Twenty-five percent of joint ventures appoint new CEOs each year. Most new JV CEOs arrive without any prior JV experience. Not surprisingly, most new JV CEOs are unprepared for the challenge of the role. Based on our experience and interviews, we have identified seven practices that new JV CEOs should seriously consider when assuming their new roles. Our advice also applies to those already in the roles who have the opportunity to renegotiate their employment contracts.
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