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What makes a good joint venture?

Technical expertise and know-how Each party to the business often brings specialized expertise and knowledge, which helps make the joint venture strong enough to move aggressively in a specified direction. 4. New market penetration

Why is a JV partnership no longer viable?

The individual objectives of each party are no longer aligned with the common objectives of the JV partnership. Legal or financial issues have arisen with one or both of the parties that make continuing the JV no longer viable.

What is the difference between a JV and a consortium?

The term “ consortium ” is sometimes used to describe a JV, and there are similarities. However, a consortium is a more informal agreement than a JV. For example, a consortium of travel agencies can negotiate and give members special rates on hotels and airfares, but it does not create a whole new entity.

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