Management final pt 2

joint venture

a new independent entity jointly created and owned by two or more parent companies

reasons for cross border alliances

avoid import barriers/licensing requirements/other protectionist legislation, share the costs and risks of the research and development of new products, gain access to specific markets where regulations favor domestic companies, reduce political risk while making inroads in a new market, gain rapid entry into a new or consolidating industry and take advantage of synergies

ecommerce enablers

companies that specialize in providing the technology to organize transactions and follow through with the regulatory requirements

strategic alliances

partnerships between two or or more firms that decide they can pursue their mutual goals better by combining their resources

knowledge management

transfer (managing the flow of existing knowledge between parents and from the parents to the IJV), transformation (managing the transformation and creation of knowledge within the IJV through its independent activities), harvest (managing the flow of transformed and newly created knowledge from the IJV back to the parents)