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
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—George Eliot [Mary Ann (or Marian)