The inherent challenges of joint ventures in India
Businesses need clear defined leadership structures to succeed. Solutions like equal 50:50 joint ventures, like in the McDonald's case, don't really work
The news of McDonald’s Corp. terminating its franchise arrangement with its joint venture (JV) in India is of little surprise. It’s the latest development in the conflict between the two JV partners, the American company McDonald’s and the Indian partner, Vikram Bakshi of Connaught Plaza Restaurants Ltd.