Keywords: developing economies, risk, international joint ventures, knowledge transfer, transition economies, collaboration, Thailand, Scotland, economic uncertainty, social capital, shared working practices, personal networks
Managing collaboration and knowledge transfer in developing economies: a study of a new joint venture in Thailand
The creation of a new joint venture, involving Scottish and Thai partner organisations, is analysed with regard to the initial setting up of collaborative operations and a pre-implementation programme of knowledge transfer in the context of economic uncertainty. The study concludes that, in general, the managed development of the venture has provided a solid base for future operations and despite recent economic and financial turbulence in the region, the joint venture managements are confident of meeting implementation targets. In terms of the knowledge transfer process, it is shown that an engagement in shared and reciprocal knowledge transfer has enhanced the development of social capital within the venture and has provided a basis for the further development of shared working practices and personal networks, despite the geographical distance, socio-cultural differences and other barriers.