Joint venture
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Joint venture

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  • Undergraduate
  • 852

Short excerpt:

the domestic companies and the foreign companies in markets that the foreign companies have a desire to enter. The foreign companie s come with new business practices and the new technologies into the joint venture At times joint ventures are flexible; the joint venture can have a life span that is limited and it cover s what the business wants to do thereby limiting business exposure and commitment made by both parties. These joint ventures are famous with businesses in the travel and transport industries that have a wide scope of operations particularly in a number of countries between Toshiba and IBM. The venture between the two companies has been succ essful because of the following reasons: IBM has strong marketing capabilities f operation worldwide and on the other hand, Toshiba

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