Tuesday, November 12, 2013

WE HANG TOGETHER

-Benjamin Franklin used this phrase during the signing of the Declaration of Independence
- "Strategic alliances": incomplete contact between two firms, where each partner has limited control; a type of interdependence
-  Charles Darwin described the struggle for existence as " a plant on the edge of a desert is said to struggle for life against the drought, though more properly it should be said to be dependent on the moisture. " This vaguely means that to survive, firms should be more focused on attracting "moisture" then fighting each other.
- Interdependence depends on communication and trust
- The type of individualism taught in schools, "going it alone," is not actually very helpful in the real world, where you need to know how to work with others and compromise to get the job done. American culture puts a pedestal on people that "do it all for themselves," or heroes, but in reality that type of independence isn't necessary or helpful
- A collaborator must be able to justify his investment in a strategic relationship by promoting the benefits of it or creating fear about the ramifications of it.
- People can enter a strategic relationship out of self-interest, but in the relationship must be willing to do for the other party what the other party would do for them.

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