Factors of collaborative and an alliances partnership

Question

What are the factors of collaborative and an alliances partnership with foreign enterprises?

Answer 1

Whether or not a company realizes the potential of collaborative and an alliances partnership with foreign enterprises appears to be a function of six factors:

i. selecting a good partner.

ii. Being susceptible to cultural differences.

iii. Recognizing that the alliance must advantage both sides.

iv. Ensuring that both parties exist up to their commitments.

v. Structuring the decision-making procedure so that actions can be taken quickly when required.

vi. Managing the learning procedure and then adjusting the alliance agreement over time to healthy new circumstances.