Joint ventures involve the sharing of risks and rewards in an enterprise or project co-owned and operated for mutual benefit by two or more business partners. One third (33%) of technology businesses are current joint venture participants, involved in an average of 3.3 over the past three years.
And an additional 9% are planning an average of 1.6 new joint ventures over the next 12 months.
Technology businesses participating in or planning ventures are committing a composite 9.34% of their business assets to these efforts – including people and materials. And this allocation is expected to nearly double to 17.34% over the next few years. For large firms, it is planned to grow to 13.49% of corporate assets, up by 69%; and for smaller firms, it is expected to surge to 22.01%, an increase of 99%.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel