Strategic planning: how it helped to resolve conflict in a new international joint venture
ISSN: 0275-6668
Article publication date: 21 March 2023
Issue publication date: 15 February 2024
Abstract
Purpose
The purpose of this study is to show how strategic planning can play multiple roles in the context of conflict between two controlling shareholders in a new joint venture.
Design/methodology/approach
This study conducted a five-year qualitative case study of a large financial services joint venture co-owned by a Latin American state bank and a European financial company.
Findings
The authors found that over time, budgeting and strategic planning had intertwining use to guide strategic decisions, but unexpectedly, strategic planning eventually developed three distinct roles beyond the merely functional, as it also contributed to complex symbolic and political functions.
Originality/value
This study provides guidance on considering different roles taken by strategic planning, as a utilitarian practice, as a symbolic narrative and as a conflict-mediating routine.
Keywords
Acknowledgements
This paper has benefited from suggestions made by anonymous reviewers from the Academy of Management Annual Meeting, in 2020. The authors are grateful to all managers interviewed in the field research, for their transparence and openness to share their experience and learnings.
Citation
Wood Jr., T., Pasturino, M. and Caldas, M.P. (2024), "Strategic planning: how it helped to resolve conflict in a new international joint venture", Journal of Business Strategy, Vol. 45 No. 2, pp. 89-97. https://doi.org/10.1108/JBS-07-2022-0131
Publisher
:Emerald Publishing Limited
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