International Joint Ventures (IJVs) combine the resources of local and foreign firms to create independent business entities, however, their failure rate is high. This analysis of the IJV life cycle considers the problems of multi-person decision-making. A typology of strategic and functional configurations, and solution concepts, are developed.

URSULA F. OTT is a Lecturer in International Business at Loughborough University Business School, UK. She obtained her PhD in Economics and Social Sciences at the University of Vienna. She was previously an Assistant Professor at the University of Vienna and a Research Scholar at the London School of Economics and Political Science. She has published in refereed journals and made contributions to conferences in International Business and Game Theory.