One Area in Which Joint Ventures Are Effective Is the Transfer

question 21

True/False

One area in which joint ventures are effective is the transfer of tacit knowledge as illustrated in the Fujitsu Siemens joint venture (Chapter 9 Strategic Focus).

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Definitions:

Japanese Manufacturers

Companies based in Japan known for their emphasis on quality, innovation, and efficient production techniques, often within the automobile and electronics industries.

Local Optimization

A process of optimizing a specific area or department within an organization without necessarily considering its impact on the whole system.

Global Optimization

Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.

Decentralized Supply Chain

A supply chain management strategy where decisions and activities are distributed among various stakeholders or units instead of being centrally controlled, allowing for flexibility and localized decision-making.