joint venture
n.
collective enterprise, group endeavor, joint project, collaboration
Joint venture
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing
equity, and they then share in the
revenues,
expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the
Sony Ericsson joint venture. This is in contrast to a
strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
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joint venture
Noun
1. a venture by a partnership or conglomerate designed to share risk or expertise; "a joint venture between the film companies to produce TV shows"
(hypernym) venture
(hyponym) foreign direct investment
Joint venture
An agreement between two or more firms to undertake the same business strategy and plan of action.
Joint Venture
a risk-reducing method of market entry in which two firms combine forces to manufacture or market a product; a method of entry into a foreign market in which a firm joins with an overseas company to establish a partnership for the production and marketing of its product abroad.
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