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3 Cards in this Set
- Front
- Back
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Formation of an IJV |
- Parent firms A, B and C from countries a, b and c, come together in a partnership to create an initiative. - Requires clarity of direction of venture - Provide monetary inducements to be successful in attracting employees from partner organizations (sign on awards, bonuses..) - Seconding employees: transfer employees over for a period, them bring them back - have employee value proposition (EVP) |
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Benefits of IJVs |
- Knowledge creation, knowledge transfer - Host government insistent/partnership - Increased economies of scale -> synergies - Gain local knowledge - Obtain vital raw materials - Diversify and spread financial risks - Improve global competitive advantage |
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Role of HR in IJVs |
Manage relations at interfaces between IJV and parent companies - conflicts may arise due to different rules and cultures Develop appropriate HRM practices and strategies - recruit, develop, motivate, retain |
