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Joint venture - Wikipedia, the free encyclopedia (346 words) |
 | A joint venture (often abbreviated JV, and sometimes known by the older term joint adventure) is a strategic alliance between two or more parties to undertake economic activity together. |
| Joint ventures are very common in the oil and gas industry, and are often cooperations between a local and foreign company (about 3/4 are international). |
| A joint venture is often seen as a very viable business alternative in this sector, as the companies can complement their skill sets while it offers the foreign company a geographic presence. |
| joint venture - definition of joint venture in Encyclopedia (173 words) |
| The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. |
| Joint ventures are very common in the oil and gas industry, and are often cooperations between a local and foreign company. |
| A joint venture is often seen as a very viable business alternative in this sector, as the companies can compliment their skill sets while it offers the foreign company a geographic presence. |
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