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Co-operation may enable organizations to attain ends that they cannot achieve alone. However, the co-operating partners must have an unusual mix of (1) propensity, (2) power, and (3) persistence. Joint ventures are used in this article to elucidate these critical elements in the relationship. T H E PROPENSITY TO FORM JOINT VENTURES

The popular belief that business management concepts can be applied readily to nor-fOrpmfit enterprises neids qualification .Vat-forpmfit enter prises differ widely; each has its own managerial needs, and many h u e discriminating eon-ltraints that sharply modify which concepts will be effectizle.

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