what is deffrence between joint venture & consortium?

Answer 1

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The difference between joint ventures and consortiums is that in a joint venture, the partners will create a legal corporate entity to carry out the activity - with an agreement that the parent companies have controlling interests, and consortiums is that consortiums are usually created for a specific short term project, whereas alliances can take place over many years and involve multiple aspects of the relationship whereas consortiums usually are arranged for one specific topic or project.

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Answer 2

Joint venture:

A partnership or conglomerate, formed often to share risk or expertiseexpertise: a joint venture between the film companies.

Consortium:

a.An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.

b.A cooperative arrangement among groups or institutions: a library consortium.

Source(s): yahoo

Answer 3

joint venture is something like A contractual agreement joining together two or more parties for the purpose of executing a particular business undertaking. All parties agree to share in the profits and losses of the enterprise. while consortium means

A consortium is an association of two or more individuals, companies, organisations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.

Consortium is a Latin word, meaning 'partnership, association or society' and derives from consors 'partner', itself from con- 'together' and sors 'fate', meaning owner of means or comrade.

Answer 4

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Answer 5

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Answer 6

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