Many companies today believe success can only be achieved through international alliance, mergers and joint ventures.
Growth of International Joint Ventures (IJVs)Mergers, joint ventures, international alliances and regional trade agreements have freed business and industry from geographic boundaries. Firms are entering more complex systems of operations and ownership structure to expand their markets around the globe. Many organizations today pursue a strategy of co-operation, especially in the international context, with the belief that survival and success can only be achieved through collaborative international alliances, mergers and joint ventures.