Identifying and Prioritizing Goals of Joint Venture between Manufacturing Cooperative Firms, using TOPSIS
In recent years, strategic alliances have taken
increasing importance as a means to control competitive forces and to
enter into new markets. Joint ventures are one of the most frequently
used contractual forms in strategic alliances. There are various
motivations for cooperation between two or more firms e.g.,
accessing to technical know-how, accessing to financial resources
and managing risks. The firms must know about these motivations to
encourage for establishing joint venture. So, it is important for
managers to understand about these motives. On the other hand, the
cooperation section is one of the most effective parts in each country.
In this way, our study identifies goals of joint venture between
cooperative manufacturing firms, and prioritizes those using
TOPSIS1. The results show that the most important of joint venture
goals are: accessing to managerial know-how, sharing total capital
investment.
[1] G.D. Deitz, M. Tokman, R.G. Richey and R.M. Morgan, "Joint venture
stability and cooperation: Direct, indirect and contingent effects of
resource complementarity and trust," Industrial Marketing Management,
vol. 39, pp. 862-873, 2010.
[2] R.A. Burgelman, "A model of the interaction of strategic behavior,
corporate context and the concept of strategy," Academy of
Management Review, vol.8, pp. 61-70, 1983.
[3] S.A. Zahra, and J.G. Covin, "Contextual influences on the corporate
entrepreneurship-performance relationship: a longitudinal analysis,"
Journal of Business Venturing, Vol.10, No.1, pp.43-58, 1995.
[4] P. Sharma and J.J. Chrisman, "Toward a reconciliation of the
definitional issues in the field of corporate entrepreneurship,"
Entrepreneurship Theory and Practice, Vol. 23, No.3, pp.11-27, 1999.
[5] Z. Block and I.C. MacMillan, "Corporate Venturing: Creating New
Businesses within the Firm," Harvard Business School Press, Boston,
1993.
[6] S.A. Zahra, A.P., Nielsen and W.C. Bogner, "Corporate
entrepreneurship, knowledge, and competence development,"
Entrepreneurship Theory and Practice, Vol. 23, pp.169-189, 1999.
[7] R.A. Burgelman, and L. Valikangas, "Managing internal corporate
venturing cycles," Sloan Management Review, vol. 46, no. 4, PP. 26-34,
2005.
[8] S.A. Hill and J. Birkinshaw, "Strategy-organization configurations in
corporate venture units: impact on performance and survival," Journal of
Business Venturing, Vol.23, No. 4, pp.423-444, 2008.
[9] J. Henri, Burgers, J.P. Jansen Justin, A.J Bosch,. and H.W Volberda,
"Structural differentiation and corporate venturing: The moderating role
of formal and informal integration mechanisms," Journal of Business
Venturing, vol. 24, PP.206-220, 2009.
[10] A.C. Inkpen, and C.C. Steven, "The nature, antecedents, and
consequences of joint venture trust," Journal of International
Management, Vol. 4, No 1, pp.1-20, 1998.
[11] G. J. Werden "Antitrust Analysis of Joint Ventures: An Overview,"
Antitrust Law Journal, Vol.66, pp. 701-735, 1998.
[12] J. F. Brodley, "Joint Ventures and Antitrust Policy", Harvard Law
Review, Vol.95,No. 7, May, 1982.
[13] M. Glambosky, K. Gleason and J. Wiggenhorn, "Joint ventures between
US MNCs and foreign governments," International Journal of
Managerial Finance, Vol. 7, No. 3, pp.238-258, 2011.
[14] J. Buckley and M. Casson ,"A theory of cooperation in international
business " in Contractor, J. and Lorange, P. (Eds), Cooperative
Strategies in International Business: Joint Ventures and Technology
Partnerships between Firms, Lexington Books, Lexington, MA., 1988.
[15] A.R. Abdul-Aziz and S.Y. Cha, "Patterns in strategic joint venture of
selected prominent cross-border contractors for 1999-2003," Can.J. Civ.
Eng, Vol. 35, pp.1009-1017, 2008.
[16] J. H. Dyer, and H. Singh, "The relational view: Cooperative strategy
and sources of inter organizational competitive advantage," The
Academy of Management Review, Vol.23, No.4, pp. 660−679, 1998.
[17] E. Rodriguez, "Cooperative ventures in emerging economies," Journal
of Business Research, Vol.61, pp.640-647, 2008.
[18] J. Pfeffer and P. Nowak, "Joint ventures and interorganizational
interdependence," Administrative Science Quarterly, Vol.21, pp.398-
418, 1976.
[19] A. Rockwood, "The impact of joint ventures on the market for OCS oil
and gas leases," Journal of Industrial Economics, Vol. 31, pp.452-68,
1983.
[20] J. McConnell and T.J. Nantell, "Corporate combinations and common
stock returns: the case of joint ventures," The Journal of Finance, Vol.
