An HR Guide for Navigating Joint Ventures

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Given the strategic importance of joint ventures (JVs) in today’s global business environment, one might expect to easily find guidance on tackling the complexities of a JV, based on widely used, successful methods. But that’s not always the case. A review of the literature on JVs shows much of it to be incomplete at best, contradictory at worst. Tactics and solutions that make sense for one JV often don’t resonate for another, for reasons that aren’t obvious or explained by the experts.

After helping many clients navigate the human capital issues of JV journeys, Towers Watson has developed guidelines for HR professionals faced with the prospect of an impending JV. In addition, we've provided a list of common JV terms, with definitions, at the end of this article to be helpful in understanding the terminology.

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