A disadvantage of entering global competition through a joint venture is

Question

Quizplus · Accepted Answer

Conflict over control is a common disadvantage of joint ventures. This can lead to strained relationships and ultimately failure of the joint venture. Political roadblocks, knowledge of local tastes interfering with operations, and lack of agreement can also be disadvantages, but they are not as common as conflicts over control. The statement that entering global competition through a joint venture is a seldom used strategy and offering many unknowns is not accurate, as many companies use this strategy to enter foreign markets.

A Disadvantage of Entering Global Competition Through a Joint Venture