1

Voluntary nature

The partners have clear and common goals based on mutual → benefits.

2

Common interest

Partnerships is what enables companies to make → continuous improvements Download PowerPoint presentation, pdf e-book. By sharing with others, you can direct your resources and → capabilities to projects you consider most important.

3

→ Synergy

The value added or the total is greater than the sum of its individual parts.  >>>

4

Mutual Dependency

The mutual dependency arises from sharing risks, responsibilities, → resources, competencies and benefits.

5

Commitment

Explicit commitment or agreement on the part of the participants.

6

Working together at all levels

The partners work together at all levels and stages, from the design and governance of the initiative to implementation and evaluation.  >>>

7

Complementary support

Focus your firm's resources on what you do best and what creates → sustainable competitive advantage Download PowerPoint presentation, pdf e-book  and tap to the resources of others for the rest. To decide why, when and how to partner with others for complementary resources, → weight the small amount of cost savings that doing non-core-competence tasks might bring against the distraction and investment that will be required to stay up to date over time.

8

Shared core competencies and resources

Partnerships are a mechanism to leverage different types of  → competencies, resources,  and → capabilities, including, but not only, money.

9

Effective Communication

Communication between strategic business partners should be regular, open, transparent, with accountable structures for joint → decision making, → problem solving Download PowerPoint presentation, pdf e-book, and conflict resolution.

10

Respect and Trust

Trust between organizations is at the core of → today's complex and rapidly changing knowledge economy. It is one of the most efficient mechanisms for governing → innovative Download PowerPoint presentation, pdf e-book  business partnerships. With trust as a foundation, the companies can share their know-how to achieve synergy.  >>>