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The Opportunity of Joint Venture Strategies in the Present Economic Context

Author

Listed:
  • Kardos Mihaela

    () („Petru Maior” University, Faculty of Economic, Juridical and Administrative Sciences)

  • Zegrean Adela

    () („Petru Maior” University, Faculty of Economic, Juridical and Administrative Sciences)

Abstract

Even if most successful joint ventures are created when economy is in glorious times, the reality of the last years has shown true possibilities of obtaining advantages by considering joint venture strategies during economic crisis. Some Romanian companies, as presented in the paper, have noticed that could transform the crisis into an opportunity, by offering foreign investors the perfect place to implement a joint venture strategy. Consequently, under the name of a joint venture agreement, companies can develop their businesses on local and international markets, benefiting from better qualified work force, new technologies, larger resources and experience.

Suggested Citation

  • Kardos Mihaela & Zegrean Adela, 2011. "The Opportunity of Joint Venture Strategies in the Present Economic Context," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1120-1123, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1120-1123
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    More about this item

    Keywords

    joint venture; strategy; strategic advantages; economic crisis;

    JEL classification:

    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures

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