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They retain operational independence on their territories, but coordinate closely.
You avoid the expense and hassle of haggling, and retain operational reliability and control, which is especially important to the military.
Seeking to reassure shareholders who will have to approve the deal, Rio said it will retain operational control of the assets that Chinalco would take major stakes in.
French policy, laid down in 1913, had been for the two most important field armies, the North and North-East, to retain operational independence.
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Nature Publishing Group has taken a majority stake in Frontiers, but the firm retains operational independence.
More radically, Highbridge sold a majority stake to JPMorgan Chase in 2004, though it retained operational independence.
Britain, the leading partner, has insisted on retaining "operational sovereignty"—the ability to maintain and upgrade the plane on its own in future.
In addition, Rio Tinto said it "retains operational control of the joint venture assets, with clear governance arrangements and continued commercial marketing of joint venture product while maintaining its commitment to best practice and sustainable development".
And if our private schools were integrated into the national system, retaining operational autonomy but determining their intakes on any basis other than depth of parental pockets, there might be a chance of such a society.
Perhaps more importantly, bank trends never seem to last very long, as many firms pursuing the same approach inevitably reduce returns.Nuts and boltsDespite this area of doubt, both banks' bosses are considered particularly good at retaining operational capabilities in chaotic times, notwithstanding the turmoil that inevitably follows big deals.
Then he sold Zappos to Amazon for $1.2 billion, while retaining operational independence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com