Pioneers are motivated by drive to achievement and by irrational optimismrather than by reasonable calculation. If those who start a business rely onnothing but mathematical expectation enterprise will fade and die.

—John Maynard Keynes

A joint venture is an agreement between two or more organizations who undertake a project together. As the world becomes more virtual, the need for what “strategic partners” can bring to joint ventures will become more pervasive. The good news lies in the possibility of achieving the best of all worlds by being able to put great teams together for specific projects without taking on additional staff. The challenges lie in quick integration, coordination, and control. People ...

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