4.3What are some of the advantages and disadvantages of entering into a joint venture?
- Advantages:
- Quick and relatively inexpensive way to go global and to gain needed expertise.
- Shared Costs, Shared losses
- Disadvantages:
- Joint Ventures can be very risky
- Many joint ventures fail
- Many fall victim to takeover
- Often times, joint venture partners cannot agree on management strategies and policies.
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