Explain the Three Possible Methods for Managing a Joint Venture

question 91

Essay

Explain the three possible methods for managing a joint venture.

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Definitions:

Network Structure

An organization structure that uses information technologies to link with networks of outside suppliers and service contractors.

Flexibility

The quality of being adaptable to change or capable of modifying one's approach as per the situation's demands.

Full-Time Employees

Workers who are employed for the full number of hours defined as full time by their employer and receive full employment benefits.

Network Organizations

A type of organizational structure where companies or departments are connected and share resources through digital technology for improved efficiency and flexibility.