|Author:||Li Foo, King-yin|
|Title:||Managerial problems of joint ventures in the People's Republic of China|
|Subject:||Joint ventures -- China -- Management|
Hong Kong Polytechnic University -- Dissertations
|Department:||Dept. of Management|
|Pages:||iv, 77 leaves : ill. ; 30 cm|
|Abstract:||The global competition has an profound effect on the economic growth of the world. To compete globally, companies increasingly need technological sophistication, maximum flexibility, customized products and extensive supplier networks. Large corporations becomes internationalized and smaller firms stay at home. There are different approaches of internationalization: international trade, foreign investment, international licensing and international joint ventures. International joint ventures is used to increase market access and pool resources. Equity holdings in a venture are divided among partners who share the costs and risks of technology development, production or marketing. The rapid growth of the economy of China and the beginning of the acquisition of foreign capital, technology, and management through the establishment of Sino-foreign joint ventures and Special Economic Zones in 1979, China has rapidly accelerated its pace of absorbing foreign investment. However, other then problems in bureaucracy, cultural differences, swings in economic policies and too much control over foreign investment, there are managerial problems in the operation of Sino-foreign joint ventures, such as decision making by partners, human resources and training. This study is on the perceived benefits of both partners and the managerial problems in the various aspects of implementing and managing Sino-foreign joint ventures.|
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