Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring.
Successful companies actively manage their businesses through periods of economic growth, downturn, and recovery. They do so by innovating, making strategic shifts, rewiring existing operations, reallocating resources, entering new business lines, and restructuring existing ones.
For most companies, joint ventures and other partnerships are a critical part of the equation. Compani…
Read the full article at: https://hbr.org/2021/04/research-joint-ventures-that-keep-evolving-perform-better