What is a joint venture strategy?

Answer by  Ken56 (1160)

This is when two (usually noncompeting businesses) team up to find ways to help each other make more money. The goal is to create a win-win situation. A JV can be very simple or complex. For example, two businesses may exhange their in-house customer list with each other so each can have access to new buyers.

Answer by  belle39 (966)

A joint venture strategy is an way for a joint venture to collaborate and share ideas so that their business can be successful. If two people own a gourmet coffee company together, one person may have the idea of distributing the place's frozen drinks to supermarkets while the other person may want to create a line of pastries.