Question 13 1 pts There are three approaches to managing a JV: 1) Founding firms

Question

Question 13 1 pts There are three approaches to managing a JV: 1) Founding firms share management jointly 2) One founder takes primary responsibility 3) An independent team manages the JV Which approach is most often preferred, and why? 1, because team management yields more ideas and thus higher profits 3, because the independent team is focused on the success of the JV rather than its parents 2, because it is less efficient to have one management team rather than two 1, because this management approach is legally required in most countries

Explanation / Answer

The correct answer will be option 1. Because in a joint venture when management is shared by the founding firms, then the ideas yield can be generated more. Thus option 1 will the correct answer.

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