Joint Ventures Reduce the Risk of Major Capital Investments
Harvard Business Review
APRIL 6, 2016
A company sets up a joint venture with a partner that has complementary assets and capabilities, in order to limit up-front investments, speed up market entry, and reduce risk. For example, in 2012, Intel, TSMC, and Samsung — three large semiconductor manufacturers based in the U.S., Benefits and risks of co-opetition.
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