{"id":9487,"date":"2012-02-20T07:00:00","date_gmt":"2012-02-20T13:00:00","guid":{"rendered":"https:\/\/trainingmag.com\/best-practices-td-for-global-jvs-and-mas\/"},"modified":"2020-12-17T14:50:06","modified_gmt":"2020-12-17T20:50:06","slug":"best-practices-td-for-global-jvs-and-mas","status":"publish","type":"post","link":"https:\/\/trainingmag.com\/best-practices-td-for-global-jvs-and-mas\/","title":{"rendered":"Best Practices: T&D for Global JVs and M&As"},"content":{"rendered":"

\n\tBy Neal Goodman, Ph.D.<\/p>\n

\n\tBetween 50 and 70 percent of international joint ventures (IJVs) fail, yet the number of IJVs, mergers, and acquisitions continues to increase. It is estimated that companies are making a combined investment of upward of $500 billion a year in these high-risk\/high-reward ventures. What must not be overlooked is the role Training and Development can play in increasing the likelihood that these ventures will be more rewarding and less risky. Here is one current example:<\/p>\n

\n\tA new international joint venture of four leading airlines from four nationalities, respectively, needed to rapidly get the managers from each airline to work effectively together. Each airline had its own processes, procedures, incentive practices, etc. The joint venture took the proactive step of delivering programs that helped team members better appreciate the cultural nuances of each of the airlines and the national cultures reflected in their management, decision-making, and communications styles.<\/p>\n

\n\tThe solution was an intensive two-day program, which brought representatives from each of the airlines together in each of the four countries. In the workshops, the participants learned about each other\u2019s corporate and national cultures and were taught specific techniques to bridge the differences through simulations and scenarios. Though this program represented a significant investment in time for all participants and organizations, the ROI far outweighed the costs.<\/p>\n

\n\tWhat Can Go Wrong<\/strong><\/p>\n

\n\tOn the flip side, here are the common pitfalls of unsuccessful IJVs:<\/p>\n