Question

Can collaboration and partnership address the problem of improving the quality of services or is it simply a cost cutting strategy?

Answer 1

Answer :- Collaborative and partnerships are agreements and actions made by consenting organizations to share resources to accomplish a mutual goal. Collaborative partnerships rely on participation by at least two parties who agree to share resources, such as finances, knowledge, and people. Organizations in a collaborative partnership share common goals. The essence of collaborative partnership is for all parties to mutually benefit from working together.There are instances where collaborative partnerships develop between those in different fields to supplement one another’s expertise. The relationships between collaborative partners can lead to long term partnerships that rely on one another.

Collaborative partnerships in business benefit from the close, trusting relationships between partners. Network strength and openness create profit amongst businesses that have created trust between them. Collaborative partnerships between businesses generate higher levels of productivity and revenue when there is stable, bidirectional communication between parties . These partnerships develop into longstanding practices and relationships that can extend beyond the length of a single project . Hence , its is conclude that collaboration and partnership can impoves the quality of sevices with high earnings .