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Solution:
Joint venture
When two or more firms agree to work together and create a jointly owned but separate firm to promote their mutual interests
International franchising commonly involves "Master Franchising" and joint-ventures In a joint venture, two or more "parent" companies agree to share capital, technology, human resources, risks and rewards in a formation of a new entity under shared control.
Cross border Joint venture failure:
Factors of joint venture failure (write only 4 factors)
- Strategic Vision: The partners must have strategic visions which can support for joint ventures
- Lack ness in Top Management commitment
- One of the partners is not participating actively i.e. the one partner who takes primary responsibility is not working
- Wrong negotiations
- Failure of Delegated arrangement – One of the partners fails in delegation of management to the joint venture's executives
- Lack of organizational support
- Lack of capabilities of the local partner
- Lack of support by Staff of local partner
- Cultural differences
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:)
with best regards,
fawad
(cooolstar)
MBA - Marketing - 4th semester- Lahore
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