Jointly-managed describes a situation where two or more entities (individuals, organizations, or countries) share responsibility and control over a project, organization, or resource. This collaborative approach necessitates cooperation, shared decision-making, and a mutual understanding of goals and responsibilities. It often involves the allocation of resources, oversight duties, and the potential sharing of profits or losses. Successful jointly-managed ventures require clear communication, established protocols, and a commitment from all parties involved to work towards a common purpose.
Jointly-managed meaning with examples
- The two universities, recognizing mutual benefits, decided to establish a jointly-managed research institute. Each university contributed funding and faculty, sharing the administrative responsibilities and jointly deciding on research priorities to advance their scientific understanding and discoveries. This partnership allowed them to combine resources, expanding their individual capacities and strengthening their scientific standing.
- The neighboring countries opted for jointly-managed border security. They agreed to coordinate patrols, share intelligence, and collaborate on infrastructure to regulate traffic and prevent illegal activity. This collaborative effort improved safety and security for all, demonstrating a commitment to cross-border cooperation and the shared responsibility of maintaining peace.
- A group of farmers formed a jointly-managed cooperative to process and market their produce. By pooling their resources and expertise, they improved their bargaining power and access to markets, which allowed them to share costs and achieve greater profitability. The organization was an association of stakeholders with a common goal.
- The company and the union entered into a jointly-managed health and safety program. They established safety protocols and resolved workplace hazards collaboratively. This increased employee well-being, reduced workplace incidents, and established a stronger relationship between all stakeholders by improving communication, collaboration, and problem-solving.