What's the best way to structure a joint venture expansion strategy?
Joint ventures are strategic partnerships between two or more businesses that share resources, risks, and rewards to pursue a common goal. They can be a powerful way to expand into new markets, access new capabilities, and leverage synergies. However, joint ventures also come with challenges, such as aligning objectives, managing conflicts, and protecting intellectual property. How can you structure a joint venture expansion strategy that maximizes the benefits and minimizes the drawbacks?