40 No. 2, pp.519-36, 1985.
[21] J.F. Hennart, "A transaction cost theory of equity joint ventures,"
Strategic Management Journal, Vol. 9, No.4, pp.361-74, July/August
1988.
[22] B. Kogut, "Joint ventures: theoretical and empirical perspectives,"
Strategic Management Journal, Vol. 9, pp. 319-32, 1988.
[23] H.J. Crouse, "The power of partnerships," The Journal of Business
Strategy, pp. 4-8, November/December 1991.
[24] A.J. Vogel and G.B.L. PdaCunha, "Advantages And Pitfalls Of South
Africa-Angola Strategic Alliances," Acta Commercii. pp.73-88, 2010.
[25] J.H. Tiessen and J.D. Linton, "The JV Dilemma: Cooperating and
Competing in Joint Ventures," Canadian Journal of Administrative
Sciences, Vol.17, No.3, pp.203-216, 2000.
[26] M.T. Dacin, C. Oliver and J.P. Roy, " The Legitimacy Of Strategic
Alliances: An Institutional Perspective, "Strategic Management Journal,
vol. 28, pp.169-187, 2007.
[27] E. Klijn, J.J. Reuer, P.J. Buckley, and K.W. Glaister ," Combinations of
partners- joint venture formation motives, " European Business Review,
Vol. 22, No. 6, pp. 576-590, 2010.
[28] C. Anderson and A. Naru, "A model of distributor firm and
manufacturer firm working partnerships," Journal of Marketing, Vol. 5,
No. 1, pp. 42-58, 1990.
[29] A. O'Sullivan and M.S. Steven, "Economics: Principles in action," New
Jersey: Pearson Prentice Hall, p.202, 2003.
[30] International Co-operative Alliance website, www.ica.coop
[31] D.L. Olson, "Comparison of Weights in TOPSIS Models,"
Mathematical and Computer Modelling, 2004.
[32] A. Parkan and M.L. Wu, "On the equivalence of operational
performance measurement and multiple attribute decision making,"
International Journal of Production Research, Vol.35,No.11, pp. 2963-
2988,1997.
[33] R. Rosenthal and R. Rosnow, "Essentials of Behavioral Research:
Methods and Data Analysis," New York: McGraw-Hill, 1991.
[34] P.W. Beamish and C.L. Nathaniel, " Managing Joint Ventures,"
Academy of Management Perspectives , pp.75-94, 2009.
[1] G.D. Deitz, M. Tokman, R.G. Richey and R.M. Morgan, "Joint venture
stability and cooperation: Direct, indirect and contingent effects of
resource complementarity and trust," Industrial Marketing Management,
vol. 39, pp. 862-873, 2010.
[2] R.A. Burgelman, "A model of the interaction of strategic behavior,
corporate context and the concept of strategy," Academy of
Management Review, vol.8, pp. 61-70, 1983.
[3] S.A. Zahra, and J.G. Covin, "Contextual influences on the corporate
entrepreneurship-performance relationship: a longitudinal analysis,"
Journal of Business Venturing, Vol.10, No.1, pp.43-58, 1995.
[4] P. Sharma and J.J. Chrisman, "Toward a reconciliation of the
definitional issues in the field of corporate entrepreneurship,"
Entrepreneurship Theory and Practice, Vol. 23, No.3, pp.11-27, 1999.
[5] Z. Block and I.C. MacMillan, "Corporate Venturing: Creating New
Businesses within the Firm," Harvard Business School Press, Boston,
1993.
[6] S.A. Zahra, A.P., Nielsen and W.C. Bogner, "Corporate
entrepreneurship, knowledge, and competence development,"
Entrepreneurship Theory and Practice, Vol. 23, pp.169-189, 1999.
[7] R.A. Burgelman, and L. Valikangas, "Managing internal corporate
venturing cycles," Sloan Management Review, vol. 46, no. 4, PP. 26-34,
2005.
[8] S.A. Hill and J. Birkinshaw, "Strategy-organization configurations in
corporate venture units: impact on performance and survival," Journal of
Business Venturing, Vol.23, No. 4, pp.423-444, 2008.
[9] J. Henri, Burgers, J.P. Jansen Justin, A.J Bosch,. and H.W Volberda,
"Structural differentiation and corporate venturing: The moderating role
of formal and informal integration mechanisms," Journal of Business
Venturing, vol. 24, PP.206-220, 2009.
[10] A.C. Inkpen, and C.C. Steven, "The nature, antecedents, and
consequences of joint venture trust," Journal of International
Management, Vol. 4, No 1, pp.1-20, 1998.
[11] G. J. Werden "Antitrust Analysis of Joint Ventures: An Overview,"
Antitrust Law Journal, Vol.66, pp. 701-735, 1998.
[12] J. F. Brodley, "Joint Ventures and Antitrust Policy", Harvard Law
Review, Vol.95,No. 7, May, 1982.
[13] M. Glambosky, K. Gleason and J. Wiggenhorn, "Joint ventures between
US MNCs and foreign governments," International Journal of
Managerial Finance, Vol. 7, No. 3, pp.238-258, 2011.
