The three partners of an international joint venture, located in the Asian country of one of the partners, are locked in a profit distribution dispute that repeated negotiations between the partners have failed to resolve. They are beginning to think about formal dispute resolution methods. In this context, what strategy would you implement? What are the advantages and disadvantages of the strategy?
Provide a thorough response in one or two paragraphs, using appropriate terminology from the chapter.
In response to your peersâ€™ posts, recommend strategies to overcome the disadvantages of the methods your peers chose. Engage your peers in a meaningful discussion on the module topics. Use at least one scholarly reference.
Refer to the Discussion Rubric for directions on completing these discussions.