TITLE

Joint Ventures as Self-Organizing Systems: A Key to Successful Joint Venture Design and Implementation

AUTHOR(S)
Lorange, Peter; Probst, Gilbert J. B.
PUB. DATE
June 1987
SOURCE
Columbia Journal of World Business;Summer87, Vol. 22 Issue 2, p71
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper proposes that joint ventures have self-organizing properties that can be designed and managed to ensure success. These properties, related issues, and recommendations for joint venture and parent relationships are discussed.
This article takes a somewhat different approach. Properly conceived strategies and processes may often be inadequate if they cannot be adjusted to meet changing circumstances. A dynamic, evolutionary view of the cooperative venture's development may be needed. Consequently, we shall claim that any organization, in order to be successful, must possess self-organizing properties in order to cope with evolutionary pressures (Probst 1985, 1987). An organization must adapt and evolve on its own to meet new environmental circumstances.
ACCESSION #
5547797

 

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