Transformations  in
Business & Economics

REVITALISATION OF INTERNATIONAL JOINT VENTURES IN CHINA: A DISCUSSION OF KEY SUCCESS FACTORS
Yunting Shen, Xiaosong Zheng

ABSTRACT. International Joint Venture (IJV) is a popular entry mode to the Chinese market. However, recently many IJVs have suffered from failures due to the rapid change of China's business environment. Based on a comprehensive literature review and an interview of relevant experts in the area, the paper identifies and discusses shared key success factors (KSFs) for revitalising IJVs in contemporary China. A focus is on the discussion of KSFs in the recent ten years (2010‒2020) to reflect the policy and strategy shift for revitalising IJVs in China. KSFs are classified, compared, and discussed before and after the year 2010 in the IJV formation and operation phases respectively. It is concluded that the revitalisation of IJVs in China requires a shifted focus on recent KSFs to enable innovation and knowledge learning in IJVs. Policy and strategy implications at both government and IJV levels are further discussed to enable the sustainable development of IJVs in China.

KEYWORDS:  revitalisation, IJV, KSF, strategy, China.

JEL classification:  revitalisation, IJV, KSF, strategy, China.