Managers dealing with joint ventures will find this book a gold mine of information and
insights.
When this book was first published in 1985, it offered a quantum increase in the available knowledge about designing and managing joint ventures, presenting an in-depth analysis of domestic joint ventures. The main focus is on where and how companies can build cooperative arrangements that enable them to make advances that they could not make alone. The analytical framework provides prospective cooperating firms with a guide to the possible benefits and pitfalls of using joint ventures, from first contemplating cooperation to dissolving the partnership after it ceases to serve both parties well.
The analysis shows that joint ventures are typically an unstable form of organization. Such
instability does not mean that the joint venture was unwise. During its life it may have been very useful. But, research indicates that joint ventures are usually transitional arrangements, at least in the domestic arena.
Professor Harrigan tested her analytical framework in different industries, examining the background and success of 492 specific joint ventures and 392 other cooperative arrangements and expounding many other concepts and insights. She explains why certain patterns of cooperative strategies have been more prevalent within some U.S. industries than within others and suggests which joint venture strategies are inappropriate with certain corporate and competitive contexts.
No book reviews available.
|
Figures |
ix |
Tables |
xi |
Foreword |
xiii |
Preface |
xv |
Acknowledgments |
xvii |
1. |
Domestic Joint Ventures |
1 |
|
Joint Ventures in Mature Economies |
1 |
A New Look at Joint Ventures |
5 |
Questions Regarding Joint-Venture Strategies |
13 |
Overview |
15 |
Notes |
17 |
Appendix 1A: Cooperative Strategy
Alternatives |
19 |
2. |
Motives for Joint-Venture Formation (and Termination) |
27 |
|
Uses of Joint Ventures |
29 |
Drawbacks of Joint Ventures |
36 |
A Timely Managerial Challenge |
40 |
Notes |
41 |
Appendix 2A: Political Theories of Joint
Ventures |
45 |
3. |
Interactions among Joint-Venture Parents: The
Analytical Model |
49 |
|
An Overview of the Joint-Venture Framework |
51 |
A Single Firm's Perspective: Hypotheses Concerning the
Cost-Benefit Analysis |
55 |
A Meeting of Minds: Hypotheses Concerning the Bargaining
Agreement |
61 |
Changes in Partners' Viewpoints: Hypotheses Concerning
Changes in the Bargaining Agreement |
65 |
Summary |
70 |
Notes |
71 |
Appendix 3A: Game Theory and Two-Player
Games |
73 |
4. |
Interactions between Parent and Child: The Analytical
Model Continues |
75 |
|
The Bargaining Agreement |
76 |
Integrating Parent and Child |
90 |
Control Mechanisms |
95 |
Changes in the Bargaining Agreement |
99 |
Notes |
101 |
5. |
Viability of the Joint-Venture Child: The Analytical
Model Continues |
103 |
|
Relating the Child's Competitive Environment to Parents'
Joint-Venture Strategies |
103 |
The Child Firm's Domain |
105 |
Notes |
126 |
6. |
Research Methodology of the Joint-Venture Study |
129 |
|
The Predictive Power of the Framework |
129 |
Construction of Industry Chapters |
131 |
Field Research Procedure |
132 |
Industry Chapter Overview |
139 |
7. |
Joint Ventures in Capital-Intensive Industries |
143 |
|
Motives |
143 |
Industries |
144 |
Summary |
161 |
8. |
Joint Ventures Involving Differentiable Products |
163 |
|
Motives |
163 |
Industries |
164 |
Summary |
184 |
9. |
Joint Ventures in Services Industries |
187 |
|
Motives |
187 |
Industries |
188 |
Summary |
219 |
10. |
Joint Ventures in High Technology Industries |
223 |
|
Motives |
223 |
Industries |
225 |
Summary |
254 |
11. |
Joint Ventures and the Evolution of Industry Structure |
257 |
|
Motives |
257 |
Industries |
259 |
Summary |
291 |
Note |
292 |
12. |
Joint Ventures and Global Industries |
293 |
|
Motives |
293 |
Industries |
294 |
Summary |
321 |
Notes |
322 |
13. |
Summary: Joint Ventures and Adaptation to Change |
323 |
|
Supplementing Resources and Capabilities |
324 |
Creating Synergies |
328 |
Child Autonomy |
334 |
14. |
Summary: Joint Ventures as Technological Change Agents |
339 |
|
Solving Technological Problems |
339 |
Protecting Technological Assets |
341 |
Transferring Knowledge |
346 |
Spider's Webs versus Exclusive Partnership Relationships |
352 |
15. |
Summary: Guidelines for Forming and Managing |
355 |
|
Finding Partners |
355 |
Writing Contracts |
363 |
Ownership versus Control |
367 |
Using Managers Effectively |
370 |
Evaluating Joint Venture Performance |
375 |
16. |
Summary: Joint Ventures as Change Agents and Public
Policy Implications |
377 |
|
Future Trends |
377 |
Patents and Innovation |
379 |
Antitrust |
380 |
International Competition |
382 |
Bibliography |
385 |
Company Index |
405 |
General Index |
420 |
About the Author |
427 |