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Some examples of successful strategic partnerships include Microsoft and IBM, Google and NASA, and Spotify and Uber. These partnerships were successful due to a combination of factors such as shared core competencies, mutual respect and trust, effective communication, strong leadership, and a solid strategic guide. It's important to note that even if there are challenges in the partnership, such as lack of effective communication, they can be overcome with strong leadership and a solid strategy.
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That said, the shared core competency and respect and trust could outweigh the lack of effective communication, so as long as those negatives are remedied with strong leadership, organizational structure, and a solid strategy guide, it could still prove to be a fruitful partnership in the long run. (Slide 11)
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How do you select the right partners and pool the best resources? Mutually beneficial relationships with another organization can elevate growth, inno...
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