This assignment is divided into two different parts and should be handled as such, with each part with its abstract main body, conclusion and reference.
Readings
• Gibbs, R., & Humphries, A. (2009). Strategic alliances and marketing partnerships: Gaining competitive advantage through collaboration and partnering. London, NI: Kogan Page Limited.
Chapter 1, “The Business of Partnering”
Chapter 2, “The Evolution of Partnership-Driven Business Strategies”
Chapter 7, “The Gibbs+Humphries Partnership Types”
•http://www.jerryrmitchell.com/SearchbyCategory.aspx?cid=5027&name=Partnering
PART 1(Discussion)
• Using the scenario above as a point of reference, conduct additional research on the types of business partnerships HR executives are expected to manage.
o How can HR executives objectively evaluate the pros and cons of potential partnerships?
o What are the responsibilities of HR executives to the various stakeholders within your organization and those of the potential partners?
PART 2(Assignment)
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, 2004). 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.
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.
To complete this Assignment, respond to the following in a 3- to 4-page paper:
• Analyze Mitchell’s four factors of effective business partnerships.
o Analyze a successful business partnership, indicating which of the four factors were present.
o Analyze a failed business partnership, indicating which of the four factors were absent.
o 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.
o How should HR advise the CEO in this situation?
o From an HR perspective, which two factors do you consider to be most important, and why?
Reference:
Mitchell, J. R. (2004). Strategic alliances. Retrieved from http://www.jerryrmitchell.com/SearchbyCategory.aspx?cid=5027&name=Partnering
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.
[order_calculator]