Unlike free-standing companies, joint ventures involve more complex governance structures and organizational systems. Because of interpartner dependence in the managerial process, it is more difficult for joint ventures to configure their strategies with environmental dynamics. Without such...

Clan-ähnliche Netzwerke von Industrieunternehmen beeinflussen und erleichtern das Betriebsgeschehen. Es empfiehlt sich, auch in mit Auslandskapital finanzierten Unternehmen, auf historisch gewachsenes kulturelles Verhalten Rücksicht zu nehmen. Beispiele "Guanxi", "Mianzi" und "Renqing"....

This study, conducted in a field setting, examines the pattern of budget and cultural controls across Korean firms and Korean joint ventures with U.S. and European firms in South Korea—a nation with a dominant Confucian philosophy divergent from the modern capitalist philosophy that dominates...