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The Opportunity of Joint Venture Strategies in the Present Economic Context

Mihaela Kardos () and Zegrean Adela ()
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Zegrean Adela: „Petru Maior” University, Faculty of Economic, Juridical and Administrative Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1120-1123

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.

Keywords: joint venture; strategy; strategic advantages; economic crisis (search for similar items in EconPapers)
JEL-codes: L24 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1120-1123