This document summarizes the principal points discussed during the workshop. Many different approaches to JV organization and management can work if the factors noted in this section are in place. All can be successful if the companies are committed to making them so. Listed below are factors contributing to joint venture success that were proposed by workshop attendees. Clearly defined, mutually agreed-upon technical and business goals to which the partners all commit.
Top management is committed.
JV members stay focused on commercial opportunities. Project leadership features the perspective of the cognizant business units as well as strong technical leadership. JV members strive to maintain a unified vision as the project evolves. Open information exchange is fostered throughout the project. Problems are shared.