Definitions for joint venture
join·t ven·ture

Princeton's WordNetRate this definition:2.5 / 2 votes

1. 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"

WiktionaryRate this definition:0.0 / 0 votes

1. joint venturenoun

   A cooperative partnership between two individuals or businesses in which profits and risks are shared

WikipediaRate this definition:0.0 / 0 votes

1. 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.

ChatGPTRate this definition:0.0 / 0 votes

1. 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.

WikidataRate this definition:4.0 / 2 votes

1. 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

1. • Venture

How to pronounce joint venture?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say joint venture in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of joint venture in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of joint venture in Pythagorean Numerology is: 2

Examples of joint venture in a Sentence

1. Director Dario Scaffardi:

   We decided reciprocally not to go ahead with the joint venture for political reasons.

2. Charles Tiefer:

   The bottom line is that the joint venture between the Russians and Americans is taking us to the cleaners.

3. Jejomar Binay:

   Personally, my feeling is we will continue to insist (on) our sovereignty over those properties but at the same time we hope we can create a situation where we can improve bilateral relations with China, china has all the capital and we have the property so why don't we try and develop that property as a joint venture?

4. 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.

5. Gold Reserve president:

   We're working on a joint venture with the government, they're using the property as collateral to obtain financing for not only the project but their other financial needs. ... We're in agreement to settle.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=joint venture
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Joint_Venture
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Joint_Venture
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=joint venture