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NETW-583 Week 5 Discussion 1 – Benefits of Collaboration | Download To Score An A
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NETW-583 Week 5 Discussion 1 – Benefits of Collaboration | Download To Score An A
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WEEK 5: BENEFITS OF COLLABORATIONCollaborating influences the success of collaboration in many ways. Choosing which method
depends on what the firm is trying to gain. For instance, strategic alliances facilitate access to
technology, broadens markets and the ability to leverage competencies with relatively little risk.
Collaboration mode carries its own set of tradeoffs in term of speed, cost, control, the potential for
leveraging existing competencies, develop new skills, or accessing another firm, competencies. If
the success of a project requires being a first, then speed may become a vital factor, and modes that
reduce speed will improve the project’s success. If the project is unusually large or risky, then
methods that enable cost and risk sharing will prove particularly valuable. Innovative technologies
are sophisticated and require competence than any firm possesses; in which instances, modes that
allow a firm to access each other’s skills will improve the project’s likelihood of success.
SCHILLING, MELISSA. (01/2016). Strategic Management of Technological Innovation,
5th Edition [VitalSource Bookshelf version]. Retrieved from vbk://1260476413
WEEK 5: INNOVATION ACTIVITIES
If you decide to collaborate, ensure that the partner you are planning to work with will benefit
you. The partner would need to be beneficial to you strategically and resourcefully. Resourcefully
the prospective partners should have resources that have the value adding effect. The strategically
the other side measures the compatibility of the partners regarding the objectives and the dominant
cultures. In any collaboration, the partners don’t necessarily have the same similar purposes, but in
the diversity of the goals, they are compatible. The mode in the collaboration should provide
consideration for the method that gives attention to the technique that would expose the advantages
that are needed in the partnership. The use of tradeoffs is significant. The governance type is
always made to be a function of the number of resources risked in the collaboration. Meaning,
more resources are likely to lead to stronger mechanisms like equity sharing and contracts.
SCHILLING, MELISSA. (01/2016). Strategic Management of Technological Innovation, 5th
Edition [VitalSource Bookshelf version]. Retrieved from vbk://1260476413
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