Role of the Training Department in International Joint Ventures, Mergers, and Acquisitions

With an estimated failure rate of 50 to 70 percent, international joint ventures (IJVs) are inherently unstable endeavors. However, the advantages of successful international joint ventures, mergers, and acquisitions are significant enough that an increasing number of companies continue to take the gamble to the tune an estimated investment of more than $500 billion a year. Training and development departments can play a major role in improving the likelihood of success.