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Globally, organizations are increasingly creating alliance through collaborative alliance to enhance competitive market advantages, and alliance between two or more companies can last as long as they remain in business. However, some collaboration is just a fleeting encounter. No matter the major goal that pushes an organization to implement collaboration, an alliance is an effective business tool that organizations employ to achieve competitive market advantages. Dean (2010) defines collaboration as the method of working jointly with others to produce goods and services. On the other hand, collaboration is a business policy employed to achieve intellectual and research goal to enhance organization competitive market advantages. Thus, collaboration involves sharing of resources, risk, information and responsibilities. Typically, collaboration requires mutual engagement of participants in a method that will assist organizations to achieve common objectives.
Objective of this paper is to explore the collaborative advantages in a competitive business environment.
Question 1
Collaborative advantages are the form of partnership or merger of two or more companies. In essence, a business alliance has become a critical tool to achieve competitive market advantages. Major reasons that make organizations to form alliance are as follows:
First, organizations form alliance in different part of the world to establish a supply chain partnership. Moreover,...
More importantly, the goal to enhance technological capabilities has made organizations to form alliance to enhance comparative advantages. In other word, the collaborative advantages assist organizations to achieve a significant competitive leg. Despite the benefits that organization can derive from collaborative advantages initiatives, effective commitment to this process is very critical. For example, top executives are required to screen potential partners in order to reap full benefits from a collaborative initiative. Apart from screening financial capabilities of potential partners, organizations are also required to manage human capital when carrying out collaborative initiatives. Many organizations are unable to reap benefits from an alliance because they fail to integrate necessary resources in their collaborative protocols.
Major benefit of effective collaborative advantages is that it assists organizations to leverage employee talents in order to coordinate knowledge to enjoy global market opportunities. Since increasing number of customer are demanding for global solutions, using collaborative advantage initiatives will assist organizations to derive market advantages from global business. Moreover, collaboration can facilitate a product innovation because strong…
First, organizations form alliance in different part of the world to establish a supply chain partnership. Moreover, businesses form alliance in form of a full merger to reap global market advantages and be ahead of the competitors since mergers enhance organizational financial capabilities and technologies. More importantly, the goal to enhance technological capabilities has made organizations to form alliance to enhance comparative advantages. In other word, the collaborative advantages assist organizations to achieve a significant competitive leg. Despite the benefits that organization can derive from collaborative advantages initiatives, effective commitment to this process is very critical. For example, top executives are required to screen potential partners in order to reap full benefits from a collaborative initiative. Apart from screening financial capabilities of potential partners, organizations are also required to manage human capital when carrying out collaborative initiatives. Many organizations are unable to reap benefits from an alliance because they fail to integrate necessary resources in their collaborative protocols.
Major benefit of effective collaborative advantages is that it assists organizations to leverage employee talents in order to coordinate knowledge to enjoy global market opportunities. Since increasing number of customer are demanding for global solutions, using collaborative advantage initiatives will assist organizations to derive market advantages from global business. Moreover, collaboration can facilitate a product innovation because strong intra-firm networks can assist businesses to acquire intellectual capital they may not acquire alone.
Gratton & Erickson, (2007) argue that collaborative advantages can assist organizations to share knowledge and workload in order to succeed in a competitive business environment. Moreover, increasing number of organizations is being forced to operate business with lesser employee, and collaboration with other firms will assist businesses to share resources to achieve business objectives. For example, Sony dominated the market of portable music player in 1979 because the company had the resources such as electronic expertise, hardware and a huge music database, however, Sony lacked a collaborative culture, which made Apple to overtook Sony in 2003 when the company launched iPod in 2003. Typically, Apple used collaborative advantages to dominate a small portable music player market. For example, Apple used outside companies to develop the components of the iPod music player. The collaborative initiatives from outside companies coupled with expertise of Apple team makes the company form an incredible team. The hardware team, software team, and firmware team work together to
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