Does business partnership and collaboration guarantees success.

[TOZZIBLINKZ]

To some extent it does , but in a more large scale understanding it doesn't . It is absolutely possible for an individual to think that for his business to collaborate with another business so as to form a partnership business productivity will increase and business success is sure to be accomplished and achieved . It is absolutely true that two heads are better than one and so when two businesses come together to form a collaboration business problems and trials are better handled in the right and effective way as a result of different ideas and different views coming from different individuals in the business organisation so as to make a final conclusion which is always effective and correct . But yet , partnership in business does not mean that a particular business will actually be successful . The two business partnering with each other , could be inexperienced or they could be newly established business that's just want to collaborate with each other just to see if business productivity will increase . Institution like this where newly established business collaborate business success is actually not sure to happen , but it is sure to happen only if the individuals making up the two business firms partnering with each other actually creative , smart , and alert in the formulation , management , and facilitation of business activities and practices in the right and effective way .

 

[CALVINDOL]

Not at all but I strongly believe that when a business collaborate with another there is a strong possibility that business problems and challenges would be effectively and correctly tackled . When business collaborate with each other there is a formulation and a fusion of minds coming together to handle a particular business problem or task and there is every possibility that such business has the prospect to be successful but yet partnership and collaboration does not in itself I mean that a business will be successful this is because they have been some example of collaborative businesses who have come together to form a partnership but yet they will not able to be successful this is probably due to some factors .

When the individuals making part of the business organisation partnering with each other and not actually creative and alert in formulation of business decisions and carrying out of business activities and practices such business is likely to suffer negative repercussions rather than positive and long-lasting rewarding effects . It is absolutely very mandatory that individuals making up the partnering business should be very most serious in there business activities and practices so that business productivity could be increased and also business maximization of profit could be equitably achieved .

 

[Rachael]

It depends on the business which is involved. Looking at a small scale business, most of them does not necessarily require partnership or collaboration and as such, it becomes a one-man business. When looking at large scale business, it is always almost impossible not to collaborate and as such, more hands must be on deck if the success should be guaranteed. There are different ways in which we can make a partner but to be practical, it should be with people or companies that are known to be genuine, creative and shares in the same vision of your business. If you collaborate with someone who does not have the same vision as yours, it would become a problem because there would be a chaos either at the onset or later in the future.


As it stands, partnership ultimately depends on the kind of business involved and the vision of the business owners. I have still seen some small scale businesses partnering with others to achieve a common goal and they deal so well. Ultimately, more hands make the work easier and also helps in expansion, this is why most business owners prefer to partner despite the downside that something could go amiss.

 

[btaliat]

Partnership is never a yardstick to the success of any business and in the same vein, it can be a cornerstone to success depending on the persons that are collaborating together. Nevertheless, I will never support partnership business on any ground for many reasons.

Partnership tends to remove privacy. The sole proprietorship does enjoy some privacy which may include the one to make decisions, to know the amount of profit that the owner is making. All these won't be possible because the presence of other won't make it possible.

There is tendency that there may be one of the partners that may be lazy. This will surely slow down the rate of work between them. There have been a situation where one partner is the one doing the major works which may be the other one redundant. This will surely slow djns the rate of success of those partners.


People still don't want to go for partnership because it doesn't guarantee the success of any business in the sense that if the one that's a major contributor dies, then there may be tendency that the business will die. This had been the end of some major multinational companies that we have heard of.

 

[Ayuba Ernest]

There is no denying that partnerships and collaborations can be beneficial to businesses. After all, two heads are better than one, and pooling resources can help businesses achieve success that they may not have been able to achieve on their own. However, it is important to note that not all partnerships and collaborations are guaranteed to be successful. There are a number of factors that need to be taken into account in order to ensure that a partnership or collaboration will be successful.

One of the most important factors to consider when entering into a partnership or collaboration is whether or not the businesses involved have complementary strengths and weaknesses. If the businesses involved have similar strengths and weaknesses, it is likely that they will end up competing with each other rather than working together. On the other hand, if the businesses involved have complementary strengths and weaknesses, they will be able to complement each other and work together more effectively.

Another important factor to consider when entering into a partnership or collaboration is the level of trust between the businesses involved. If the businesses involved do not trust each other, it is likely that the partnership or collaboration will not be successful. Trust is important because it allows businesses to work together more effectively and efficiently.

Finally, it is important to consider the goals of the businesses involved in a partnership or collaboration. If the businesses involved have different goals, it is likely that they will not be able to work together effectively. It is important that the businesses involved have compatible goals in order to ensure that the partnership or collaboration is successful.