Unit 14 Preview and Introduction
Preview
This unit will cover the following topics:
- What is a Joint Venture?
- To JV or not to JV?
- Governance
- Protections
- Process
Introduction
During the life of a business, it may become time to expand—to stay fresh, to expand a customer base, to expand the employee base, enter a new market, reduce competition, or perhaps to increase assets so that a loan or investor is easier to attract. Even though there may be legitimate reasons to expand, it can be costly, both economically and from a control standpoint.
In this unit, we will discuss the use of joint ventures as a means to expand a business.