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Business theme 4
4.2
4.2.4
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Sophie alvis
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Cards (7)
what is a joint venture?
a
seperate
business
entity
created by two or more parties, involving a
shared
ownership,
returns
and risks
benefits
of a joint venture
access into new market
benefit from eachothers expertise
shared risks and costs
notm tied in forever
cultrual insights
drawbacks
of a joint venture
potential loss of intellectual property
risk of
clashing
may imbalance in
expertise
objectives of each may
change
may just
fail
reasons
for a joint venture
spreading risks
entering
new markets
/
trading blocs
aquiring
new brand names
/
patents
securing
resourcers
/
suppliers
maintaining
/
increasing global competitivness
how can global competitivness be improved?
competitive advantage
(low cost— differenciation)
exchange rates
impacts
of a skills shortage on international competitivness
unabe to find
labour workers
with required skills
cost leadership
difficult
to achieve if workers lack skills
less likely for product
differenciation
to occur
how
can a business resolve the impact of skills shortage on international competitivnessuse offshoring and outsourcing
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