United Colors of Inventions – How Diversification can actually be a wonderful strategy for Joint Ventures.

International joint ventures are too evident everywhere. From the shirt and pair of jeans you wear to mobile phones you pocket, car you drive and computer you work with. Products (and services, too) are definitely amalgam of companies who made joint venture agreements.

Successful companies just do not monopolize work anymore. They outsource them anywhere that meets their standards. Not merely because of cheaper productions, companies outsource and make more international joint venture agreements to localize their products. Remember the mantra, “Think global, act local?” The principle was the binding spell for companies. Suddenly, you find Coca-Cola collaborated with local industrial designers to produce custom-fit ads and products. They recently launched Coke solo in the Philippines to sell-out in a “sachet market”.

Moreover, companies outsource works, especially in target countries, for faster production and distribution. When Amway was losing from big shipping costs, the company immediately closed their centralized distribution centers. They built local manufacturing-distribution plants and partnered with wholesalers to distribute products more quickly.

Open a computer and you will see the obvious products of joint ventures. Its central processor may come from Texas Instruments or Intel. Its operating system may be from Linux, Apple or Microsoft. Chinese engineers may have developed the circuit board. Taiwanese may have designed its LCD monitor. Its audio may be from Realtek. Its modem and Bluetooth technology may be from another company like IXI Mobile Inc.

Also, check your mobile phone. It may have an operating system and browser from Symbian, Blackberry or Microsoft. Its audio may be from Sony. China may have made and finished its battery.

Even in travel industry, packaged services are also products of joint ventures of airline, local transportation, tours, hotels, food and even souvenirs.

International joint ventures have indeed reinvented products and services in a faster pace. Without these courageous joint ventures, Samsung could have not launched its version of touch phones immediately after iPhone.

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Rivers Corbett
MyInternetBiz

"Award Winning Entrepreneur, and Joint Venture Specialist, Rivers Corbett offers an exclusive and exciting opportunity to a limited number of entrepreneurs who are looking to steer clear of the typical ''Get Rich Quick'' hype and build a solid business of * lasting *significance. Click on MyInternetBiz for more information.