Q3-4-5 Essay Example | Topics and Well Written Essays - 2000 words

Q3-4-5 - Es reckon standardIndustry partnerships also come in shape when organizations are socially robust, having a strong book binding of top executives with respect to size, presence and connections (Kathleen M. Eisenhardt & Claudia Bird Schoonhoven, 1996).To be specific, there are three major aspects of partnerships foundation, formation, and geomorphologic preferences. The foundation for partnership implies to the likelihood of organizations to add value to the overall business by their shared resources. When we say formations, it refers to properties such as limitation of convenience and commutability. By structural preferences we mean the types of ventures, which can be justice joint ventures, minority equity alliances, bilateral contract-based alliances, and unilateral contract-based alliances (T. K. Das & Bing-Sheng Teng, 2000).Strategic business partnerships enable organizations to achieve competitive advantage through access to shared resources. These shared resources may be based on potential markets, technology, capital, or human resources. As organizations have to input less individually, their goals are more center thus leading to improved performance.Partnering organizations share their limited resources and business responsibilities as per the availability and expertise to drive the process. Its best to focus ones resources on what they do the best and partner for the rest. for the most part those companies agree to work together which have same goal but lack in original areas, let it be budgets, human resources, or technical expertise yet having same set of goals or share same purpose of existence.A research company Trendsetter Barometer, PWC states that nearly 2/3 of invasive companies are involves in strategic alliances. In average, each fast-growing company is engaged in 5 different types of strategic alliances may it be related to joint marketing & promotion, joint selling or distribution, technology licenses,