This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: IHRM and International Joint Ventures Four Stages of the IJV Process 1) Formation: The partnership stage 2) Development: Create the IJV itself 3) Implementation: Staff The IJV 4) Advancement: Sustain the IJV IHRM AND INTERNATIONAL JOINT VENTURES FOUR STAGES OF THE IJV PROCESS Stage 1: Formation Identify reasons for the alliance and set objectives Identify and evaluate potential alliance partners Negotiate the arrangement Stage 2: Development Establish the organizational structure Select locations for the operations Recruit and retain key talent IHRM AND INTERNATIONAL JOINT VENTURES FOUR STAGES OF THE IJV PROCESS Stage 3: Implementation Establish the vision, mission, values, and strategy Translate policies into managerial practices and behaviors Staff and manage the new organization Stage 4: Advancement Monitor the organizational culture Transfer knowledge throughout the organization (and back to parent companies) Promote continuous learning...
View Full Document
- Spring '12