As the economy eroded and the situation worsened, the museum considered joint ventures or mergers with several other Los Angeles institutions before Mr. Broad stepped in.
Both men advise companies considering joint ventures to search not just for a general manager and partner, but also for a friend.
The first question I hear from U.S. managers considering joint ventures is, "How far from the Kremlin can our headquarters be?" They overestimate the power of government bureaucrats, who no longer make all the decisions, and underestimate the power of regional leaders the heads of various political and administrative subdivisions and executives, who now have much more autonomy.
Thus he "explored" acquisitions and "considered" joint ventures with the likes of EMI Group and Sony.
Perhaps it is also time for them to consider joint-ventures with local airlines of the kind successfully undertaken in Asia by Tony Fernandes of AirAsia.Bosses of Europe's leading low-cost carriers are also still trying to customise their formats.
Consider joint responsibility.
In announcing a $125 million loss and another quarter of declining sales, RIM conceded in a statement that it needed to consider possible joint ventures or partnerships.
The head of a Texas oil refinery spent almost $20,000 flying Mr. Perry and his staff to a trade meeting in Mexico, where the governor asked Mexican energy officials to consider more joint ventures with Texas oil companies.
Consider the joint venture between Rover, the British automaker, and Honda.
Most recently executives at General Motors said they would consider a joint venture or merger, even an outright sale.
Firms can also export through finding a distributor in a market, which can ease some of the work involved and, once established, could consider a joint venture.
