Closing the Governance Gap in Joint Ventures
Businesses are increasingly partnering to meet their strategic objectives — but neglecting governance puts JVs and their shareholders at risk.
More than 5,000 joint ventures, and many more contractual alliances, have been launched worldwide in the past five years.
Companies are realizing that JVs and alliances can be lucrative vehicles for developing new products, moving into new markets, and increasing revenues. The problem is, the success rate for JVs and alliances is on a par with that for mergers and acquisitions—which is to say not very good.
Read the full article originally published in the Harvard Business Review.