THE FUTURE OF JOINT VENTURES: LITERATURE REVIEW

Abstract

Joint venture is a strategic decision. Therefore, it needs effective strategies and alternatives in order to reach its aimed objectives. This paper aims to investigate the future of Joint Ventures (JVs) and its importance to organization sustainability, as well as the factors affecting its success. Due to the heavy competition and dramatic changing in the environment nowadays, gaining a sustainable competitive advantage is very crucial for organizations to remain successful. That’s why strategic management and good analysis must be done before formulating the most suitable strategy, and the simplest most common way to do this is SWOT analysis.The role of strategic management in enhancing JVs performance will also be discussed.In order to achieve the aim of this paper a review of literature is covered, some conclusions and recommendations are also provided

Keywords

• Joint Ventures (JVs), Strategic management, Co-operative strategy, Sustainability, Competitive advantage, SWOT analysis

References

1. Cesnovar, T. (2006)., "The Impact of Strategic Management on business outcomes- Empirical research", Journal for East European Management Studies , Vol. 11, pp. 227-243.
2. Currall, A. C. (2004), "The Coevolution of Trust, Control, and Learning in Joint
3. Ventures.", Organization Science , Vol. 15, pp. 586-599. David, F. R. (Thirteenth Edition)., Strategic Management: Concepts and Cases, Pearson. Ekanayake, S. (2011), "Understanding the Factors Contributing to Inter-Partner
4. Trust in Joint Ventures", The Business Review, Cambridge , Vol. 19, pp. 55-61. Elie Chrysostome, R. N. (2013), " Revisiting Strategic Learning in International
5. Joint Ventures: A Knowledge Creation Perspective", International Journal of Management , Vol. 30, pp. 88-98. Glaister, M. B. (2010)," Determinants of Performance in International Joint
6. Ventures", Journal of Strategy and Management , Vol. 3, pp. 188-214. Gocmen, T. (2011)," Re-examining the Diversification and Welfare Effects of
7. Joint Ventures: New Empirical Evidence", Journal of Applied Business and Economics , Vol. 11. Hassan Danaee Fard, A. M. (2011), "Strategic Management in the Public Sector:
8. Reflections on It's Applicability to Iranian Public Organizations", Public Organization Review , Vol. 11, pp. 385-406. Moxuan, A. O. (2011), "Factors Affecting Malaysia-China Construction Joint

9. Venture (MCCJV) Projects", Journal of Academic Research in Economics, Vol. , pp. 317-329. Namada, V. A. (2011), "Strategic Management in Africa: Tracing Gaps in
10. Sustainable Business Development", Journal of Marketing Development and Competitiveness , Vol. 5, pp. 72-80. Omari Albert Otungu, W. J. (2011), "Strategic Management: The Link Between
11. The Agency Theory and The Company's Competitive Advanatge", International Journal of Business and Social Science , Vol. 2, pp. 232-237. Qiangbing Chen, Y. L. (2010), "Culture Distance and Foreign equity Ownership in International Joint Ventures", Journal of Chinese Economic and Foreign
12. Trade Studies , Vol. 3, pp.189-203. Reuer, T. W. (2010), "Competitive consequences of interfirm collaboration: How
13. Joint ventures shape industry profitabilit", Journal of International Business Studies , Vol.41, pp. 1056-1073.
14. Schillaci, C. E. (1987), "Designing Successful Joint Ventures", Journal of
15. Business Strategy , Vol. 8, No. 2, pp.59-63. http://www.miningguide.ca/short-history-joint-ventures