Matching strategy with ownership structure in Japanese joint ventures
研究了四种合资企业所有权结构，对应三种战略，帮助管理者根据所有权结构选择匹配的战略，以利用母公司或当地伙伴的竞争优势。
Executive Overview Although many international joint ventures (JVs) are formed in the traditional way between foreign and local firms, nontraditional forms are increasingly being utilized. We identify four distinct types of JV ownership structure, based on partner nationality and affiliation. Senior executives of two large Japanese firms with joint ventures in Asia suggested three distinct strategies corresponding to the choice of JV ownership structure. These involve exploiting the competitive advantage specific to a parent firm, or to a pre-existing relationships and complementing local partners' competitive advantage. We consider several key issues regarding JV partner selection and the development of a sustainable relationship between JV partners that are relevant to American executives and those from other countries.