joint venture

USAGE SUMMARY

The phrase "joint venture" is correct and can be used in written English.
It typically refers to a situation where two or more parties agree to cooperate on a project or pursue a specific business goal. For example, "The two companies are planning to launch a joint venture to develop a new software product."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

54 human-written examples

The joint venture is known as the CEG Joint Venture.

Filtration Industry Analyst

The joint venture is pending regulatory approval.

The New York Times

One joint venture was Suiza Foods.

The New York Times

The joint venture could also go sour.

The New York Times

Success and blame become a joint venture.

The New York Times - Sports

That's a joint venture with Tishman Speyer.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

6 human-written examples

We'll also joint-venture.

The New York Times

It has a joint-venture in Shanghai.

The Economist

It is a joint-venture.

The New York Times

"The joint-venture approach makes sense".

The New York Times - Sports

The companies made the joint-venture announcement Wednesday.

Forbes

Expert writing Tips

Best practice

When describing a "joint venture", clearly state the parties involved and the specific objectives of the collaboration.

Common error

Avoid using "joint venture" interchangeably with general partnerships. A "joint venture" typically has a specific, limited purpose, while a partnership may be ongoing and broader in scope.

Linguistic Context

The phrase "joint venture" functions primarily as a noun, often serving as the subject or object of a sentence. It identifies a specific type of business arrangement, as shown in Ludwig's examples.

Expression frequency: Very common

Frequent in

News & Media

50%

Science

25%

Formal & Business

25%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "joint venture" is a grammatically correct and widely used term that describes a cooperative business arrangement. As Ludwig AI confirms, it's commonly employed in News & Media, Science, and Formal & Business contexts. When using the phrase, ensure clarity about the participating parties and the venture's specific objectives. Avoid confusing it with more general partnerships. Consider alternatives like "strategic alliance" or "business partnership" for nuanced meanings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

business partnership

A more general term for any collaborative business agreement.

strategic alliance

Focuses on a long-term, strategic partnership with shared resources and goals.

cooperative enterprise

Emphasizes the shared ownership and control of the venture.

collaborative project

Highlights the cooperative nature of the undertaking, regardless of business structure.

consortium

Typically refers to a larger, more formal collaboration involving multiple entities.

shared undertaking

A broader term that can apply to any shared effort, not necessarily business-related.

co-development

Specifically refers to collaborative efforts in product or service creation.

pooled resources

Highlights combining assets and expertise for mutual benefit.

team venture

Emphasizes the team effort involved in the project.

co-ownership

Focuses on the shared ownership aspect of the venture.

FAQs

How is a "joint venture" different from a merger?

A "joint venture" is a temporary collaboration for a specific project, while a merger combines two separate entities into a single, permanent company.

What are some common reasons for forming a "joint venture"?

Companies might form a "joint venture" to share resources, enter new markets, or develop innovative technologies.

What are some alternatives to using the phrase "joint venture"?

You can use alternatives like "strategic alliance", "business partnership", or "collaborative project" depending on the context.

What are the key elements to consider when establishing a "joint venture"?

Key elements include defining the objectives, outlining responsibilities, determining ownership structure, and establishing a clear exit strategy.