VENTURE MEANING SOFTWARE

Ownership of the new project or undertaking, project costs, profits and/or losses are shared among the parties involved in the joint venture. The organizations participating in a strategic joint venture pool in resources, capital and assets to create synergy and gain a competitive advantage in the market. Till date, this remains one of the best-known examples of a successful joint venture.īut what, exactly, is a joint venture? What are its pros and cons? Let’s find out!Ī joint venture is defined as a strategic business agreement whereby two or more organizations come together for a specified period to accomplish a common objective such as a new business undertaking or a project. The joint venture grew steadily over the next four years, so much so that its products began to be used extensively in more than 1,500 hospitals around the world, before it changed hands.

VENTURE MEANING SOFTWARE

Starting its journey with a little more than 700 employees, Caradigm offered innovative healthcare solutions, an open platform and tools to help health professionals and software developers improve healthcare, deliver a robust patient experience and combat the challenges of population health. Caradigm was a 50-50 joint venture, leveraging Microsoft’s expertise with large-scale data platforms and GE’s prowess in developing healthcare applications. In 2012, Microsoft and American conglomerate General Electric (GE) took healthcare by storm with Caradigm, a strategic joint venture to simplify public health management.

Venture meaning