Title - Tags - jointventures
Benefits/uses of joint ventures:
- Achieve scale, scope and speed
- Enhance product development
- Develop new business opportunities through new products and services
- Expand market sector development
- Diversify and bring more pillars of support to your business
- Create new businesses to spin off, sell or borrow against
- Reduce cost by adding more revenue and profit to every selling effort
- Enhance competitiveness in existing local, national or international marketing, and increase market penetration instantly
- Massively boost your market presence
- Enter emerging markets
- Expand your horizons
- Very easily established
- Significantly augment your ordinary selling efforts
- Drastically increase overall sales and profitability
- Substantially lower your barrier of entry into a marketplace or industry
- Strongly enhance and elevate your image
- Expand client base far beyond its current limits
- Boost your market presence
- Provide much-appreciated added value to clients
- Contribute substantially to perceived client benefits 202104271245
- Provide easy entry to emerging markets
- Expand and explode your horizons
- Speed access to wide varieties of new markets
- Expand significantly beyond your current limited geographic boundaries
- Gain a firm foothold in international marketplace 202104271254
- Control other people’s markets
- Gain a clear competitive advantage
- Rapidly overpower the competition
- Almost unlimited joint marketing opportunities 202104271256
- Equally unlimited joint selling or distribution opportunities
- Facilitates design collaboration and enhanced results
- Quicker to create/form than mergers
- Much, much more flexible to operate than mergers
- Far less risky than mergers
- Requires little or no cash
- Enable favourable control of other’s technology licence
- Allow capitalisation on other’s research and development 202104271300
- Greatly enhanced R&D capabilities
- Access knowledge and expertise far beyond company borders
- Strengthens your reputation in industry as a result of association
- Extend product offerings to new, previously unattainable goods
- Drastically widen your scope of innovation
- Firmly establish your unique selling proposition
- Secure your position as front runner in marketplace through preemption
- Provide greatly enhanced marketing/selling ability
- Easily establish purchasing/supply relationships 202104271303
- Set up instant distribution networks
- Capitalise on hidden assets
- Earn higher ROI’s and ROE’s on alliances than from your core/main business
- Nearly impossible for competitors to imitate or emulate
- Remain totally focussed on your core opportunity
- Outsourcing non-core competencies 202104271249
- Let you maximise/stretch your management and technical/operational resources
- Reduce overhead through shared costs and outsourcing
- Manufacture/fulfil cost effectively
[#abraham2005jvs]: Jay Abraham: Joint Ventures: From Mediocrity to Millions.