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Question 356 - CSCP discussion

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Which of the following characteristics typically is required for a collaborative strategic relationship?

A.
High levels of trust
Answers
A.
High levels of trust
B.
History of successful collaboration
Answers
B.
History of successful collaboration
C.
Awareness of cultural differences
Answers
C.
Awareness of cultural differences
D.
Formal contracts defining the relationship
Answers
D.
Formal contracts defining the relationship
Suggested answer: A

Explanation:

Importance of Trust: High levels of trust are fundamental for collaborative strategic relationships as they enable open communication, shared goals, and mutual support.

Other Characteristics: While a history of successful collaboration, awareness of cultural differences, and formal contracts are beneficial, they are either outcomes of trust or tools to manage the relationship. Trust is the foundational characteristic that underpins all other aspects of collaboration.

Building Collaboration: Trust reduces the need for excessive formalities and encourages proactive problem-solving and innovation, essential for strategic relationships.

Lambert, D. M., & Knemeyer, A. M. (2004). 'We're in This Together.' Harvard Business Review, 82(12), 114-122.

Barratt, M. (2004). 'Understanding the Meaning of Collaboration in the Supply Chain.' Supply Chain Management: An International Journal, 9(1), 30-42.

asked 16/09/2024
Edwin Lebron
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