Important information about Joint ventures
Suppose you are the senior HR manager of a large manufacturing company based in the U.S. The CEO of your operations is considering establishing a joint venture in one of the following regions: Asia, Africa, North America or Latin America. Focusing on the concept of cultural distance, and assuming that your company will have a 50% representation on the supervising board of directors for the IJV, and a 50% stake in top managment of the IJV, what recommendations might you make for selecting a joint venture partner from amongst these regions? In other words, which region would you recommend and why?