Operation includes fully owned subsidiaries as well as joint ventures and representative offices in Asia, Europe and North America.

通过在亚洲，欧洲，北美的独资分公司或合资公司，以及代表处经营业务。

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Mergers and acquisitions as well as joint ventures may help a lot in such cases to fully take benefit of scarce resources and to operate even better.

在这样的情况下，企业并购和合作则可能很好的帮助最大程度地利用这些稀缺的资源使公司更好地运作。

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Although no MLB team can afford to ignore the Venezuelan talent market, most are looking for other ways to sign up future stars, such as joint ventures with local teams.

尽管没有哪支大联盟球队会舍得放弃委内瑞拉的人才市场，但大多数球队正着眼于通过其他途径签约未来之星，比如与当地球队合资。

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Longer term plays such as heavy oil should be put into the mix for positive cash flow, as should joint ventures with serious NOCs to give BP much more market and political cover.

FORBES: BP's Fate: Igor Sechin's Hands?

But other firms (the survey cites Lucent Technologies and Corning) tend to see headquarters as the embodiment of the company's core competences, adding value through superior research (as at Lucent) or by building alliances and joint ventures (as at Corning).

ECONOMIST: Lean, mean and has-been

Foreign oil firms must operate as minority partners in joint ventures with it.

ECONOMIST: You also have to know how to manage it