Factors Influencing Success or Failures of Joint Ventures

Paper Summary:

This paper explains the reasons why people go into joint ventures, such as when firms want to enhance their competitive advantage, and access resources and skills not found in their organizations in order to increase their profits. The paper tells us the reasons why companies succeed or fail in these joint ventures and presents a case study that illustrates how important it is for companies engaged in joint ventures to be knowledgeable of the factors that can either lead to the success or failure of their business. The Ninemsn Company, a known multinational that is engaged in such an alliance, is the focus of the case study.

Outline:
Introduction
Reasons why companies engage in joint ventures
Case Study Ninemsn Company
Failures associated with joint ventures
Factors that determine the success or failure of joint ventures
Conclusion

From the Paper:

"Companies do not want to face the costs and risks that they are likely to be exposed to alone especially when the company is operating in a foreign land. The business leaders will therefore look for other interested business partners in the region so that they can share the success of the business as well as the risks. This will make the business feel more comfortable in the area as they have other experts who are able to give their expert opinions on certain issues hence they will be able to face the various challenges as a team."

Sample of Sources Used:

• Amazon A, Schrader R and Thompson G. 2006, Newness and novelty: Relating top management team composition to new venture performance, Journal of Business Venturing 21: 125-148.
• As-Saber, S.N., Dowling, P.J. and Liesch, P.W. 1998. The role of human resource management in international joint ventures: A study of Australian-Indian joint ventures. International Journal of Human Resource Management, 9 (5): 751- 766.
• Cameron A. and Massey C. (2002) Entrepreneurs at work: Successful New Zealand business ventures, Prentice Hall, Auckland.
• Chiah-Liaw, G. Petzall S. and Selvarajah, C. 2003, Role of human resource management (HRM) in Australian-Malaysian joint ventures: Role of human resource management (HRM) in Australian-Malaysian joint ventures, Journal of European industrial training, vol. 27, no. 5, pp. 244-262.
• Contractor, F. J. et al. 2002, Cooperative strategies in international business: joint ventures and technology partnerships between firms 2nd Ed. Emerald Group Publishing, p.405-410

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