The existence of a neutral leader is not effective if not supported by a clear division of labor at every level, especially at the helm. For example, anyone who is in charge of formulating a joint venture strategy, responsible for risk management, finance and others. Division of labor as that is the basis in assessing the performance of which is usually conducted formally every year, the assessment which was one basis for granting rewards. Person’s performance in joint ventures are also monitored by the parent company where he was originally. Not rare, successful leaders in a joint venture company was withdrawn by the parent company to be promoted. Things like this certainly a big influence on joint ventures.

Financially, accountability in the joint venture also involves the institutions established by the independent auditor. This becomes even more important when there is to do with the transaction or transfer pricing that involves the parent company.

Key executives joint venture must be a ‘bridge’ to improve the quality of communication processes and aligning diversity. Forming a right chemistry, the working atmosphere based on the existence of openness, mutual understanding, adaptability, suitability and organizational trust culture. This process is followed up by accelerating the formation of internal & external relationships that can create lasting formulation of joint ventures.

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