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Leveraging Partnerships for Transformation

In: Collaborative Advantage

Author

Listed:
  • Raphael Bömelburg

    (University of St. Gallen)

  • Oliver Gassmann

    (University of St. Gallen)

Abstract

Partnerships have become a cornerstone of modern business strategy, and they can be powerful catalysts for transformation. This chapter explores the strategies and tactics for leveraging partnerships to drive meaningful transformation: 1. Apply Collaborative Practices to Maintain Your Advantage as You Grow: Discover how collaborative practices can be applied to sustain your competitive advantage as your organization grows, fostering innovation and adaptability. 2. Bring Collaborative Practices to New Organizations: Extend the benefits of collaborative practices to new organizations and teams, ensuring that the spirit of collaboration remains at the heart of your transformation efforts. 3. Combine Autonomy and Synergy to Leverage the Transformation Potential of Acquisitions: Explore how to strike a balance between autonomy and synergy when integrating acquired companies, harnessing their transformation potential. 4. Ideas for Action: Implement simple but effective practices that can enhance collaboration and drive transformation within your organization. In addition, you can delve into advanced collaborative practices that can take your transformation efforts to new heights, propelling innovation and growth. 5. Collaborative Transformation in Action: Microsoft: Gain insights into how Microsoft, a global tech giant, has successfully harnessed partnerships for transformative growth. This chapter serves as a practical guide for leaders and organizations seeking to capitalize on partnerships as drivers of transformation. By adopting these strategies, you can harness the full potential of collaborations, foster innovation, and position your organization for sustainable growth and success in today's rapidly changing business landscape.

Suggested Citation

  • Raphael Bömelburg & Oliver Gassmann, 2024. "Leveraging Partnerships for Transformation," Springer Books, in: Collaborative Advantage, chapter 0, pages 179-196, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-36306-1_8
    DOI: 10.1007/978-3-031-36306-1_8
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