Question

If a firm decides it is in its best interest to collaborate on a development project, how would you recommend the firm choose a partner, a collaboration mode, and governance structure for the relationship?

Answer 1

First and foremost it is important to find a business partner who has a similar vision, as well as goals and objectives. Mutual trust between partners is also a necessary foundation to any business relationship, as is recognizing each other?s strengths and weaknesses.