What Is Joint Venture?

A joint venture, or abbreviated as JV and sometimes called joint adventure, is a tactical union flanked by two or more parties to embark on a financial activity together. This alliance agrees to create a new entity together by both contributing equity and they then share in the revenues, expenses, and control of the enterprise.  The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson...

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Einstein's Riddle

Variations of this riddle appear on the net from time to time. It is sometimes attributed to Albert Einstein and it is claimed that 98% of the people are incapable of solving it. Some commentators suggest that Einstein created such puzzles not to test out intelligence but to get rid of all the students who wanted him as an advisor. It is not likely that there is any truth to these stories. Where ever this comes from, it is a nice riddle.Let us assume...

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Initiative

I wanted to share with you something that I discovered while I was watching an excellent video online.  I learned about the concept of initiative and taking action and how simple it can be to catapult yourself past immobility.  Having said this, keep in mind that initiative is as essential to success as a hub is essential to a wheel.  And initiative is precisely taking action when we know it ought to be done but no one is asking for...

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Ambitions

I aim to become the president of my country. I have the object of becoming the greatest scientist. I will one day be the richest person in the world. I aim to and so goes the list of ambitions of people. Nobody remembers that the final goal for each one of us is going back to earth. Let us talk more about ambitions. Are ambitions good or bad? This is difficult to answer, isn't it? To be an ambitious person must be very good. With ambitions a person...

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Creative Thinking 101

Can creative thinking and even spontaneity come from a highly organized approach? Yes! For example, if you watch great comedians closely, you'll see that they have certain habits of mind. Even the most spontaneous ones get better with practice, because they're training their brains to find the humor in situations.  In the same way, you can train yourself for more creative thinking. Just start cultivating the right habits in your mind. Why not...

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The Pygmalion Effect

A team does as well as you and the team think they can. This idea is known as “the self-fulfilling prophecy”. When you believe the team will perform well, in some strange, magical way they do. And similarly, when you believe they won’t perform well, they don’t. There is enough experimental data to suggest that the self-fulfilling prophecy is true. One unusual experiment in 1911 concerned a very clever horse called Hans. This horse had the reputation...

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If I Were A Bird

What if I were a bird? I would need no tickets to fly. Just fly whenever I want. I would save a lot on air tickets! Jokes apart, what does a bird see from the sky? What does it feel? What opinions does it form and how does it look at human beings?  Let us first talk about birds. Have we ever thought that a small bird that comes out of the egg, flies without any help from any aircraft companies? It needs no design and no development of latest...

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Aim High

Change is difficult for many people. Often times our whole identity is wrapped up in what we've learned as children will work for us when dealing with people, allowing us to survive, thrive and fit in. While some people have had to learn to thrive in the midst of change and learned to be adaptable by being open to new ideas and embracing change, many others have had to fight for survival and every table-scrap that came their way. Behavior is learned...

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Catching The Spirit Of Entrepreneurs

Grabbing opportunities with open arms is often easier to talk about than to actually do. Most people find themselves dreaming about being rich but never actually doing anything about it. A combination of procrastination and 'what if' syndrome can cripple your creative spirit and might mean your idea will never become a reality.  Socrates said "Action equals knowledge'. He was one of the greatest philosophers of our time. What he meant was that...

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Success - As Easy As ABC

A - Achieve your dreams. Avoid negative people, things and places.  B - Believe in your self, and in what you can do. C - Consider things on every angle and aspect. To be able to understand life, you should feel the sun from both sides. D - Don't give up and don't give in.  E - Enjoy. Motivation takes place when people are happy. F - Family and Friends -- Don't loose sight of them. G - Give more than what is enough.  H - Hang on...

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Jaguh Kampung :: A Personal Perspective on Business Outside Malaysian Shores.

a speech by Tun Daim Zainuddin during L4T Leadership Lecture. Since my second retirement in 2001, I have accepted only one invitation to speak in Malaysia and that was in 2004.So to accept this invitation, it took some serious thinking on my part.  I have spoken many times overseas but at home I think people may be tired of hearing me talk all the time so as a retiree I should just keep quiet!“I accepted this invitation because I have great...

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