With the right knowledge and tools, the HR professional can be
an integral part of the JV team
Joint ventures (JVs) have become an important element of many
companies' business strategy. For those aiming to do business
internationally, JVs are often the only feasible way to enter new
markets.
Due to the many complex human capital considerations necessary
in any JV, it is essential to have HR involved from the early
stages when a JV is being considered. To contribute meaningfully to
these discussions, HR professionals must understand the potential
issues and problems that can arise in a JV and have the resources
necessary to develop solutions.
Given the strategic importance of JVs in today's global
business environment, one might expect to easily find guidance on
tackling the complexities of a JV, based on widely used, successful
methods. But that's not the case. A review of the literature on
JVs shows much of it to be incomplete at best, contradictory
