GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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International Joint Venture
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International Joint Venture
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International Jointers Venture
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International Juncture Venture
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Detailed explanation-1: -Japan’s Sony and Sweden’s Ericsson entered an association which became one of the examples of joint venture that was extremely successful. The two organizations started a joint venture in 2001, with equal share in profit, to manufacture phones and other gadgets. In 2011, Sony bought its partner out.
Detailed explanation-2: -International joint ventures (IJVs) are separate legal organizational entities partially held by parent firms originating from different countries (Shenkar and Zeira, 1987, p. 547) that are extensively used in a world of globalized markets and competition.
Detailed explanation-3: -The main forms of international joint ventures are contractual joint venture and joint enterprise. The contractual joint venture is only such business cooperation form, which corresponds to the concept of the joint venture (partnership), as defined by the civil law.