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Risk and benefits of joint venture Assignment

   

Added on  2021-02-19

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Risk and benefits of jointventure
Risk and benefits of joint venture Assignment_1

Table of ContentsINTRODUCTION ..........................................................................................................................3Background .................................................................................................................................3Rationale .....................................................................................................................................3Aims and objectives ....................................................................................................................3Scope and limitation....................................................................................................................3Resources and cost consideration ...............................................................................................4Gantt chart ...................................................................................................................................4Risk assessment...........................................................................................................................5REFERENCES................................................................................................................................7
Risk and benefits of joint venture Assignment_2

INTRODUCTION Topic- To assess the risk and the benefits associated with the joint venture in respect ofUK firms: A study on BMW and Toyota.Background Joint venture refers to the business arrangement where two or more firms agrees inpooling their resources for accomplishing a particular task (Hwang, Zhao and Yu, 2016). Thepresent project plan is based on the joint venture in the UK firms and the risk & benefits attachedto it. Furthermore, the study will include the reason behind the chosen topic and the objectivesfor making the study.Rationale In a contemporary world, joint venture has been counted as the most important strategythat is been adopted by the companies in order to expand their business and in enjoying withseveral benefits such as access to the newer markets with larger distribution networks, risksharing and increased capacity (Dheensa, S. and et.al., 2017). However, there are variouschallenges or risk that are been faced by the firms in case if an objective of venture is not clearand the cultural differences which in turn leads to poor cooperation and integration. Aims and objectives AimTo analyse the challenges and the benefits relating to joint venture in context of UKcompanies: A case on BMW and Toyota Objectives To investigate the risk factors associated with joint venture for the organizations To determine the benefits enjoyed by the firms resulting from the joint venture To identify the corrective measures in order to mitigate the risk regarding joint venture To provide appropriate recommendations in relation to the strategies that should beadopted by the joint venture companies for gaining successScope and limitationThe research will include the assessment on the joint venture firms in the UK and it willfurther highlights the parameters relating to the risk and gain that could be attained by the firm.The major limitation that are involved while conducting the research study is the time and thecost constraints as its a time consuming task and requires a lot of funds in collecting the data
Risk and benefits of joint venture Assignment_3

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