In short sense, joint
ventures can be defined as "an enterprise in which two or more investors
share ownership and control over property rights and operation." In a
broader sense, “A joint venture is formed by two or more separate organizations
that creates an independent business identity and allocates ownership,
operational responsibilities and financial risks and rewards to each member.”
example: DBBL, Virgin Mobile, Tata
Docomo, Kellog with Wilmer company.
