Unformatted text preview: even provides success for a company. When a company faces the crisis, figuring out what problems exists and paying attention to the proper design is a kind of way to help the company to overcome difficulties. When CIBC faced crisis in 1996, there were three choices for them, however, instead of investing again, they chose to form a joint venture, fortunately, they found the right partner; and after 10 years, the choice they picked seems perfect. Joint venture is not omnipotent in all business; it’s just one of suitable choices for the company which has long-term stability. For strategic management, we need to find out the solution what company really needs and fits. Not every company can use same strategic methods....
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- Spring '12
- Project Management, joint venture, CIBC Mellon, CIBC Mellon Global Securities Services Company