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- Title
Matching strategy with ownership structure in Japanese joint ventures.
- Authors
Makino, Shige; Beamish, Paul W.
- Abstract
Although many international joint ventures (JVs) are formed in the traditional way between foreign and local firms, nontraditional forms are increasingly being utilized. We identify four distinct types of JV ownership structure, based on partner nationality and affiliation. Senior executives of two large Japanese firms with joint ventures in Asia suggested three distinct strategies corresponding to the choice of JV ownership structure. These involve exploiting the competitive advantage specific to a parent firm, or to a pre-existing relationships and complementing local partners' competitive advantage. We consider several key issues regarding JV partner selection and the development of a sustainable relationship between JV partners that are relevant to American executives and those from other countries.
- Subjects
JAPAN; INTERNATIONAL business enterprises; JOINT ventures; BUSINESS partnerships; STRATEGIC planning; BUSINESS planning; COMPETITIVE advantage in business; INTERORGANIZATIONAL relations; EDUCATION; MANAGEMENT
- Publication
Academy of Management Executive, 1999, Vol 13, Issue 4, p17
- ISSN
1079-5545
- Publication type
Article
- DOI
10.5465/AME.1999.2570551