What advice would you give a manager who led a technology-based joint venture project between two organizations of relatively the same size. Advice for Managing a Technology-Based Joint Venture Project between Two Equally Sized Organizations

Tips for managing a joint venture technology-based project between equally sized organisations

Managers can find it challenging but rewarding to manage a joint venture that is technology-based between organizations with similar size. The manager must take four steps to make sure the project is successful. The manager must ensure there is open communication between both organizations. This will allow everyone to understand the scope, timeline and potential challenges. It is also important to clearly define the roles and responsibilities of each member of your team (Kohler 2020). This will enable the team to efficiently use their resources and prevent any miscommunications. A second step is for the manager to identify and plan for any possible risks that may arise from the project. Technology-based joint ventures are more susceptible to technical problems or delays. This is particularly important. This is why it’s important to plan ahead and identify any potential hazards. Cont…