Hi, need to submit a 2250 words paper on the topic Managing Technological Innovation.

Hi, need to submit a 2250 words paper on the topic Managing Technological Innovation. Partnerships are formed when organizations are in susceptible strategic situations either because of competition in the emerging market or being present in a highly competitive industry or even due to the attempt of the revolutionary specialized approach. Industry partnerships also come in shape when organizations are socially robust, having a strong backbone of top executives with respect to size, presence, and connections (Kathleen M. Eisenhardt & Claudia Bird Schoonhoven, 1996).

To be specific, there are three major aspects of partnerships: foundation, formation, and structural preferences. The ‘foundation’ for partnership implies the likelihood of organizations to add value to the overall business by their shared resources. When we say ‘formations’, it refers to properties such as limitation of convenience and commutability. By structural preferences, we mean the types of ventures, which can be equity joint ventures, minority equity alliances, bilateral contract-based alliances, and unilateral contract-based alliances.

All the above reflects organizational cohesion and complexity present in partnerships, which eventually demonstrates the performance of individual partners.

Here are a few basic characteristics to consider before setting the industry partnership:

• The core competencies and competitive advantages
• Current and projected influences on the industry and the competitive environment
• Current and future constraints on resources and operations
• Possibilities, probabilities, and capabilities in the organization today
• Previously pursued opportunities that did and didn’t work
• Changes required in organizations
• A current financial position which includes debt, equity, cash, etc.