Joint venture development: driving forces towards equilibrium

Bettina Büchel

Journal of World Business, 2002, vol. 37, issue 3, 199-207

Abstract: Based on a process perspective, this paper investigates the development of an R&D joint venture from initiation to termination. The findings propose a model of joint venture development highlighting the driving forces at each stage of development. These driving forces cause periodic sequences of divergence and convergence in group relations. Although equilibrium can be maintained over time, divergence can result in a loss of equilibrium that leads to the termination of the joint venture.

Date: 2002
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