|
| |
In a joint venture (JV), two or more "parent" companies
agree to share and
synergize capital, technology, human resources, risks and rewards in a
formation of a new entity under shared control. |
|
| |
Why Joint
Ventures?
Joint ventures are becoming an increasingly common way for companies to form
strategic alliances because there are good business
and accounting reasons to create a JV with a company that
has complementary
→
capabilities
and
resources, such as distribution channels, technology, or finance. |
|
|
Benefits of Joint Ventures |
| |
Prepare a Business
Plan
To maximize the chances of success, the
prospective joint venture partners should first jointly prepare and agree on
a
business plan ─
even before signing the
joint venture agreement. It will enable each party
to judge the other's expectations, level of interest, management style and
experience...
More |
|
|
Startup Business Plan |
| |
Common
Reasons for Joint Venture Difficulties
The joint venture partners possess
disparate, different and often conflicting,
→
corporate
cultures and operational styles...
More |
|
|
|
