How to Improve the Performance of Collaborations, Joint Ventures, and Strategic Alliances: The Shared Risk Management Handbook

In this incredibly practical handbook, Patrick Ow (of PracticalRiskTraining.com) gives an amazing amount of how-to detail to implement the appropriate shared risk management strategies and processes to effectively manage shared risks in collaborations, joint ventures, and strategic alliances, to increase the likelihood and extent of their success. Given that it has been estimated that as many as 40% to 60% of joint ventures have underperformed or failed outright, this book sets out all the critical success factors needed to overcome failures in collaborations, especially from a risk management perspective.
The goal of risk management is to increase the likelihood and extent of the collaboration's success. The key to collaboration success is that all interactions and integrations must be conducted within one mutually agreed common governance structure that is led by one accountable person and where the collaboration's shared risk management framework integrates and interoperate with all partners' enterprise risk management frameworks as a collective whole.
It is only through the adoption of these common inter-organizational risk management processes in all partners' risk management plans that processes and plans in the collaboration can fully interoperate and integrate across organizational boundaries. This is where the shared risk management, enhanced and strengthen by individual partners' enterprise risk management, can effectively remove any execution barriers or risks to the achievement of collaboration's goals.
There are three critical mistakes in collaborative endeavors:1. They do not consider the strategic role of collaborations but see it only as a tactic for reducing costs. As a result, their efforts are misaligned with their corporate strategy.2. They do not organize effectively for collaborations internally and externally. Instead, they treat partners like suppliers of parts or raw materials and manage them using a procurement approach rather than that of a long-term (and sustainable) marriage relationship between two people.3.
They do not make long-term investments to develop collaborative and relationship capabilities and capacities. Instead, they assume that their existing governance arrangements, staffing, and processes can handle the challenges, risks, and controls in collaborations. By reading this book, you will learn how to:1. Identify key elements of a successful collaboration.2. Develop the right foundations for successful collaborations to thrive.3.
Implement the right elements for collaborations to operate.4. Manage shared risks and issues in the collaboration. The book also covers issues related to the management of collaboration risk in the public sector, which is relevant for private and public partnerships. This book aims to improve the success rate of collaborations and overcome known challenges in collaborations. Click the "Buy" button to access this extensive knowledge base on everything you need to know about implementing the foundations for a successful collaboration.
About Patrick OWPatrick Ow is a Risk Specialist and a corporate and personal trainer and coach at Practicalrisktraining.com. As a Chartered Accountant with over 25 years of international risk management and corporate governance experience in the private, not-for-profit, and public sectors, he helps individuals and organizations make better decisions to achieve better results. Patrick has authored several eBooks including Strategic Risk Management Reimagined: How to Improve Performance and Strategy Execution, Things Parents Wish They Knew Earlier: The Family Risk Management Handbook and Shocking Secrets Every Worker Needs to Know: How to Future-Proof Your Job, Increase Your Income, Protect Your Wealth in Today's Digital Age.