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Factors To Be
Considered
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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.
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