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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.
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.
If, on the other hand, the family retains operational control, it may not retain the founders' managerial talent.
Then he sold Zappos to Amazon for $1.2 billion, while retaining operational independence.
Those who did have access retained operational anonymity -- few knew even each other by their real names.
"You're really relying on the operational strength and integrity of the broker dealer," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com