Question:
Joint ventures are frequently formed to facilitate market entry, share risk, transfer knowledge and expertise, and promote synergies and competitive advantage. In many joint ventures, one partner's strength is the other partner's weakness and vice versa.
Instructions:
1. Explain 5 other modes of entry and why joint ventures involving companies from two or more countries have become so popular.
2. Explain why joint ventures frequently involve a host country firm and a foreign firm with superior technology. Use 5 examples to illustrate your answers.