In all international joint ventures, mutual trust and respect are usually more important than who controls the venture

Question

Quizplus · Accepted Answer

Mutual trust and respect are fundamental for the success of international joint ventures, as they facilitate effective communication, collaboration, and conflict resolution, which are crucial for navigating the complexities of combining resources, cultures, and business practices from different countries. Control is important, but without trust and respect, the venture is likely to face significant challenges.

In All International Joint Ventures, Mutual Trust and Respect Are