Effective leadership in joint ventures in Vietnam: a cross‐cultural perspective

Abstract

Effective leadership is a key factor in successful international joint ventures, especially in Vietnam. Compatibility and complementarity of the leadership styles are the foundation for such partnerships. Based on a research study of international managers and their Vietnamese counterparts, an appropriate profile of compatible and complementary leadership characteristics and effective skills and behaviors for successful joint ventures in Vietnam is suggested. A multi‐cultural approach with focus on the mutual understanding of the cultures involved, adapting the styles of the partners and relationship building is necessary for successful joint ventures. Building shared values in the joint venture is critical to performance, to creating an appropriate organizational culture, and to accomplishing effective organizational change.