Evaluation Of A Joint Venture Essay example

Evaluation Of A Joint Venture Essay example

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The planning stage is important stage in which involves the decision on, specifying the objectives and goals, determination of product and market, market analysis, technology decision, revenue prediction, cost benefit analysis and personal SWOT analysis.

2. Partner selection
Partner selection is main task in JV which includes; financial resources of the prospective partners, technological capabilities, presence in market and selection of partners for the feasibility study.

3. Feasibility study
Affirmation of the culture and structure of the Joint Venture, analysis of partners comfort with and adaptability to the new technology and culture of the JV, analysis of the authority, responsibility and financial gains and loss sharing among the partner, analysis of the sustainability of the JV in times of uncertainty, cost Benefit Analysis, environmental Analysis of the JV in the market and growth Predictions.

4. Incorporation
A Joint Venture can be applied about in the following major ways:
• Foreign investor buying an interest in a local company.
• Local firm achieving an interest in an existing foreign firm.
Both the foreign and local entrepreneurs collectively forming a new enterprise.

C. Risk Management
Complex nature of construction business activity, process, environment, and organization, the participants are widely exposed to a high degree of risk. Risk management is an important component to make sure the success of the construction project or to make sure the profitability for the contractors. There are many literatures about construction project risk management. The experience of the construction project risk management can also be used to manage risk in construction joint ventures. A joint venture structure is different...


... middle of paper ...


...risk factors associated with joint ventures projects in Malaysian construction industry at the project-specific, internal and external levels. He was adopted methodology for his research was by risk factors identifies from literature review and through questionnaire survey to both local and foreign construction companies in Malaysia.
The major risk factors to be agreement of contract, partner selection, control/equity, sub-contractors, renegotiations and training.
Questionnaires survey was distributed to 550 Grade G7 and G6 registered contractors under construction industry development board Malaysia (CIDB). By gating risk factors from interview with managers which are involving in joint venture projects and analysis these factors on Likert scale of 1-5. Research concluded that there must be risk management technique introduced into construction industry, in order to

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