Effective Business Partnerships : Relationship are key
Imagine a scenario in which only two of the four factors are in place, but the C-suite (the highest level executives of your company) is determined to forge ahead. As an HR executive in this situation, how would you counsel the CEO, who believes that only having two of the four factors is sufficient? Assuming the CEO is correct, which two factors do you see as absolutely essential to a successful partnership? Explain your reasoning.
To complete this Assignment, respond to the following in 3 no more than a 4 page paper:
1. Analyze Mitchell’s four factors of effective business partnerships.
*Analyze a successful business partnership, indicating which of the four factors were present.
*Analyze a failed business partnership, indicating which of the four factors were absent.
*Is it possible for a business partnership to succeed when none of the four factors are present? Under
what circumstances?
2. Examine HR’s responsibilities in a proposed business partnership where only two of the four factors are present.
*How should HR advise the CEO in this situation?
*From an HR perspective, which two factors do you consider to be most important, and why?