Mar 6, 2014 06:38
10 yrs ago
1 viewer *
German term
industrielle Führerschaft
German to English
Bus/Financial
Law: Contract(s)
Joint Venture agreement
Describing a joint venture. Firma X hat die industrielle Führerschaft, Firma Y verantwort das operative Management.
Think it means they have a controlling stake but need this confirmed.
Think it means they have a controlling stake but need this confirmed.
Discussion
XY bears/holds leadership/management responsibility for the production side
Not sure about operations, operational or operative management - depends on how the venture defines it - could mean financial, human resources and strategy.