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International joint venture. An international joint venture ( IJV) occurs when two businesses based in two or more countries form a partnership. A company that wants to explore international trade without taking on the full responsibilities of cross-border business transactions has the option of forming a joint venture with a foreign partner.
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 ...
For international trade, Foreign market entry modes are the ways in which a company can expand its services into a non-domestic market. There are two major types of market entry modes: equity and non-equity. The non-equity modes category includes export and contractual agreements. [1] The equity modes category includes joint ventures and wholly ...
CFM International is a Franco-American aircraft engine manufacturer. The company is a joint venture between GE Aerospace and Safran Aircraft Engines (formerly known as Snecma) and is headquartered in Cincinnati, Ohio. It was founded in 1974 to build and support the CFM56 series of turbofan engines. CFM is the world's largest commercial aircraft ...
Co-production (media) A train car used in the production of Sesam Stasjon, an international co-production of Sesame Street based in Norway. A co-production is a joint venture between two or more different production companies for the purpose of film production, television production, video game development, and so on.
Strategic alliance. A strategic alliance (also see strategic partnership) is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance ...
IAE International Aero Engines AG is a Zürich -registered joint venture aeroengine manufacturing company. It was founded during 1983 specifically to develop an aircraft engine to address the 150-seat single aisle aircraft market, the V2500 turbofan. Produced in collaboration between four of the world’s leading aero engine manufacturers, this ...
Strategic partnership. A strategic partnership (also see strategic alliance) is a relationship between two commercial enterprises, usually formalized by one or more business contracts. A strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Strategic partnerships can take on ...
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