Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

what is deffrence between joint venture & consortium?

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  • 1 decade ago
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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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  • 1 decade ago

    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
  • 1 decade ago

    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.

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    1 decade ago

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    3 years ago

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  • Anonymous
    3 years ago

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