Joint Venture (JV) Sharing resources, risks, and rewards VadiK Inventor Author Founder   In a joint venture (JV), two or more "parent" companies agree to share and synergize capital, technology, human resources, risks and rewards in a formation of a new entity under shared control.   Partnerships Strategic Alliances Business Architect   Coaching by Example Innompic Games  ▪  HARMONY Games VadiK Inventor Founder   The Innompic Games is a global collaborative effort of inspired innovators working together to transform Earth into a Planet of Loving Creators.     Creative, constructive and collaborative HARMONY Games celebrate harmonious joint ventures of soul, mind, and body     "Most teachings about leadership, entrepreneurship, business, strategy, and innovation work well in life, but only until big challenges arise along the way. In such cases, super gamification comes to the rescue, helping to successfully overcome big challenges." ~ Vadim Kotelnikov   If you create something unseen before, prepare to address challenges unmet earlier ~ Vadim Kotelnikov   Why Joint Ventures? JVs are becoming an increasingly common way for companies to form strategic alliances because there are good business reasons to create a JV with a company that has complementary capabilities and  resources, such as distribution channels, technology, or finance.     Benefits of Joint Ventures ▪ Provide companies with the opportunity to obtain new capacity, expertise, and information and synergize capital, technology, human resources, risks and rewards in a formation of a new entity under shared control. ▪ Allow companies to offer their customers a greater value... More   10 Key Features of Effective Partnerships Value Innovation Master of Business Synergies (MBS)   Slides   Head of Growth   Notes   International JV Operating an international joint venture with a foreign partner requires more time, resources, and cross-cultural skills. Cultural intelligence and strategic thinking can be the prescription to avoiding errors in cross-cultural projects... More   International Business Leverage Diversity Cultural Differences East vs. West     Human-AI Joint Venture Creative collaboration between humans and artificial intelligence (AI) is based on a synergistic combination of the partners' competitive advantages. Examples of Human-AI joint ventures include AI MAGic, Multiplicative AI, AImages, AI-assisted copywriting, and AI-powered marketing.   AImpowerment AI MAGic AI Intelligence AI Optimization Strategic AI Initiatives     Business Plan comes first. To maximize the chances of success, the prospective joint venture partners should first jointly prepare and agree on a business plan ─ even before signing the joint venture agreement. It will enable each party to judge the other's expectations, level of interest, management style and experience... More     Common Reasons for Joint Venture Difficulties The joint venture partners possess disparate, different and often conflicting, corporate cultures and operational styles... More   Why so many joint ventures fail Reasons for JV Failure     JV Agreement A good agreement is critical to success of your venture. Once the business plan is finalized, preparing the joint venture agreement becomes much easier. Using a joint venture check-list will also help you prepare a sound joint venture agreement.   Model MoU   Governing Structure There are three possible JV governance arrangement: full equality; policy equality, and lead parent arrangement. Generally speaking, full equality gets the best from both parents, while the lead parent form makes governance easier... More   Trusted Partners Getting People Issues Right HR Strategies HR Actions       How to use this information       ① "Adapt what is useful, reject what is useless, and add what is specifically your own." ~ Bruce Lee ② Sleep on this information – your powerful superconscious mind will tell you how to use it when you wake up   Grow as a SuperThinker Waltz Up with everything Keep learning forward. If you strop learning, you stop creating history and become history. VadiK Inventor Author Founder