June 11: 24... . French, H.(2005).Chinese firms keep an...
12 Pages(3000 words)Assignment

Joint venture paper

...of forming a joint venture therefore is to gain access to the new markets as two entities; one foreign and one domestic and as such foreign entity often bring in new technologies which can benefit the domestic entities due to technology transfer. In US, Joint ventures are mostly regulated by Partnership laws, Contract Act as well as commercial transaction laws. In order to successfully formulate a joint venture, it is really important to consider due diligence, business plan as well as the allocation of the income must be decided before formation of the joint venture contract. This...
8 Pages(2000 words)Research Paper

Joint venture

...the knowledge base required to expand into the industry, be able to develop and introduce new products in the market, and improve efficiency and productivity in business. Joint ventures provide companies with the opportunity to share expertise, obtain lead time, and minimize the cost that is otherwise incurred because of lack of experience and expertise. Another very important and rewarding feature of joint venture is that it promises good quality. Understandably, when one firm has to make a product, some features of the product that the firm is capable of producing would be of good quality while the quality of other features might be compromised. Since the different...
1 Pages(250 words)Essay

Joint Venture

...Joint venture A joint venture is a business agreement undertaken mutually by two or more parties that otherwise maintains theiridentities. They start by the parties having an agreement or a contract that indicates their joint responsibilities, as well as goals. The contract is essential for preventing trouble later on; the parties should specify the intention of their joint venture along with its limitations. MGM Resorts International and Hakkasan Group today entered into a joint venture enterprise that deals with hotel management called MGM Hakkasan...
1 Pages(250 words)Essay

HRM (a joint venture )

...in the new joint venture. Since the new outlets in Thailand will require all types of personnel necessarily the recruitment process will fill all these position but in a limited nature in that some workers will be transferred from The United Kingdom so as they may be like mentors to new staff in order to ensure the values and principles of the organization are passed to the new employees. The process of recruiting new employees will be an external affair as the company will contract an international employment agency to place the advertisement of the vacancy and then its independent body will select the qualified candidates based on Rodger’s’ seven-point plan (Cameron and Green, 2012)....
17 Pages(4250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Literature review on topic A Review of Literature on How to Manage International Joint Venture Successfully for FREE!

Contact Us