Risk and Benefits of Joint Venture

Risk and Benefits of Joint Venture

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Background..................................................................................................................................3
Rationale......................................................................................................................................3
Aims and objectives.....................................................................................................................3
Scope and limitation....................................................................................................................3
Resources and cost consideration................................................................................................4
Gantt chart...................................................................................................................................4
Risk assessment...........................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Topic- To assess the risk and the benefits associated with the joint venture in respect of
UK firms: A study on BMW and Toyota.
Background
Joint venture refers to the business arrangement where two or more firms agrees in
pooling their resources for accomplishing a particular task (Hwang, Zhao and Yu, 2016). The
present project plan is based on the joint venture in the UK firms and the risk & benefits attached
to it. Furthermore, the study will include the reason behind the chosen topic and the objectives
for making the study.
Rationale
In a contemporary world, joint venture has been counted as the most important strategy
that is been adopted by the companies in order to expand their business and in enjoying with
several benefits such as access to the newer markets with larger distribution networks, risk
sharing and increased capacity (Dheensa, S. and et.al., 2017). This in turn considered as research
issue because, there are various challenges or risk that are been faced by the firms in case if an
objective of venture is not clear and the cultural differences which in turn leads to poor
cooperation and integration. Hence, through thematic analysis research could shed light on the
benefits as well as drawbacks associated with the joint venture of Toyota and BMW.
Aims and objectives
Aim
To analyse the challenges and the benefits relating to joint venture in context of UK
companies: 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 be
adopted by the joint venture companies for gaining success
Scope and limitation
The research will include the assessment on the joint venture firms in the UK and it will
further highlights the parameters relating to the risk and gain that could be attained by the