In what ways can joint ventures be said to be a collaborative development?

Joint Venture is a collaborative development where the business enterprises decide to create another entity for a particular period of time by pooling resources and sharing the effort, expenses and revenues.

Explanation:

A joint venture is often created wherein an enterprise needs to borrow the technical expertise, make use of management contracts, brand use  for one time contracts amongst others.In Joint venture, collaboration is a proven strategy of growth wherein joining with another entity helps an enterprise in leveraging opportunities.

Collaboration allows multiple enterprises to come together for individual benefit through commom good.By gaining competitive advantage through partner's resource not limited to funds,people,markets and technology, a business is able to make progress much beyond what would have been individually possible.

answer; strategic planning;