Too many joint ventures fail because companies drop their focus after doing-the-deal.
It is common for the intent of principals during deal-making to be compromised during this phase of partner integration. Poor project management in the confluence of two culturally different parties can result in significant value leakage.
Pitfalls include ill-prepared integration of people into the new venture, insufficient buy-in and communication of the new venture’s imperatives, poor business planning, and unclear direction of board ratified policies, governance and procedures for the venture to operate.
DaLu’s consultants are able to assist in this critical albeit relatively short period of executing new Chinese Foreign joint ventures. This could entail venture execution management planning as well as working with clients doing on-ground project delivery against the blueprint agreed between the shareholders.