Question 1
The first notable advantage of collaborating on a development project is that it paves the way for sharing of costs and risks equally among the partners seeking to work. O’Sullivan (2003) takes note of the fact that development projects often bring to the floor a wide array of cost variables and risks that can have significant implications in determining overall success levels. Through collaboration, in such projects, it becomes much easier to limit both costs and risks. The second advantage of collaborating on a development project is that it paves the way for combining complementary skills and resources. In other words, this means that the different parties can complement each other, on areas of skills and resources in a bid to improving on the success of the project.
Lastly, collaborating on a development project helps in enabling the transfer of knowledge between the firms. During the collaboration, it is essential to understand that education is much more likely to be transferred from one firm to another, depending on the nature of the project. Regarding the disadvantages, collaborating on a development project creates a potential for exploitation in which one of the parties may find itself being exploited during the project. In most cases, this is the case when dealing with resources where a firm providing resources finds itself with little or no returns after the project has been completed (Papanikolaou & Boubouka, 2010). Another key disadvantage is that firms may find themselves dealing with the loss of control over direction. That can be seen from the fact that some of the firms may take control stakes in the project; thus, making it hard for the other parties to actually be in a position allowing them to determine the direction that the plan ought to take.
Delegate your assignment to our experts and they will do the rest.
Question 2
The mode of collaboration influences the success of cooperation by ensuring that more emphasis is placed on trying to understand how well suited the individual partners are for each other. The mode of collaboration creates an avenue through which to ensure that the parties can weigh in on the strengths and weaknesses associated with the partnerships that they create (Kajamaa & Lahtinen, 2016). That serves as a guarantee to ensure that parties that move ahead with collaboration are well aware of the existing weaknesses that are likely to affect the success of the partnership. Ultimately, this would mean that the parties would be willing to adopt strategic approaches that help them create a shift in what they expect from the other parties as part of enhancing the possibility of success.
On the other hand, the mode of collaboration also influences the success of cooperation by providing an avenue through which to evaluate whether the resources, values, and cultures in the partners are compatible. D'Amour, Ferrada-Videla, San Martin Rodriguez, & Beaulieu (2005) argue that one of the most significant factors leading to failure in collaboration is lack of compatibility between the different partners involved, as this creates a situation where it becomes much harder for the parties to move in the same strategic direction. The use of the mode of collaboration helps in the evaluation of compatibility; thus, ensuring that all entities that intend to engage in a partnership are well aware of their partners. Ultimately, this influences the possibilities of success in a significant way, as it becomes much easier for the different partners actually to work hard in a bid to enhancing their collaboration.
References
D'Amour, D., Ferrada-Videla, M., San Martin Rodriguez, L., & Beaulieu, M. D. (2005). The conceptual basis for interprofessional collaboration: core concepts and theoretical frameworks. Journal of interprofessional care , 19 (sup1), 116-131.
Kajamaa, A., & Lahtinen, P. (2016). Carnivalization as a new model of collaboration. Journal of Workplace Learning , 28 (4), 188-205.
O’Sullivan, A. (2003). Dispersed collaboration in a multi-firm, multi-team product-development project. Journal of Engineering and Technology Management , 20 (1-2), 93-116.
Papanikolaou, K., & Boubouka, M. (2010). Promoting collaboration in a project-based e-learning context. Journal of Research on Technology in Education , 43 (2), 135-155.
