5 Conditions

①  Shared objectives, complementary core competencies, priority mutual need

② Understanding the value of trust as a source of competitive advantage

③ Transparency, honest communication; effective management of expectations

④ Joint leaders, good personal relationships

⑤ Clear commitment, safeguards

4 Ps of a Successful Partnership

Trust between organizations. Understanding perceptions;  managing expectations; handling disagreements early. Understanding the corporate culture, corporate capabilities, strengths, capacities, constraints and resource needs of all the partners. Adaptable organization. Regular, open, transparent communication. Accountable structures for joint problem solving, decision making and conflict resolution... More

10 Key Features of Effective Partnerships

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 business partnerships. With trust as a foundation, the companies can share their know-how to achieve synergy... More