Answered: why are inter- organisational…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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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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