Preparation
Formulating the JV is a series of steps, one which needs a lot of work and yet, at the same time, precision. One can here only underline the steps or information that will be needed by the JV candidate. They are:
- the objectives, structure and projected form of the joint venture, including the amount of investment and financing arrangements and debt
- the JV's products, their technical description and usage
- alternate production technologies
- estimated cost of equipment
- estimated product price(s)
- costing
- market analysis for the product, inside and outside the 'territory'
- analysis of competition
- projected sales and methods of distribution
- details of offered site, including output projections, transport and warehousing, testing and quality control, by-products and waste;- supply, utility, and transport requirements;
- estimated technology transfer costs
- foreign exchange projections (where applicable)
- staff requirements and training
- financial projections
- environmental impact
- social benefit
Read more about this topic: Joint Venture
Famous quotes containing the word preparation:
“With memory set smarting like a reopened wound, a man’s past is not simply a dead history, an outworn preparation of the present: it is not a repented error shaken loose from the life: it is a still quivering part of himself, bringing shudders and bitter flavours and the tinglings of a merited shame.”
—George Eliot [Mary Ann (or Marian)
“It’s sad but true that if you focus your attention on housework and meal preparation and diapers, raising children does start to look like drudgery pretty quickly. On the other hand, if you see yourself as nothing less than your child’s nurturer, role model, teacher, spiritual guide, and mentor, your days take on a very different cast.”
—Joyce Maynard (20th century)
“Living each day as a preparation for the next is an exciting way to live. Looking forward to something is much more fun than looking back at something—and much more constructive. If we can prepare ourselves so that we never have to think, “Oh, if I had only known, if I had only been ready,” our lives can really be the great adventure we so passionately want them to be.”
—Hortense Odlum (1892–?)