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Management article
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Reference no. 82310
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1982

Abstract

Joint ventures are common methods of managing projects that involve different countries. Managers need to consider whether a shared management or dominant parent approach works best for a specific enterprise. Thirty-seven experiences point up the difficulties of working with more than one parent. Dominant parent ventures, those managed by one company like wholly-owned subsidiaries, are more successful than shared management ventures, where both companies contribute functional personnel. Problems often arise in shared situations because managers of international ventures have communication problems and different attitudes regarding: time, the importance of job performance, material wealth, and the desirability of change.

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Abstract

Joint ventures are common methods of managing projects that involve different countries. Managers need to consider whether a shared management or dominant parent approach works best for a specific enterprise. Thirty-seven experiences point up the difficulties of working with more than one parent. Dominant parent ventures, those managed by one company like wholly-owned subsidiaries, are more successful than shared management ventures, where both companies contribute functional personnel. Problems often arise in shared situations because managers of international ventures have communication problems and different attitudes regarding: time, the importance of job performance, material wealth, and the desirability of change.

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