Effective Business Partnerships Discussion

Effective Business Partnerships Discussion

Earlier in 2012, Microsoft Corporation and SUSE, an independent business unit of The Attachmate Group, Inc., announced a 4-year extension of their groundbreaking agreement reached nearly 5 years ago for broad collaboration on Windows and Linux interoperability and support (“Computer software; Microsoft and SUSE renew successful interoperability agreement,” 2011). This collaboration has been successful not only because the partners agree on shared risks, resources, rewards, and vision, but because it promotes interoperability and sets the stage for other business partnerships.

Effective Business Partnerships Discussion

In the Required Resources, Jerry R. Mitchell, President/Founder of The Midwest Entrepreneurs Forum, argues that effective business partnerships are a function of four factors: (1) Shared Risk, (2) Shared Resources, (3) Shared Rewards, and (4) Shared Vision (Mitchell, 2013). He points out that building strong relationships with other organizations is often the best way to strengthen their own. Organizations can shore up weaknesses by accessing the strengths of others.

Effective Business Partnerships Discussion

Imagine a scenario in which only two of the four factors are in place, but the C-suite (the highest level executives of your company) is determined to forge ahead. As an HR executive in this situation, how would you counsel the CEO, who believes that only having two of the four factors is sufficient? Assuming the CEO is correct, which two factors do you see as absolutely essential to a successful partnership? Explain your reasoning.

Effective Business Partnerships Discussion

To complete this Assignment, respond to the following in a 3- to 4-page paper:

Effective Business Partnerships Discussion

Analyze Mitchell’s four factors of effective business partnerships.
Analyze a successful business partnership, indicating which of the four factors were present.
Analyze a failed business partnership, indicating which of the four factors were absent.
Is it possible for a business partnership to succeed when none of the four factors are present? Under what circumstances?
Examine HR’s responsibilities in a proposed business partnership where only two of the four factors are present.
How should HR advise the CEO in this situation?
From an HR perspective, which two factors do you consider to be most important, and why?

 

The post Effective Business Partnerships Discussion appeared first on Grade Master-Pro.

Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.

Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!

All our papers are written from scratch. We can cover any assignment/essay in your field of study.