What does joint venture mean?
Definitions for joint venture
join·t ven·ture
This dictionary definitions page includes all the possible meanings, example usage and translations of the word joint venture.
Princeton's WordNet
joint venturenoun
a venture by a partnership or conglomerate designed to share risk or expertise
"a joint venture between the film companies to produce TV shows"
Wiktionary
joint venturenoun
A cooperative partnership between two individuals or businesses in which profits and risks are shared
Wikipedia
Joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates (the vast majority of which are wholly owned) realized a slightly lower 5.2 percent ROA. The same story holds true for investments by foreign companies in the U.S., but the difference is more pronounced. U.S.-based joint ventures realized a 2.2 percent average ROA, while wholly owned and controlled affiliates in the U.S. only realized a 0.7 percent ROA."Most joint ventures are incorporated, although some, as in the Oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers". The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an "industry utility" that provides a narrow set of services to industry participants. Some major joint ventures include United Launch Alliance, Vevo, Hulu, Penske Truck Leasing, and Owens-Corning.
ChatGPT
joint venture
A joint venture is a strategic business agreement or partnership between two or more parties, often companies or individuals, to undertake a specific project or business activity. It involves sharing of resources, responsibilities, skills, risks, and returns. Joint ventures are often used to enter new markets, develop new products or share technology and expertise. The length and degree of participation can vary, and it can be dissolved when the project or activity is completed, or continue indefinitely.
Wikidata
Joint venture
A joint venture is a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares. In European law, the term 'joint-venture' is an elusive legal concept, better defined under the rules of company law. In France, the term 'joint venture' is variously translated as 'association d'entreprises', 'entreprise conjointe', 'coentreprise' or 'entreprise commune'. But generally, the term societe anonyme loosely covers all foreign collaborations. In Germany, 'joint venture' is better represented as a 'combination of companies'. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers". The venture can be for one specific project only - when the JV is referred to more correctly as a consortium - or a continuing business relationship. The consortium JV is formed where one party seeks technological expertise or technical service arrangements, franchise and brand use agreements, management contracts, rental agreements, for one-time contracts. The JV is dissolved when that goal is reached.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of joint venture in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of joint venture in Pythagorean Numerology is: 2
Examples of joint venture in a Sentence
The bottom line is that the joint venture between the Russians and Americans is taking us to the cleaners.
We are in a process of negotiations with our joint venture partner (FAW), also about the possibility of an increase in our stake. Apart from this, there is nothing else on the table with regard to M&A.
Chief Executive Craig Kreeger:
We believe this company has so much upside in front of us with the Delta joint venture and the new fleet.
Foreign Minister Rafael Ramirez:
Don't view these as imports because with Algeria we're going to create a joint venture. It's like a business mixing two types of crude ... and it sells at a very good price.
Mostly they came in by joint venture with local (ethnic) Chinese companies, our firms have already sold two six-acres sites to the Chinese. We need money.
Translations for joint venture
From our Multilingual Translation Dictionary
- شركة محاصةArabic
- joint ventureDanish
- Gemeinschaftsunternehmen, Joint VentureGerman
- empresa mixta, joint venture, empresa conjuntaSpanish
- yhteisyritys, työyhteenliitymä, yhteishankeFinnish
- coentreprise, joint venture, entreprise commune, joint-ventureFrench
- संयुक्त उद्यमHindi
- joint ventureItalian
- מיזם משותףHebrew
- 合弁会社, ジョイントベンチャー, 合弁事業, 合弁企業Japanese
- 합작 투자Korean
- iuncturam audereLatin
- gezamenlijke ondernemingDutch
- fellesforetakNorwegian
- joint venturePolish
- joint venturePortuguese
- СП, совместное предприятиеRussian
- joint ventureSwedish
- บริษัท ร่วมทุนThai
- liên doanhVietnamese
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"joint venture." Definitions.net. STANDS4 LLC, 2024. Web. 27 Nov. 2024. <https://www.definitions.net/definition/joint+venture>.
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