Strategy Library

Joint ventures

Joint ventures are a form of strategic partnership between at least one domestic and one foreign company.

Description of joint ventures

Joint ventures are a form of strategic partnership between at least one domestic and one foreign company. They are used to achieve a specific goal (e.g. the development of a new product or the improvement in market position) and are usually formed on a temporary basis. The contractors remain legally independent and bring the respective production factors they have into the joint venture.

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