Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring.

Successful companies actively manage their businesses through periods of economic growth, downturn, and recovery. They do so by innovating, making strategic shifts, rewiring existing operations, reallocating resources, entering new business lines, and restructuring existing ones.

For most companies, joint ventures and other partnerships are a critical part of the equation. Compani…

Read the full article at: https://hbr.org/2021/04/research-joint-ventures-that-keep-evolving-perform-better?ab=hero-subleft-2

A bankrupt and once trusted office manager who is serving jail time for stealing $3.2m from her employer to fund her gambling addiction is facing a second bankruptcy.

Wendy Ann Aspinall’s former employer Down to Earth Demolitions, from Cairns, filed a creditor’s petition in the Federal Court in Cairns late last month asking the court for a sequestration order against Aspinall’s bankrupt estate.

The creditor’s petition states that Aspinall owes Down to Earth Demolitions $1.56m because she failed to comply with a Supreme Court order to pay, made in March last year.

It also states that Aspinall failed to comply with a bankruptcy notice served on her on February 24.