![]() ![]() Similarly, the other company has some advantage which another company cannot achieve. One company may possess a special characteristic which another company might lack with. Creates SynergyĪ joint venture is entered between two or more parties to extract the qualities of each other. (Source: globalcompliancenews) Characteristics of a Joint Venture 1. These norms help the governments to keep a check on the activities of the organizations and ensure a legal activity is conducted by the organizations in Joint Venture. In this case, the directives issued by the respective governments have to be followed before entering into any kind of Joint Venture. Two organizations of different countries can also undergo a Joint Venture to conduct a business. The agreement also helps to designate the actual scope of work which either of parties has to conduct. This aids in clarification and don’t allow any ambiguity between the stakeholders. The agreement between the companies should have detailed terms and conditions with respect to the activities that will be carried by them. Types of Companies and Forms of Organising Public SectorĪ joint venture can be very flexible which can be in context to the requirements of the organization.Browse more Topics under Private Public And Global Enterprises The major joint ventures in India were done in sectors like Insurance, Banking, Commercial Transport vehicle, etc. In India, many companies underwent joint venture with various foreign companies, which were either technologically more advanced or geographically more scattered. It can be a private company, public company or even a foreign company. In short, when two or more organizations join hands together for creating synergy and gain a mutual competitive advantage, the new entity is called a Joint Venture. You can also read our guide on how to get rid of lawn grubs for a pest-free backyard and how to rake leaves to keep your yard clean this Fall.Joint Ventures can be with a company of same industry or can be of some other industry, but with a combination of both, they will generate a competitive advantage over other players in the market. If you’re planting seeds in shade, they may not surviveĪfter you're done with this check out the best time to water your lawn according to the experts. And you can also read about how much you should water your lawn to keep it green, according to experts and also how to fix a waterlogged lawn and this is when you should stop mowing your lawn for the winter. Grasses require sunlight to stay healthy and thrive. Avoid planting grass seeds in shady areas.Make sure your lawn has good drainage to avoid it getting waterlogged.Experts also suggest mowing your lawn at least once a week in summer and once every two weeks for the remaining seasons.Experts advise cutting grass down to 2 ½ to 3 inches, which is a healthy height In addition, you can top dress the lawn with sands or other mixtures, depending on your soil type. With the help of aeration and a better water flow, the lawn can absorb the nutrients naturally through decomposition, helping the grass grow thicker. This will give the dried lawn a nutrient boost and will improve the structure of the soil at root level, again helping absorbency. Topdressing is a layer of compost or other nutrient-rich soil covering the top of your lawn. Preparing soil (Image credit: Shutterstock) ![]()
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