Japanese ownership in international joint ventures(IJVs) in ThailandJapanese ownership in international joint ventures(IJVs) in Thailand Japanese ownership in international joint ventures(IJVs) in Thailand
Recently, the difficultly of continuous company growth through only conventional managements skills and resources has increased. As a result, surviving drastic environmental changes, such as globalization, has also become challenging. Thus, developing international strategies is an essential requirement for new companies. Business management resources, such as speedy business judgment, owned advanced technologies, or expertise, that sustain strategic globalization are consequently required. However, companies’ business management resources have natural limits, requiring them to obtain resources they do not possess from other parties instead. Hence, since the 1980s, strategic alliances and international joint ventures (IJVs), such as complementation, have been the focus for sustaining business management resources.