Question

please answer

What is knowledge management and how does it occur in international joint ventures?

Answer 1

International joint ventures (IJV) occurs when two companies based in two or more countries form partnerships. Companies wishing to explore international trade without full responsibility for transnational business operations have the opportunity to form joint ventures with foreign partners. International investors in joint ventures reduce the risk arising from direct business access. In developing international business, due diligence on foreign countries and partners determines the risks associated with such business operations.

IJV elp companies develop strategic alliances that allow them to gain competitive advantage through access to partner resources, including markets, technology, capital and people. International joint ventures are seen as a practical tool for knowledge transfer, such as the transfer of technology from multidisciplinary expertise to local companies, and such knowledge transfer can contribute to improving firm performance. Local. In IJVs, one or more parties are located where the IJV operations are performed and also involve local and foreign companies.