An Examination of the Core Dimensions
Appendix 2: Case vignettes: outlines of the sample IJVs
IJV 1 UK partner: European partner: Joint venture: European partner nationality: Year of formation: Equity share: Motives of UK partner: Motives of European partner: Industry Aerospace and defence Aerospace and motors Military aircraft Swedish 1995 50:50 Market entry – new market for product Non-market entry – strategic issue to raise volume: sharing of R & D costs, exchange of complementary technology, and to increase competitiveness Satisfied Satisfied Satisfied Industry Aerospace Aerospace Aircraft landing gear France 1995 50:50 Non-market entry: sharing of R & D costs, access to (French) government funding, improving position in market, reducing competition. 185 Performance outcomes: UK partner: European partner: Joint venture: IJV 2 UK partner: European partner: Joint venture: European partner nationality: Year of formation: Equity share: Motives of UK partner: 186 Strategic business alliances Motives of European partner: Non-market entry: sharing of R & D costs, spreading risk of large project, faster payback on investment, reducing competition. JV terminated in 1998 (French partner bought out UK partner’s shares) Poor performance overall – lower returns than expected Very satisfied Satisfied Industry Chemicals production Chemicals production Chemicals services France 1991 50:50 Market entry: faster entry, presence in new markets Market entry: to facilitate international expansion starting in UK JV terminated in 1997 (UK partner bought out European partner’s shares) Satisfied Satisfied Satisfied Industry Defence manufacture Defence manufacture Defence manufacture France 1993 50:50 Market and non-market entry: sharing of R & D costs, faster payback on investment, product diversification, access to new market. Performance outcomes: UK partner: European partner: Joint venture:...
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