In this episode of The Reaching Max Potential Podcast, we explore the power of building strategic partnerships in business. Discover how collaborative alliances can enhance competitive advantage, drive innovation, and expand market access. Learn practical tips for identifying potential partners, establishing clear objectives, and starting with pilot projects to build trust. We also discuss the importance of continuous relationship management, risk-sharing, and cultural alignment. Perfect for entrepreneurs aiming for high performance, this episode provides actionable insights to help you leverage strategic partnerships for sustained growth.REFERENCESChesbrough, H. W. (2006). Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business School Press. https://doi.org/10.1093/oso/9780199843765.001.0001Das, T. K., & Teng, B. S. (1998). Between trust and control: Developing confidence in partner cooperation in alliances. Academy of Management Review, 23(3), 491-512. https://doi.org/10.5465/AMR.1998.533228Dyer, J. H., & Singh, H. (1998). The relational view: Cooperative strategy and sources of interorganizational competitive advantage. Academy of Management Review, 23(4), 660-679. https://doi.org/10.2307/2634980Gulati, R. (1998). Alliances and networks. Strategic Management Journal, 19(4), 293-317. https://doi.org/10.5465/AMR.1998.533229Hagedoorn, J. (2002). Inter-firm R&D partnerships: An overview of major trends and patterns since 1960. Research Policy, 31(4), 477-492. https://doi.org/10.1093/rev3.5.69Inkpen, A. C., & Tsang, E. W. K. (2005). Social capital, networks, and knowledge transfer. Academy of Management Review, 30(1), 146-165. https://doi.org/10.2307/20159760Mohr, J., & Spekman, R. (1994). Characteristics of partnership success: Partnership attributes, communication behavior, and conflict resolution techniques. Strategic Management Journal, 15(2), 135-152. https://doi.org/10.2307/258687Parkhe, A. (1991). Interfirm diversity, organizational learning, and longevity in global strategic alliances. Journal of International Business Studies, 22(4), 579-601. https://doi.org/10.5465/AMR.1991.4278711Rothaermel, F. T., & Deeds, D. L. (2006). Alliance type, alliance experience, and alliance management capability in high-technology ventures. Journal of Business Venturing, 21(4), 429-460. https://doi.org/10.2307/20159760 Hosted on Acast. See acast.com/privacy for more information.

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