Joint ventures



Joint ventures

When two businesses agree to work closely together on a project and create separate business to do so.

Advantages

  • Costs and risk are shared
  • Different strengths
  • Major markets in different countries

Disadvantages

  • Style of management and culture: may not blend in
  • Error and mistakes may lead to blaming
  • Business failure of one can put the whole project at risk.





Rating 3.00 out of 5


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