From the course: Global Strategy
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Joint venture success strategies
- Walmart entered India in 2006 by setting up a 50/50 joint venture with Bharti Enterprises, an Indian conglomerate with operations in several industries including retail and telecommunications. By 2013, however, the partnership would fall apart. The two companies unwound both relationships. Partners often find it difficult to reconcile their views about how they should manage the new venture. Even if their strategic visions align, cultural differences and inability to build trust often torpedo partnerships. Despite the low odds of success, giant ventures are often essential for entering and succeeding in new markets. In some cases, government regulations may dictate joint ventures. It is therefore important for corporate leaders to be smart about how they can improve the odds of success. Here are five guidelines. First, define a joint venture's charter narrowly. Doing so provides focus, reduces complexity…
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