Remove Co-Opetition Remove Finance Remove Globalization Remove Marketing
article thumbnail

Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

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, the global energy player ENGIE and its local partners apply it in the independent power production business in the Middle East.