PART 1
An international Joint Venture is an equity agreement in which foreign and local business organization co-own a business by pooling their resources together, share the risks associated with the business as well as exercising managerial control to operate an autonomous business in order to make profits or to enjoy economic and premeditated advantages.
The success of such ventures depends on a number of factors as. Some of the factors that determine the success of Joint Ventures include:
- Cultural factors- the way of life among different partners in a joint venture has a significant influence on the success of ...