# strategy for dealing with a financial emergency

BP to buy remaining 50% in solar JV Lightsource BP » BP has agreed to take full ownership of Lightsource BP, buying the remaining 50% stake in its solar power joint venture as part of the British oil giant's drive to build up its renewable energy capacity. Reuters.com

Getting More Value from Joint Ventures » Done right, joint ventures can be an effective way to enter new markets, gain expertise, increase production capabilities, and expand distribution. Here’s what it takes to succeed. Bcg.com

Joint Ventures and Strategic Alliances » Our experts can help your business strategically partner and form alliances to strengthen core capabilities and outperform competitors. Pwc.com

Joint Ventures and Partnerships in a Downturn » To make it through the downturn and return to growth, companies will need to rewire operations, reallocate resources, and in some cases reinvent business models. Joint ventures and partnerships can help many firms with those efforts. In this article three consultants outline how companies can shore up their existing JVs through capital-raising, cost-reduction, and synergy-tapping techniques that often aren’t available to wholly owned entities. The authors then describe how parent companies can strengthen their own financial positions by using JVs and partnerships to make partial divestments, consolidate businesses, and collaborate on capital-light, low-risk growth initiatives. JVs are already ubiquitous in sectors under pressure, like energy, and in innovative industries such as life sciences. At numerous firms, they drive a large share of earnings. Given that their returns have been climbing, their impact is quite likely to remain strong or even increase in the foreseeable future. Hbr.org