Describe Appropriate Characteristics For A “good Partner.” World History Essay Help

Describe data sharing among potential partners history assignment example: history assignment example

This is justified because technological progress has enhanced effective communication and data sharing among potential partners. Through this, potential global partners can have insights into the projects, adventures, and activities they are likely to engage in to have a solid foundation of the mutual partnership. In the long run, there are increased sales if it’s a business partnership, and success and growth for government institutions, education, security, and health, among others.  An appropriate partner in the international joint venture is one crucial aspect that cannot be neglected. One partner can identify the various characteristics of the potential partners before making any selection.

Describe the Prior experience of collaboration summary history assignment ideas

Prior experience of collaboration

First, one of the vital characteristics that should be considered is the historical performance of the potential partner. This facilitates room for establishing whether the partner before selection and collaboration has experience. Whereas the goals, mission, vision, and objectives enhance a feel for professionalism, passion, and compatibility between potential collaborators in international joint ventures, prior or historical experience of a specific potential partner justifies such. To achieve this scenario, both quantitative and qualitative aspects of historical experience are taken into account. In terms of quantitative aspects, factors like capital input, revenue generated, profits, global market share, cash flow, employee turnover rates, and many others are considered. Consequently, this aids in coming up with concrete evidence and a conclusion of whether to enter into an international joint venture partnership or not.

A study with regards to building strategic alliances and partner selection concluded that the critical question that faced managers was “whom to ally with” in the quest to find the best partner in the international joint venture. In addition, the research found out that each party entering into a potential partnership sought to find a partner whose traits reinforce the other. Further, it alluded that managers ought to have insights and understanding of the global market competition and create strategic partnerships in international ventures. Historical experience is key to justifying all the potential partner (Mindruta et al., 2016)

Describe Financial and managerial stability african history assignment help: african history assignment help

Financial and managerial stability

Financial and managerial stability forms the basis of any form of international joint venture partnership. When coming up with these partnerships, respective partners must ensure that the other prospective company, business, or organization has the financial muscle and capacity to create, sustain, and maintain venture efforts effectively. Also, when a partner in an international venture fails to fulfill their financial obligation, then there is a high likelihood that turmoil will be experienced. To avoid this, partner organizations can evaluate each other’s cash flows at the preliminary stages of the partnership. If negative cash flows are realized, this will be a financial resource constraint that will hinder prospective partner selection and successful partnership.

A study examined factors to consider when establishing the financial capacity of a prospective partner in international joint venture selection. First, the profitability made from the partners’ revenue is one area to consider under financial resource requirements and availability. When a potential partner is making sustainable profits, then there are high chances of forming a successful joint venture with another business or organization in an international venture. Liquidity and asset management are other crucial aspects under the financial and managerial ability of a prospective partner. Quantitative analysis from financial resources can be used to come up with a return on investments, income statements. Also, this enables outstanding loans to be established. Consequently, this would aid a potential partner in having financial insights into the other organization, thus ensuring they get the right one (Ffrench et al.,2015).

Describe a High-quality staff and facilities summary a level history essay help

High-quality staff and facilities

Before one partner selects another to do business with or engage in multi collaborative projects in the international joint venture, the issue of human capital has to be analyzed critically. Through this, managers are enhanced to examine the skills and professional experience of the potential partner. One study found out that if the two companies or organizations partner together, there will be an opportunity to learn, create, develop and expand together through specialization of projects. In the long run, the two partners would work together and undertake their tasks and responsibilities smoothly (Bamel et al., 2019). The crucial aspects that are often considered in human capital when assessing the suitability of a partner in the international joint venture are usually the ability of the available labour to understand and respond to global market changes, negotiation, supply channels of goods and services, and sales practices. The ability and willingness to exude good customer service and upgrade skills for the available human capital are also crucial aspects.