Although mergers and acquisitions have been grabbing headlines lately, joint ventures are also on the rise, according to this study from Boston Consulting Group professionals. Whether the goal is to enter new markets or fill gaps in expertise, forging a joint venture can help a business achieve objectives it may not be able to reach alone. This survey, based on responses from more than 70 companies around the world, provides an excellent overview of what makes joint ventures work. getAbstract recommends it to executives whose firms may be considering a joint venture.
In this summary, you will learn
- What objectives joint ventures (JVs) can help companies attain,
- What problems firms often encounter in JVs and
- What eight steps organizations can take to help ensure successful joint ventures.
About the Authors
Alexander Roos, Dinesh Khanna, Sharad Verma, Nikolaus Lang, Alex Dolya, Gaurav Nath and Tawfik Hammoud are members of the Boston Consulting Group.