Question

How do the roles of a subsidiary general manager differ in a wholly owned subsidiary in a developed country versus a joint venture in a developing country?

Answer 1

For the wholly owned subsidiary, the general manager can follow the guidelines provided by the parent company without any complaints, in the other hand, a joint venture subsidiary manager have to take into consideration the will and ideas of the secondary partner and the parent company as he must keep both sides happy because both of them own the company and are decision makers.

A joint venture is a firm that is set up, owned and operated by two or more companies. A joint venture may be an equal partnership, or one of the partners may have a greater share of the business. A wholly owned subsidiary is owned by a single company that maintains control over it.

Be both wholly-owned and not wholly-owned, With a regular subsidiary, the parent company's ownership stake is more than 50%. A wholly-owned subsidiary, on the other hand, is fully owned by the parent. This means that the parent holds 100% of this subsidiary's common stock.

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