Joint Venture Vs Strategic Alliance Top 6 Differences With Infographics
Joint Venture vs. Strategic Alliance Differences The joint venture is one of the forms of strategic alliance. It can be understood as a temporary partnership where two or more parties undertake a specific project. The basic difference between the joint venture and strategic alliance lies in the relationship they share and the nature of the two entities. What is a Joint Venture? A joint ventureJoint VentureA joint venture is a commercial arrangement between two or more parties in which the parties pool their assets with the goal of performing a specific task, and each party has joint ownership of the entity and is accountable for the costs, losses, or profits that arise out of the venture....