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Что (кто) такое joint undertaking - определение

BUSINESS AGREEMENT TO DEVELOP, FOR A FINITE TIME, A NEW ENTITY

Joint Venture; Joint ventures; Corporate joint venture; Joint adventure; Joint-venture; Joint venture broker; Joint partnership; Joint Ventures; Joint-ventures; Joint development; Cooperative Joint ventures; Joint venture company; CJV; CJVs; Cooperative joint venture; Co-operative joint venture; Co-operative joint ventures; Joint investment; JointVenture; Joint ventures in Ukraine; Temporary partnership; Co-venturer; Co-venture

joint venture

n. an enterprise entered into by two or more people for profit, for a limited purpose, such as purchase, improvement and sale or leasing of real estate. A joint venture has most of the elements of a partnership, such as shared management, the power of each venturer to bind the others in the business, division of profits and joint responsibility for losses. However, unlike a partnership, a joint venture anticipates a specific area of activity and/or period of operation, so after the purpose is completed, bills are paid, profits (or losses) are divided, and the joint venture is terminated. See also: partnership

joint adventure

n. when two or more people go together on a trip or some other action, not necessarily for profit, which may make them all liable for an accident or debt arising out of the activity. See also: joint venture

Joint Venture

A business undertaking in which more than one firm share ownership and control of production and/or marketing.

Википедия

Joint venture

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.

According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates (the vast majority of which are wholly owned) realized a slightly lower 5.2 percent ROA. The same story holds true for investments by foreign companies in the U.S., but the difference is more pronounced. U.S.-based joint ventures realized a 2.2 percent average ROA, while wholly owned and controlled affiliates in the U.S. only realized a 0.7 percent ROA."

Most joint ventures are incorporated, although some, as in the Oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers".

The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an "industry utility" that provides a narrow set of services to industry participants.

Some major joint ventures include United Launch Alliance, Vevo, Hulu, Penske Truck Leasing, and Owens-Corning.

https://en.wikipedia.org/wiki/Joint venture

Примеры употребления для joint undertaking

1. The move comes after the Galileo Joint Undertaking (GJU), the body set upby the European Commission and the European Space Agency, in March failed to select a winner.

2. We will ask our experts to discuss issues of compliance and verification in order to identify areas of possible cooperation and joint undertaking.

3. Economic studies confirm the success of this joint undertaking and the dramatic growth of the global satellite navigation market because of the diverse applications of these services.

4. The move comes after the Galileo joint undertaking (GJU), the body set up by the European Commission and the European Space Agency, twice failed to select a winner, saying it needed more time after finding the bidders equally capable of completing the project.

5. Then he saw a variety of bicycles produced by the Pyongyang Joint Venture Bicycle Factory, a joint undertaking of the Korean Committee for the Promotion of Economic Cooperation with Foreign Countries and the Tientsin Leading Digital Trade Co., Ltd., of China.