At the beginning of the semester, you will be assigned two multinational corporations based in two different countries (MNC A and MNC B, both from the current Forbes Global 2000 list) which seek to establish a joint venture in a third country (Country C). You will also be informed whether the establishment of the joint venture is related to a resource, market, efficiency or innovation seeking internationalization strategy (Strategy D).
Put yourself in the position of the CEO of MNC A. Considering your internationalization strategy (Strategy D), analyse and discuss the potential implications of formal and informal institutions for the formation and the successful management of the joint venture with MNC B in Country C. How would you proceed?
(for details on the respective definitions, please see: Peng, M. W. (2015). Global (3rd ed.). Mason: Cengage Learning).
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