Identifying Key Success Factors of International Joint Ventures

A Case Study of Nokia Bell

DOI

10.2991/aebmr.k.210809.035How to use a DOI?

Keywords

International joint ventures (IJVs), Ice Cone Model, Chinese market, Shanghai Nokia Bell

Abstract

The International joint ventures (IJVs) are the most effective way for companies to gain the scale and strength. This has been one of the leading foreign market entry methods over the last decade, especially in the vast Chinese market. Although IJVs are one of the most common forms of entry, numerous studies have shown that IJVs have failed to achieve the goals set for them, or even failed. Therefore, it is significant to study the factors that determine the success of IJVs. This paper takes Shanghai Nokia Bell, which has a foreign enterprise background and is a state-owned enterprise directly under the State-owned Assets Supervision and Administration Commission, as the research object. An interview-based survey method and an analysis based on the Ice Cone Model reveals that similar levels of commitment are critical factors for internal success. In contrast, an excellent regulatory environment and human resource factors can be considered as external success factors. These factors are particularly critical for Chinese-Finnish joint ventures during their operational phase in mainland China. Firms that do not include these conditions should concentrate on fulfilling them. Finally, the limitations of this study are discussed.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yiheng Ding
PY  - 2021
DA  - 2021/08/09
TI  - Identifying Key Success Factors of International Joint Ventures
BT  - Proceedings of the 2021 International Conference on Transformations and Innovations in Business and Education (ICTIBE 2021)
PB  - Atlantis Press
SP  - 250
EP  - 255
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210809.035
DO  - 10.2991/aebmr.k.210809.035
ID  - Ding2021
ER  -