Business partnership
Combining resources, expertise, and risks, this type of partnership is often for specific projects.
What is a joint venture?
When partners have different aims, this common issue can arise.
what is goal misalignment
Partners share each other's technology, knowledge, and other resources.
What is resource sharing?
This benefit of a joint venture allows companies to share costs and lower individual financial risk.
what is risk sharing?
If one partner works harder than the other, this issue can cause tension.
what is unequal work?
Sharing these two factors makes big projects more affordable.
What are costs and risks?
Sony and this company partnered to create mobile phones.
What is Ericsson?
Companies use joint ventures to enter these, especially by partnering with local businesses.
What is a new market?
This type of conflict happens when partners have different company cultures.
what are cultural differences?
JVs often lead to new products and ideas, thanks to combined expertise.
What is innovation?
BMW partnered with this Japanese automaker to work on fuel cell technology.
what is Toyota ?
This document outlines goals, roles, and profit-sharing in a joint venture.
what is an agreement
Without trust, joint ventures can face this major issue.
what is a trust issue?
A JV can help companies compete better in this.
what is the market?
Originally a JV between NBCUniversal, Disney, and Fox, this service offers streaming TV and movies.
what is Hulu?
These two companies partnered to create Google Earth using satellite data
Who are Google and NASA?
This part of a JV agreement details conditions for ending the partnership
what is an exit strategy?
JVs are usually set up for a specific project, giving this advantage of not being long-term.
What is flexibility?
BMW and Toyota collaborated to create this type of environmentally friendly technology.
what are fuel cell?