1. ""According to a recent McKinsey article, Avoiding blind spots in your next joint venture, “even joint ventures developed using familiar best practices can fail without cross-process discipline in planning and implementation.” According to McKinsey’s own studies, JVs succeed only around half the time, even though JV best practices are well known:
""When we interviewed senior JV practitioners in 20 S&P 100 companies―with combined experience evaluating or managing more than 250 JVs―they estimated that as many as 40 to 60 percent of their completed JVs have underperformed or failed outright. ""
http://www.chinalawblog.com/2014/01/how-...
2. Please also read about a big project which failed:
http://business.highbeam.com/436093/arti... .
I am writing an essay on the risks of opening a joint venture in China, and wondered if anyone knew any examples of joint ventures which failed?
