why are inter- organisational pertnerships so important for today's companies ?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section: Chapter Questions
Problem 4CRQ: What actions can help a firm grow?
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why are inter- organisational pertnerships so important for today's companies ?

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Introduction

Different organizations have different policies, strategies, staff, sources. They have different ways of working. Not all organizations are capable enough to survive in this competitive market due to scarce resources, lack of proper guidance and information.  Organizations face a lot of challenges to survive in this market. One of the ways to reduce challenges and perform better is to collaborate with other organizations. This will reduce the workload, risk and help in sharing resources, information, experience, and promotes creativity.

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