In a classic article by Peter Killing (1982) in the Harvard Business Review, the author argues that the problems in managing joint ventures stem from one cause:

In a classic article by Peter Killing (1982) in the Harvard Business Review, the author argues that the problems in managing joint ventures stem from one cause: there is more than one parent. Unlike the shareholders of a large, publicly owned corporation, the owners are visible and influential. They can—and will—disagree on anything ?

How fast should the joint venture grow? Which products and markets should it encompass? How should it be organized? What constitutes good or bad management?

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