Contents
International Joint ventures- Drawbacks of International Joint ventures
- Management of International Joint ventures
- Bibliography
Description
In the shrinking globalised world economy of today International Joint Ventures have become relevant realities. Matthews (2001) calls International Joint Ventures ‘part of a strategy’. Simply put, it is a group of firms from various countries operating as a single organisation. Most commonly, IJVs have just two firms merged together for matters of convenience. The two firms are the ‘parents’ of the organisation that emerges out of their merger. But there are quite a few examples where three or even more firms form IJVs. This is especially true of already merged firms joining hands with some other bigger and established organisation. So, the operation is as a single firm, but actually within that single firm there are a large number of inter-organisational operations to be managed. Another variation of IJVs is a collective organisation comprising of firms from the same country but operating elsewhere, that is, in some other country.
