Question

Back ground:

A joint venture is an arrangement between two or more parties to combine resources in order to pursue a common goal. This is characterized by the ownership, profits, losses, governance, and risk-taking of the firm or project being shared. Joining a joint venture is a high-risk proposition, as joint ventures have a greater failure rate than other enterprises.

Premise:

Ford and Mahindra are a recent example of Joint Ventures that haven't seen the light of day. On October 1, 2019, Mahindra and Ford signed an agreement to continue doing business in India. Mahindra held 51 percent of the company, while Ford owned the remaining 49 percent. Then everything went downhill. Global economic conditions caused by the pandemic were one of the prime reasons for the Joint Ventures to terminate. As a result, the Joint Ventures fell apart before it even got started.

Requirement:

Keeping in mind the case of Ford and Mahindra, discuss at least five reasons why joint venture has failed to thrive and have a higher failure rate than other businesses?

Answer 1

Explanation:

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