Partnerships between companies can be a way to increase development, talent and
ID: 416526 • Letter: P
Question
Partnerships between companies can be a way to increase development, talent and information with little risk (2017). Organizations that are able to work together can share information and form alliances with similar interest groups,o executives to cooperative strategies include the need for risk sharing, the corporation's funding limitations, and the desire to gain market and technology access (De Kluyver, & Pearce, 2015)." r collaborate with other interests to create new solutions and ideas. "The key drivers that attract Technology and globalization are the biggest influences on inter organizational partnerships. With the advancement of technology we are able to reach parts of the world easier than ever. Companies could use collaborations to open doors for business in other areas. When economic and political situations influence trade and policy on a global level, it can have serious positive and negative effects on partnerships. Collaboration factors of trade, tax and travel can all be influenced by these The best way to participate in collaboration is to have an advantage that another organization is looking for. Being open to change, respecting culture and diversity, and being competitive in the market as well as with your human capital are ways to secure your relevance in cooperative strategies.Explanation / Answer
The following are the strategies that can incorporate to increase inter-organization collaboration:
1. Team building: Team building is important in the organization, as that increases the performance of the organization. When team members are connected to each other the end result would be a good collaboration within the organization. The bonding among the employees would encourage and motivate them to put their full effort in the work to achieve the goal of the organization.
2. Brand building: When there is a good brand image about the organization the team would be motivated to collabare and work to achieve the end result. Brand plays a major role in the market and as an inter-organization collaboration the employees would be more commited to improvise the brand.
3. One goal one strategy: The employee in the organization need to focus on one goal with same strategy followed by all to increase the growth of the organization. Setting a mindset within the employees on one goal and one strategy of the organization would help in building collabaration in the organization.