Hiru Bijlani, President, Zenith Global Consultants
believe that many emerging joint ventures and
alliances globally particularly in the rapidly
developing countries are being scouted in a
manner that is akin to a love marriage. Herein
people experience mutual attraction and then
encounter problems arising from incompatibility.
Therefore, I suggest that business joint ventures
and alliances follow the route of arranged marriages.
Instead of starting a joint ventures or alliance
based on emotional decisions, it would be advisable
to exercise 'match-making' gauging if the firms
involved are compatible.
world is a diverse one: nations vary on several
counts, starting with size and population, climate,
language and currencies. Add to these differences,
there are other disparities in education, technology
and income levels, the variations in trade and
investment regulations in tax laws. Adding to
this there exists a platform for trade and investment
opportunities both on the part of business firms
and among governments.
it is an extension of domestic trade, global
exchange springs largely from the comparative
cost advantage. World trade covers the transfer
of resources in the fields of capital, labour,
technology, management and knowledge in the
realm of natural resources and finished products,
from one nation to other, based on factor endowments
and on government regulations.
means looking outwards, which generally starts
with a look within with the planning and the
execution of successful international joint
ventures and alliances. A process of self-examination
and introspection is really the beginning.