This book examines how joint ventures work in practice. Drawing on extensive personal experience and using case study examples where appropriate the author analyses the various stages, discusses the problems of partner selection, implementation and control and points out the various benefits and pitfalls. He draws out the implications for improving practice and discusses how the experience of joint ventures affects the theory of the multinational enterprise.
List of Tables. Preface. 1. Introduction. 2. Characteristics of Joint Ventures. 3. Partner Selection and Performance. 4. Commitment. 5. A Management Guideline for Joint Ventures in Developing Countries. 6. Joint Venture General Managers. 7. Equity Joint Ventures and the Multinational Enterprise. 8. Investing in China via Joint Ventures. 9. Joint Ventures in China: Legal Implications. Appendices. Bibliography. Index.