“Industry's Problem Children,”Business Week (24 October 1964), p. 51.
2.
This article is based on studies conducted as part of a National Science Foundation-funded project RDA-19064. Financial support from the Public Policy Research Center, University of Florida, is also gratefully acknowledged. Any findings, conclusions or recommendations expressed herein are those of the authors and do not necessarily reflect the views of NSF.
3.
Two recent studies highlight the use of joint ventures as responses to unique opportunities. YoungG. RichardBradfordStandish in Joint Venture: Planning and Action (New York: Financial Executives Research Foundation, 1977, pp. viii–106) present a useful overview of joint venture activity, with emphasis given to international joint ventures. Besides providing a good introduction to financial considerations, accounting issues, and the structure of joint ventures (agreements on capitalization, management, and termination), they review case studies. In another recent study, HlavacekJames D. and his colleagues analyzed joint venture situations and technology, respectively. The authors showed why such new product joint ventures are being considered more often than in the past. They reach conclusions similar to those presented here, although our particular set of case studies provides another perspective on the issues of choosing partners and working out satisfactory operating relationships. See “Tie Small Business Technology to Marketing Power,”Harvard Business Review (January–February 1977, pp. 106–116).
4.
For a more detailed descussion of these matters see “Joint Venture Corporations: Drafting the Corporate Papers,”Harvard Law Review (December 1964), 393–424.
5.
Fortune (August 1976), p. 42.
6.
See BergSanford V.FriedmanPhilip, “Joint Ventures in American Industry: An Overview,”Mergers and Acquisitions (Summer 1978), p. 28–41. Also see two other articles in the series: “Managerial Policy” (Autumn 1978) and “Public Policy” (Winter 1979).
7.
“Olin Slims Down for Faster Growth, Business Week (10 August 1974), p. 60–68.
8.
“Skaggs Charts a Recession-Proof Combo,”Business Week (6 June 1977), p. 50–52.
