Whether you have a systematic process or just do health checks as needed throughout the life of the partnership, I am a strong believer that planned reviews are important. They not only help you understand the potential for intervention but set up a smoother relationship with the JV’s management or your partner. Part of the game is making sure everybody is on the same page. Few things are worse than feeling like things are going well and then finding out your partner perceives the performance as abysmal. Planned reviews can be quite helpful in that, especially if you involve your partner or at least make them aware and share the insights.
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