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Unformatted text preview: IJV. Key lessons learned from successful joint ventures include: IHRM AND INTERNATIONAL JOINT VENTURES STAGE THREE: IMPLEMENTATION OF THE IJV •When national and corporate cultures are blended, partners need to spend time building trust; understanding and accommodating each others’ interests •Job design can be enhanced when the partners are willing to learn from one another •Recruitment and staffing policies should be well-defined in the early stages of the venture •HR systems need to reward knowledge sharing IHRM and International Joint Ventures Stage Four: Advancement of the IJV •Since one of the main reasons for creating IJVs involves the desire of the partners to learn from each other, this becomes one of the central foci for determining the success or failure of an IJV •If learning is taking place, the partners must develop ways to ensure the transfer of new knowledge to the partners, both within the IJV, itself, as well to the parent firms, outside the IJV...
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- Spring '12
- joint venture, international joint ventures, Joint Ventures Stages