[14] J. Buckley and M. Casson ,"A theory of cooperation in international
business " in Contractor, J. and Lorange, P. (Eds), Cooperative
Strategies in International Business: Joint Ventures and Technology
Partnerships between Firms, Lexington Books, Lexington, MA., 1988.
[15] A.R. Abdul-Aziz and S.Y. Cha, "Patterns in strategic joint venture of
selected prominent cross-border contractors for 1999-2003," Can.J. Civ.
Eng, Vol. 35, pp.1009-1017, 2008.
[16] J. H. Dyer, and H. Singh, "The relational view: Cooperative strategy
and sources of inter organizational competitive advantage," The
Academy of Management Review, Vol.23, No.4, pp. 660−679, 1998.
[17] E. Rodriguez, "Cooperative ventures in emerging economies," Journal
of Business Research, Vol.61, pp.640-647, 2008.
[18] J. Pfeffer and P. Nowak, "Joint ventures and interorganizational
interdependence," Administrative Science Quarterly, Vol.21, pp.398-
418, 1976.
[19] A. Rockwood, "The impact of joint ventures on the market for OCS oil
and gas leases," Journal of Industrial Economics, Vol. 31, pp.452-68,
1983.
[20] J. McConnell and T.J. Nantell, "Corporate combinations and common
stock returns: the case of joint ventures," The Journal of Finance, Vol.
40 No. 2, pp.519-36, 1985.
[21] J.F. Hennart, "A transaction cost theory of equity joint ventures,"
Strategic Management Journal, Vol. 9, No.4, pp.361-74, July/August
1988.
[22] B. Kogut, "Joint ventures: theoretical and empirical perspectives,"
Strategic Management Journal, Vol. 9, pp. 319-32, 1988.
[23] H.J. Crouse, "The power of partnerships," The Journal of Business
Strategy, pp. 4-8, November/December 1991.
[24] A.J. Vogel and G.B.L. PdaCunha, "Advantages And Pitfalls Of South
Africa-Angola Strategic Alliances," Acta Commercii. pp.73-88, 2010.
[25] J.H. Tiessen and J.D. Linton, "The JV Dilemma: Cooperating and
Competing in Joint Ventures," Canadian Journal of Administrative
Sciences, Vol.17, No.3, pp.203-216, 2000.
[26] M.T. Dacin, C. Oliver and J.P. Roy, " The Legitimacy Of Strategic
Alliances: An Institutional Perspective, "Strategic Management Journal,
vol. 28, pp.169-187, 2007.
[27] E. Klijn, J.J. Reuer, P.J. Buckley, and K.W. Glaister ," Combinations of
partners- joint venture formation motives, " European Business Review,
Vol. 22, No. 6, pp. 576-590, 2010.
[28] C. Anderson and A. Naru, "A model of distributor firm and
manufacturer firm working partnerships," Journal of Marketing, Vol. 5,
No. 1, pp. 42-58, 1990.
[29] A. O'Sullivan and M.S. Steven, "Economics: Principles in action," New
Jersey: Pearson Prentice Hall, p.202, 2003.
[30] International Co-operative Alliance website, www.ica.coop
[31] D.L. Olson, "Comparison of Weights in TOPSIS Models,"
Mathematical and Computer Modelling, 2004.
[32] A. Parkan and M.L. Wu, "On the equivalence of operational
performance measurement and multiple attribute decision making,"
International Journal of Production Research, Vol.35,No.11, pp. 2963-
2988,1997.
[33] R. Rosenthal and R. Rosnow, "Essentials of Behavioral Research:
Methods and Data Analysis," New York: McGraw-Hill, 1991.
[34] P.W. Beamish and C.L. Nathaniel, " Managing Joint Ventures,"
Academy of Management Perspectives , pp.75-94, 2009.
@article{"International Journal of Business, Human and Social Sciences:59822", author = "H. Zare Amadabadi and S. Soltani Gerdefaramarzi", title = "Identifying and Prioritizing Goals of Joint Venture between Manufacturing Cooperative Firms, using TOPSIS", abstract = "In recent years, strategic alliances have taken
increasing importance as a means to control competitive forces and to
enter into new markets. Joint ventures are one of the most frequently
used contractual forms in strategic alliances. There are various
motivations for cooperation between two or more firms e.g.,
accessing to technical know-how, accessing to financial resources
and managing risks. The firms must know about these motivations to
encourage for establishing joint venture. So, it is important for
managers to understand about these motives. On the other hand, the
cooperation section is one of the most effective parts in each country.
In this way, our study identifies goals of joint venture between
cooperative manufacturing firms, and prioritizes those using
TOPSIS1. The results show that the most important of joint venture
goals are: accessing to managerial know-how, sharing total capital
investment.", keywords = "Cooperative, Joint Venture, TOPSIS", volume = "6", number = "6", pages = "1447-4", }
