There Are Multiple Reasons A Joint Venture Takes Longer To Complete !!!
Just To Name 3;
1-) LB is putting together a ' Conglomerate"- International Co w/ Global Outreach !!!
2-) Letters of Confidentiality, signed by All Parties - that restrict what can, and can not be said !!!
3-) Probably 3 to 5 Lawyers reminding him to keep his mouth shut !!!
~ And Then There Is This;
In the fast-paced world of deal making, joint ventures (JVs) are a conundrum. Slow in the making, often with complicated structures and shared management teams, they seem out of place in a volatile era marked by buzzwords that hype agility and nimble strategic moves. Yet there they are, more than 1,500 JV deals completed annually over the past ten years, including around 10 percent of them characterized as large JVs, with an initial value of more than $250 million. Their volume seems likely to endure—more than two-thirds of executives surveyed in 2014 reported that they expect to do more JVs in the future.1
But JVs are not always embraced without reservation. In fact, we encounter many executives who express significant concerns, often when they’re wrapped up in the uncertainty of JV negotiations. Given how much longer those negotiations can last compared to traditional acquisitions, this is both understandable and alarming. One global conglomerate we’ve observed advises its US-based headquarters to expect JV negotiations to last three to six times longer than M&A negotiations. That’s a long time for doubt to creep in, particularly if the competitive context justifying a venture might shift in the meantime.
How can executives build healthier partner relationships to give future JVs the best odds of success? A review of a series of long-standing partnerships—supported by a 2014 survey and a series of structured interviews with JV partners2 —identified three principles that made a difference in deal negotiations: investing more time and effort up front, working harder to cultivate and sustain the JV relationship, and standardizing key processes and learning mechanisms.
~~~ Leslie Bocskor, CEO ( INQD ) said it best; April 10, 2021 ~~~
~~ "My team has been working non-stop !!! " ~~
And When It's All Said & Done;
~~~ The Joint Venture will be a; 'Life Changing Event" for some, and an "Amazing Journey" . . .
for the few, - who hold for GOLD !!!
~~~ $INQD / LB / JV = $$$ in 2021 / 2022 !!! ~~~
~~ A Storm is Coming, . . . SOON !!! ~~
~ Loading the dips & Holding ~
~ Tic, toc, tic, toc, . . .
