One area in which joint ventures are effective is the transfer of tacit knowledge as illustrated in the Fujitsu Siemens joint venture (Chapter 9 Strategic Focus).

Question

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The statement is true, as explained in the example of the Fujitsu Siemens joint venture where the partners were able to transfer tacit knowledge and skills from each other, resulting in successful technological innovations and market entry strategies.

One Area in Which Joint Ventures Are Effective Is the Transfer