Opposites don't attract in a good JV
Thinking about a joint venture? Stagecoach Group FD Martin Griffiths says you’ve got to be “very comfortable” with your potential partner for it to work.
“You have to have a similar understanding and ethos,” he adds.
Stagecoach, the UK transport company that also has operations in North America, has a few JVs on the go. One of those – Virgin Rail Group – is with Richard Branson’s Virgin Group.
Griffiths says the working relationship between the two companies is good from the top down. “Brian Souter, our CEO, has a good relationship with Richard Branson. It means we all have a high mutual respect for each other.
"These things would typically come unstuck because of people issues. If the people work well together and gel well, you have every chance of success.”
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Tags: stagecoach, transport company, jvs, martin griffiths, virgin rail group, virgin group, richard branson, joint venture, people issues,
