Short summary
2019; non controlled JVs -> > 20% earning for big firms > 10% for others
Long summary
Overall, Joint Ventures (JVs) and partnerships are crucial to Innovation. In 2019, Airbus, Celanese, Engie, Vodafone, and Volkswagen relied on non-controlled JVs for more than 20 percent of their earnings, while at Coca-Cola, GM, and many others, that figure was above 10 percent (Bamford, Baynham, and Ernst, 2020).
Citation
Bamford, James, Gerard Baynham, and David Ernst. “Joint Ventures and Partnerships in a Downturn.” Harvard Business Review, September-October 2020.
Source
HBR
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