Cooperative Enterprise

Joint Venture - A joint venture is a business arrangement where two or more parties agree to pool their resources to accomplish a specific task, project, or business activity. Each party in a joint venture retains its separate legal status while sharing ownership, control, and profits of the joint enterprise.

Class Information

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Identification

Label (rdfs)
Joint Venture
Preferred Label
Cooperative Enterprise
Alternative Labels
Business Partnership, Collaborative Venture, Strategic Alliance
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Definition and Examples

Definition
A joint venture is a business arrangement where two or more parties agree to pool their resources to accomplish a specific task, project, or business activity. Each party in a joint venture retains its separate legal status while sharing ownership, control, and profits of the joint enterprise.
Examples
  • BMW and Toyota's joint venture to develop hydrogen fuel cell technology
  • Sony Ericsson was a joint venture between Sony Corporation and Ericsson to produce mobile phones.
  • The venture between Google and NASA to collaborate on space exploration technologies.

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Additional Information

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Deprecated
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