What is Joint Venture?
A joint venture is a business arrangement where two or more parties collaborate to undertake a specific project or business activity, sharing risks, responsibilities, and profits.
A joint venture is a business arrangement where two or more parties collaborate to undertake a specific project or business activity, sharing risks, responsibilities, and profits.
Introduction: A joint venture (JV) is a strategic alliance where two or more parties, typically businesses, agree to collaborate on a specific project or business activity while remaining distinct entities. This collaboration combines resources, expertise, and strengths to achieve common goals, such as entering new markets, developing new products, or enhancing competitive advantage. Joint ventures can vary in structure and scope, ranging from short-term partnerships for a specific project to long-term collaborations forming a separate legal entity. JVs offer a way for companies to share risks and rewards, access new technologies and markets, and pool resources for large-scale projects.
Benefits of Joint Ventures:
Considerations for Successful Joint Ventures: