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What is the concept of joint venture?what is it? please tell me with examples.

About: Rediffqna

Tags: money, education, science
Asked by Yuvraj Jagtap, 16 Sep '09 03:27 pm
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Answers (1)


Joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement

INTO University Partnerships specialises in creating JVs with British universities
AutoAlliance International (Ford + Mazda)
Infineum (ExxonMobil + Shell)
Brewers Retail Inc. (Inbev, Molson Coors + Sapporo Breweries)
Equilon (Texaco + Shell)
Strategic Alliance (Northwest Airlines + KLM) ...more
Answered by vats, 16 Sep '09 03:30 pm

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