1. Discuss what the following statement means: ‘It can take years for a buyer/seller partnership to begin delivering results.’
The reason why it can take a long time to begin delivering results is because the supplier must involve in day-to-day redesign support and process improvement. This whole process will take a long time. In order to build a trust between supplier and a company the supplier should take the action to improve a trust relationship.
2. Discuss the advantages of having point-to-point contact (Exhibit 1) between functional groups at different companies. Are there any disadvantages to this approach?
A Good advantage of having point-to-point contact between functional groups at different companies is being able of having a direct contact. Having a direct contact and sharing information between companies could save a lot of time to make a process run faster. Also sharing information will give both companies a current update. On the other hand, most companies agree on having point-to-point contact, therefore if there is any disadvantage about this contact it could be because one of the part won’t agree for some company reasons.
3. What role does trust play in the relationship between Whirlpool Corporation and Inland Steel? Provide examples from the case that illustrate trust within this relationship.
In order to build a strong relationship between companies there must be a trust. So trust played a big role in this case. A good example in this case was that inland steel “concern that a single-sourcing policy might cause it to lose touch with the market”. On the other hand, whirlpool “concerned about the technological risks of relying on only one supplier”. However, building a trust relationship b...
... middle of paper ...
... the bumps, hurdles, or conflicts by setting up a meetings every time the firms needed to. Also by sharing the reports to minimize any risks and find a solution. Also by updating each firm by the other part activities will minimize the risk.
9. What is a supplier council? What role does a council have in supporting the strategic supplier alliance between Whirlpool Corporation and Inland Steel?
Supplier council is a group that played a huge role to the relationship between both companies. The group helped both companies of sharing the strategies and tactics between them so they can have an update of each part activates.
10. What might cause an alliance or partnership to end?
It could be the end of a contract and one of the part are looking for another alliance. Another cause could be because of the supplier cannot provide some of the parts of what the company wants.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The Irish model of social Partnership has received little more that lip service in the Caribbean. Evaluate the strength, weaknesses, opportunities and threats of this concept in the Caribbean. What is Social Partnership Social partnership refers to cooperation among government, the private business sector and labour on strategies to address immediate and long-term economic and social challenges. Such strategies can include controls on wages and prices, as well as tax reform. Social partnerships are, therefore, overarching in their aim to provide stability for national growth and development.... [tags: Social Partnership]
2075 words (5.9 pages)
- Companies and partnership law assessment Question1: Liability are made of two parts contractual liability and tort liability. According to Kendall v Hamilton , creditors have only one opportunity to sue partners who have jointly liable for contractual obligations. However, creditors can sue several times in tort liability. There are different situation in contract about the liability. Firstly, if partner signs contract with actual authority and for purpose of partnership , based on s 9 (1) all partners have jointly liable.... [tags: Partnership, Corporation]
1234 words (3.5 pages)
- Partnerships General partnership. A general partnership is utilized when two or more people want to start a business. In most respects, the business is divided equally between the owners which includes, profits, debts and management of the business and any losses to the business are to be deducted from personal taxes. Mann & Roberts (1979) comments although not required, development of written agreements concerning the division of the business and how it will be managed removes doubt and ensures everyone is traveling in the same direction (p.... [tags: Corporation, Limited liability partnership]
788 words (2.3 pages)
- Then there are the disadvantages in a partnership business and there are only disadvantages liability, asset exposure, and continuity of business, selling the partnership, limitations to partners admitted, and tax return. Legal liability: If you’re not structuring your business as a corporation, realize that a general partnership brings with it personal liability for all the business’s obligations and debts. If the company gets sued or hauled into bankruptcy court, all fines are the responsibility of the individual partners.... [tags: Corporation, Partnership]
722 words (2.1 pages)
- Before a partnership formation is imminent, the business needs to decide on which type of partnership to form. There are three types of partnerships: (1) general partnerships, (2) limited partnerships, and (3) joint ventures. All three partnerships contain two or more owners, but all partners assume equal division of ownership, liabilities, and profits in a general partnership. Limited partnerships offer limited liability protection based on each partner’s contribution percentage. Joint ventures are classified as general partnerships with limited existence periods.... [tags: Partnership, Corporation]
883 words (2.5 pages)
- Communication in Partnerships Today’s business environment relies heavily on communication. Partnerships also cannot survive without communicating what one side of the party wants and needs from the other verbally or nonverbally. Nevertheless, corporations that join need to plan out a communications plan what this joint venture can do for each other. The scope of this discussion covers the elements in partnership communication plan, the key factors in proposed communication plans in partnerships, and the key factors of frequently planned communication.... [tags: Corporation, Partnership, Communication]
788 words (2.3 pages)
- Question One Introduction Nowadays, trading between people and country become easier and easier. With the boom of economic, a consideration of starting a new business is very important. Common business structures including Sole Trader, Partnership, Joint Venture, and Corporations. Among those structures, partnership and corporations are the most popular structures for creating a business. This essay will discuss all of them point by point. Cost-Effective When we say that partnership is easy to establish, the first thing comes out is that partnership doesn 't need to be registered.... [tags: Corporation, Partnership]
2139 words (6.1 pages)
- Monopolistic markets are controlled by one seller only. The seller here has the power to influence market prices and decisions. Consumers have limited choices and have to choose from what is supplied. The monopolist asserts all the power while the consumer is left with no choice. This market condition usually arises from mergers, take-overs and acquisitions. Oligopoly, on the other hand, is a market condition where numerous sellers co-exist in the market place. This market situation is very consumer-friendly because it induces competition amongst sellers.... [tags: Monopoly, Competition, Oligopoly, Economics]
1315 words (3.8 pages)
- Case 18-3: Limited Partnership The legal issue in the McBeth versus Carpenter case involves the question of whether James Carpenter’s purchase and selling of the Texas property, without notifying Sandra McBeth, constitutes a breach of fiduciary duties under the limited partnership contract. The rule of law in this case is the fiduciary duties of partners under the law of limited partnerships (LP). A Limited Partnership is a public and formal process that must follow statuary requirements. The formation of the LP contract must have at least one general partner and one limited partner along with a signed certificate of limited partnership (Cross & Miller, 2015).... [tags: Partnership, Corporation]
1221 words (3.5 pages)
- Global Partnerships The world markets today are full of international partnerships. Notably, businesses need an overseas partner to help navigate foreign policies, business, and customs. Moreover, cross-cultural partnerships succeed because human resources (HR) have a hand in providing relative information to corporate management in candidate selection. All in all, organizations must analyze the factors that drive companies to international alliances, HR contributes sound advice to the executive management team before joining with potential partners, and HR is making a move toward decision-making process in partner collaboration.... [tags: Management, Corporation, Partnership]
1160 words (3.3 pages)