Joint Venture

Business Plan

  

Joint Venture Human Resources Strategy

  

Hewitt

Cultures
  
 

While joint ventures are driven by business needs and are implemented in accordance with a business plan or strategy which is generally stated in financial terms, it is the responsibility of the human resources function to translate the business plan into "people" terms.
 

For a joint venture to be successful, senior management must address important human resources issues and answer the following questions:
 

▪ What will be your business strategy? How will it impact the people of your organization?

▪ What competences (knowledge, expertise, interpersonal skills) will be required to make the joint venture successful? What type of people should work in the joint venture?  >>>

▪ How will you create a hybrid culture that overcomes cross-cultural barriers? How will you bridge the gap between foreign and local management?  >>>

▪ What structures, processes, and human resources programs should you implement in the joint venture to support the organizational goals?  >>>

Team Culture

Manage Cultural Differences