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Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

For example, in 2010, Corelio and Concentra, two European media companies, established Coldset Printing Partners, a joint venture (JV) for their newspaper printing assets. Another example is microreactor technology, which is used in chemicals production processes; the scalable reactors promise fast and cost-effective production increases.

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The Comprehensive Business Case for Sustainability

Harvard Business Review

” Improving risk management. Climate change, water scarcity, and poor labor conditions in much of the world increase the risk. For example, Bunge, an agribusiness firm, reported a $56 million quarterly loss in its sugar and bioenergy segments due to drought in 2010. billion in mining projects since 2010.

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Why Organizations Forget What They Learn from Failures

Harvard Business Review

Then there’s the explosion of BP’s Deepwater Horizon oil rig in the Gulf of Mexico in 2010, an accident that killed 11 workers, injured 16 others, and caused an oil spill of epic proportions. After the 2005 explosion, the Chemical Safety and Hazard Investigation Board pushed BP to focus more on safety.

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How the BP Commission Dropped the Ball

Harvard Business Review

BP and other companies in the oil and gas industry (as well as any corporation with potentially catastrophic operations) need to understand these larger governance and risk management lessons in meaningful detail in order to address complicated risk across far-flung global firms more effectively.