Partnerships may bring added value to strategic supply relationships, and have been described using

Feb 3rd, 2012
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Ashford University
Course: business studies
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Partnerships may bring added value to strategic supply relationships, and have been described using seven factors. Identify those factors and describe each while providing an explanation of how each provides value within the cooperative relationship. Document your sources

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Partnerships may bring added value to strategic supply relationships, and have been described using seven factors. Identify those factors and describe each while providing an explanation of how each provides value within the cooperative relationship. Document your sourcesPartnershipNameInstitution AffiliationThe success of any partnership within an organization depends a lot on how effective capabilities of the involved organization are matched as well as a full commitment to every partner is achieved. There are seven factors that need to be considered within cooperative relationship. This includes: defining your goal (Brinkerhoff, 2002). Every strategy needs to be built around your goals. Therefore, every goal that is made should be well set and ensure that the stakeholders at different levels are aligned towards those objectives. Understanding is also an essential factor to be considered in partnership. The cooperating companies are required to have clear understanding of all potential interest and resources of partners. Also, this understanding should always be based on the set goals of the alliance.Another factor is Establish governance and guidelines.

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