joint venture (JV)
Definition
New firm formed to achieve specific objectives of a partnership like temporary arrangement between two or more firms. JVs are advantageous as a risk reducing mechanism in new-market penetration, and in pooling of resource for large projects. They, however, present unique problems in equity ownership, operational control, and distribution of profits (or losses). Research indicates that two out of five JV arrangements last less than four years, and are dissolved in acrimony. See also strategic alliance.
joint venture (JV) is in the Banking, Commerce & Finance, Decision Making, Problem Solving, & Strategy and Planning & Scheduling subjects.
joint venture (JV) appears in the definitions of the following terms:
strategic alliance,
alliance,
grand strategy,
partnering,
off balance sheet financing (OBSF),
build, own, operate, transfer (BOOT),
quasi partner,
Global Distribution System (GDS),
extranet,
corporate venturing
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/joint-venture-JV.html
email to a friend print this definition cite this definition