Manufacturing companies of today operate in a global world with ever increasing requirements to improve their operations. They have to act local and global at the same time. Joint Ventures and other types of partnerships are seen as a means to address many challenges and a way to be agile and to seize windows of opportunities.
It is a pragmatic way to grow a business with potentially lower risk than with organic growth. But with partnerships and joint ventures come also the need to manage the collaboration and to control the Intellectual Property.