The existing content is designed at inspiring professionals from small and middle scale Western organizations to set up organization in Indian. With this purpose of defining the main factors which make Indian an attractive corporate location, the significant obstructions restricting the access to available possibilities and, finally, a few suggestions to prevent those restrictions and increase their chances of success in developing functions in this country.
Any internationalization process, regardless of its value or location, is really a significant choice in the life of an organization, with far attaining significances. Given the difficulties which the choice indicates, in the release of this paper there exist an approach which may break the general issue many industrial SMEs face in going on their first overseas organization (Whinston, 2001).
Collaborations and tie ups with overseas organizations is no longer retained of the large Indian corporate. Indian SMEs are being definitely followed by overseas organizations to enter into relationships (Fan, & Lang, 2000). These days, Indian midsized corporate have made competitive offers to acquire and take over organizations operating worldwide (Devasahayam, 2000). These latest styles have started out up a new set of possibilities and difficulties to Indian SMEs - how do you gain the most from a alliance with a overseas organization and what are the common stumbling blocks to avoid? Tie ups with overseas organizations can take a number of types. At the easiest level, it may be a submission or agency agreement for the sale of products or services. Technology transfer is another road for tie ups. The most progressed types of tie ups are Joint Ventures, where risks and benefits are distributed by the Indian and overseas partners in a pre decided proportion. In the following paragraphs, we are concentrating on Joint Ventures established by Indian and overseas partners for doing organization in Indian (Fulghieri, & Sevilir, 2003).
Aim of the Research
The aims of the research are to critically assess how international joint ventures takes place in India and what are some of the success factors of a successful joint venture in India.
Objectives of the Research
The objective of the research is to perform an in depth research on the joint ventures in India and the problems that they face along with some do's and dont's for the corporate sector to consider while starting up a joint venture in India.
Research Question
The research question for the dissertation is what are some of the success factors of joint ventures in India?
Literature Review
Business history is thrown with testimonies of joint ventures going bitter and with adverse repercussions for both events. According to one calculate more than 50% of joint ventures don't succeed due to various reasons. It is therefore important to understand various aspects which are necessary to build a effective Joint Project (Wang, & Zhu, 2005). Developing a long-lasting joint venture is a complicated effort and interface between ...