Literature ReviewBusiness in the 21st century is increasingly conducted with shifting borders. International partnerships will become standard practice as the product life cycles shorten and immediate distribution become imperative. As business is increasing its globalization, alliances among multinational firms are becoming more popular. Cooperation between international firms can take many forms such as, cross-licensing of proprietary technology, sharing of production facilities, co-funding of research projects, and marketing of each other’s products using existing distribution networks (Griffin and Pustay, 2005). Such forms of cooperation are known as strategic alliances, business arrangements whereby two or more firms choose to cooperate for their mutual benefit. A joint venture is a specific and more formal type of strategic alliance.2.1 Defining International Joint Venture (IJV)An international joint venture (IJV) is a special type of strategic alliance in which two or more companies from different countries join together to create a new business entity that is legally separate and distinct from its parents. Joint ventures are normally established as corporations and are owned by the founding parents in whatever proportions they negotiate. Although unequal ownership is common, many are owned equally by the founding firms (Berger, 1999).Here is also a definition adapted from Shenkar and Zeira… Read full this story
- Alphabet Partners With Sanofi To Launch Diabetes Joint Venture Onduo
- Qualcomm Finalizes Indian Partners for LTE Joint Venture
- Clearwire Joint Venture For WiMax Will Be Tough to Manage
- Cisco, EMC unveil data center joint venture
- Samsung, NTT DoCoMo and Others to Set Up LTE Chip Joint Venture
- Microsoft forms Chinese joint venture for MSN
- Huawei buys out Symantec in joint venture
- DaVita, Centura announce joint venture
- Verizon, Qualcomm Name Joint Venture NPhase
- Pacnet Increasing Stake in Indian Joint Venture
- Sony, Sharp partner for world's most advanced LCD plant
- 5 Easy Ways to Build an Email List for Your Small Business
- How to Add Payment Processing to Your Small Business Website
- Q&A: Avanade on why Microsoft is your best strategic partner for the future
- Acadia gets cloud-computing venture rolling in Asia
- Qualcomm partners with large Chinese foundry on chips
- Report: DoCoMo, Samsung to Form Mobile Chip Venture
- Telenor Seeks Compensation From Indian Partner for Loss of 2G Licenses
- Japanese firm pleads guilty to DRAM price fixing
- Apple said to be targeting a stake in Toshiba's memory chip business
The Case of Thai Joint Venture With Japanese Partner in Construction Business have 365 words, post on ezinearticles.com at June 19, 2008. This is cached page on The Best Articles. If you want remove this page, please contact us.