Joint ventures: This is a mostly used strategy for a company to enter into any foreign country. An independent company created by two or more firms by combining parts of their assets is called as joint venture. They are created by combining the resources and expertise needed to develop new products or technologies. Joint ventures are owned by creating firms jointly and they are seen as very effective in establishing long-term relationships and in transferring management competence and skill which can not be so easily learned. In Nepal, there are aerating under technical agreements with foreign banks as joint ventures.
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