Why Joint Ventures Fail   Common Reasons for Joint Venture Difficulties   10 Reasons to Create Strategic Alliances   Research indicates that 50 to 70% of all international joint ventures fail. Not many CEOs of joint ventures characterized their venture as "very successful".   Joint Venture (JV) Benefits of JVs     Hewitt listed some common reasons for joint venture difficulties. The major difficulties are: ▪ The philosophy governing expectations and objectives of the joint venture is unclear ▪ There's an imbalance in the level of investment and expertise brought to the JV by the two parent organizations ▪ The senior leadership and management teams for the JV receive inadequate identification, support, and compensation ▪ The joint venture partners possess disparate, and often conflicting corporate cultures and operational styles ▪ The joint venture's size is modest compared to the two parent organizations * * * Enemies of Successful Business 9 Signs of a Losing Organization Cultural Differences     International Joint Venture Business Plan Checklist Governing Structure Performance Management HR Strategies & HR Actions The Power of Diversity Synergize Diversities Multicultural Collaboration 3 Keys  ▪  Cultural Intelligence       How to use this information       ① "Adapt what is useful, reject what is useless, and add what is specifically your own." ~ Bruce Lee ② Sleep on this information – your powerful superconscious mind will tell you how to use it when you wake up   Learn   Cultural Intelligence   Teach