Strategic Partnership Agreement With

The last thing you want to do in an alliance is when people in both organizations lose their sense of responsibility while working on that target. This scenario is more common than it seems. In fact, a theory in psychology may explain this phenomenon. The circumstance effect explains why a sense of responsibility decreases when more people play the same role. When integrated into the strategic alliance scene, employees of both companies share similar responsibilities. This resemblance turns into the idea that they have a free pass and do not do their role, as someone else can do for them. It should also be kept in mind that strategic partnerships can also reduce risk. This means, for example, that if you choose a strategic manufacturing partner that manages a plant and insures its employees, you will be dispossessed of responsibility for operating a similar facility. The thing, which is of the utmost importance, is a clarity of objectives. You should know what you want. Most of the time, there are misunderstandings and conflicts because the parties do not understand, for the most part, the importance of strategic partnership.

They are not willing to cooperate and have competing interests. Ambiguities about the objectives and conditions of the agreement can lead to loss. If there is no carefree and transparent relationship, it can be very difficult to maintain it in the long term. To tackle all of this, it is necessary to list everything well and be clear about your mission. Don`t say yes to the cause. Choosing the right counterparty is of the utmost importance to avoid a high failure rate. Partners need to be good to each other in how they would treat their clients. It should be based on mutual respect and mutual trust, and both partners must contribute and communicate in the same way to resolve existing problems between them.

Another type of alliance is a strategic technology partnership. This type of strategic partnership includes working with IT companies to keep your business afloat. It can be a partnership between your web design company and a specific IT repair service that you always call in exchange for a reduced service price. It could also include partnering with a cloud-based storage platform to meet all of your file storage requirements. Another example can give e-shopping sites like Shein and Myntra with delivery services like Delhivery. The first offers the customer a method of purchase, the second ensures efficient delivery and tackles his area of expertise. Here, the two brands benefit from each other – Shein receives a delivery service that is fast and actually good customer ratings in terms of delivery, and Delhisehr gains the image and presence of the brand by consisting of a brand known as Shein.

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