Business Partnerships:

Join Ventures

Forming a Successful Joint Venture

Important Factors to be Considered Before a Joint Venture is Formed

Synergized from various sources and adapted.

Joint Ventures Due Diligence Business Plan Business Valuation Negotiation Tips Market Research Developing Joint Ventures

Most Common Causes of JV Failure

According to a recent survey, only 44% of CEOs of JVs characterized their venture as "very successful".

The most common causes of failure cited by CEOs are:

 

Joint Ventures

Common Reasons for Joint Venture Difficulties

Causes for Joint Venture Failure

Forming a Successful Joint Venture

Choosing a Joint Venture Governing Structure

Joint Venture Human Resources Strategy

HR Action Steps to Prepare for a Successful JV

Model Agreements and Contracts

A preliminary MoU Between Joint Venture Partners

Joint Venture Agreement: a Checklist

Business Partnerships

Strategic Alliances

Structuring a Strategic Alliance: 10 Questions To Answer

Mergers & Acquisitions

Getting People Issues Right in Mergers and Acquisitions

Building Trust Between Organizations

Negotiating

Wise Negotiation DOs and DON'Ts

Negotiation Tips

Conduct During Negotiations

Managing Cross-Cultural Differences

Cultural Intelligence

Factors To Be Considered

  • screening of prospective partners

  • joint development of a detailed business plan and shortlisting a set of prospective partners based on their contribution to developing a business plan

  • due diligence - checking the credentials of the other party ("trust and verify" - trust the information you receive from from the prospective partner, but it's good business practice to verify the facts through interviews with third parties)

  • development of an exit strategy and terms of dissolution of  the joint venture

  • most appropriate structure (e.g. most joint ventures involving fast growing companies are structured as strategic corporate partnerships)

  • availability of appreciated or depreciated property being contributed to the joint venture; by misunderstanding the significance of appreciated property, companies can fundamentally weaken the economics of the deal for themselves and their partners.

  • special allocations of income, gain, loss or deduction to be made among the partners

  • compensation to the members that provide services

Wise Agreement

Choosing a JV Governing Structure

There are three possible JV governance arrangement: full equality; policy equality, and lead parent arrangement... More

Preparing for a Successful JV: HR Action Steps

As  Konosuke Matsushita the legendary founder of Panasonic, put it, "Business is people. Business success is achieved by getting each and every person in the organization to be more successful in the job they do... More

The Role of the Business Architect

Business Architect is a person that initiates new business ventures or leads business innovation, designs a winning business model, and builds a sustainable balanced business system for a lasting success.

Business Model: 1+6 Elements

Business architects can be found in a multitude of business settings: corporate change leaders, initiators of joint ventures, managers of radical innovation projects, in-company ventures, spin-outs, or new start-up ventures.

Although the settings in which business architects act are different, they all design and run a new venture to achieve its sustainable growth.

 

 

References:

  1. Joint Ventures / Partnerships, Hewitt

  2. Joint Ventures: Minimizing Risk and Maximizing Success, Hewitt

  3. Close Connections, Ranjit Shastri

  4. Trusted Partners, Jordan D. Lewis

  5. Joint Ventures Revealed, PlugInForProfit

  6. Mastering Alliance Strategy: A Comprehensive Guide to Design, Management, and Organization, James D. Bamford, Benjamin Gomes-Casseres, Michael S. Robinson

  7. Strategic Alliances: Three Ways to Make Them Work (Memo to the Ceo), Steve Steinhilber

  8. Happy About Joint-Venturing: The 8 Key Critical Factors of Success, Valerie Orsoni-Vauthey