Question

1. What are the determinants of partnership?

2. Which actions are important to creating effective partnerships?

3. What mechanisms can be identified as increasing communication between business units?

4. In what ways can the firm improve business and IT communication

Answer 1

1) Following are the determinants of partnership: Partnership means more than one people are coming together and doing one business. Hence when more than one person are involved then in that Trust is required because work of the organisation will be distributed among them and they will have to work independently. Trust will be build among them only when there is honesty, transparent, clear communication.

2) Following are the important to creating effective partnerships:

• Proactive: Partner should be proactive in making better decision for the partnership.
• Cost effective: Try to reduce the cost, which will be helpful for the partnership firm
• Imaginative: Try to be imaginative by thinking new idea and betterment for the partnership
• Accountability: For each and every activity there should be predefined accountability.
• Responsibility: For each and every activity there should be predefined responsibility.
• Communication: On daily basis they should have meeting at start of the day and end of the day related to the business activity and it should be record on paper also

3)Following are the mechanisms for increasing communication between business units:

• On weekly basis there should be meeting across all the business units which have interaction between them all
• Atleast on monthly basis there should be workshop with business units in that they should list down their lesson learnt and experience among each business units
• If they are facing any issue they should directly contact to their counterparts of other business units
• There should be inter transfer of resources between the business units

4)Following are the way to improve business and IT communication:

• Both are important for the firm hence both be treated at same level.
• There should be continously interaction between them
• IT department should identify the upgradation according to the business need with regular interaction.