Collaboration and Partnerships Assignment Sample

Introduction - Collaboration and Partnerships Assignment

Partnership may be defined as a framework where two or more than two people working with each other to develop or accomplish same thing or objective. Collaboration is the kind of procedure in which two or more individuals, business corporations or entities working with each other so that they goals and objectives can be achieved prominently. Collaboration and partnerships both can increase creativity and innovation at high level in the organisation and contribute to success of the business. Through sharing opinions, ideas, knowledge and resources, the company can achieve greater success and meet the expectations of clients. For this project Tesco PLC has been selected, a leading UK-based supermarket chains, that operates across the UK and other countries. The company offers food and non-food products to the customers. The main aim of this report is to explain the role of collaboration & partnerships and their impact on organizational success. This report will explain about the scope and value along with the influence of legal and organisational frameworks on collaboration and partnerships. This report will describe about the various strategies as well as principles for creating collaboration and partnerships a success. In second part, this report will also present the rationale for the creating a partnership to further corporate success.

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TASK-1

1.1 Scope and value of collaboration and partnerships to support accomplishment of objectives

Collaboration and partnership refers to the contracts and actions created from the consenting corporations to share available resources to achieve a mutual goal. Collaboration and partnership is a kind of act of creating or developing something together. Partnerships can take place among two persons or many people or business organisations so that they can fulfil their desires as well as customer’s needs and demands. Tesco is well-known company that offer food, non-food products and many other services. The organisation highly focuses on their strategic objectives and goals and considers all aspects while making objectives for the business.

The strategic objectives of the Tesco are as follows:

• To serve consumers a little better each day to become strong brand and creates long-term value.
• To reduce the operational costs by identifying more opportunities.
• To build sustainable profitability across channels, product ranges and businesses
• To maximise the value of the business by the property to further improve the customer offer
• To reduce the environment impact and promote a healthier living way (Tesco PLC, 2017)
• To become champion for the customers and helping them to enjoy their life by their affordable products
• To enhance the innovation to attract more customers, clients and investors
• To facilitate the shoppers in management of their money in better way everyday

To accomplish all these strategic objectives, Tesco can pay attention on collaboration and partnership. Thus, by doing partnership with other company which offers similar services can be highly attractive for Tesco in terms of expanding business and generating high profit margins. Tesco is multinational corporations and operate different type of businesses that means it does not rely on single business. The company is currently operating in different segments such as; retailing, retail banking, insurance services, Tesco Mobile, Booker Group, Tesco Tech support (Oliveira‐Duarte et al, 2021). The scope of the collaboration and partnership for Tesco is wider. The company can use their strengths and large product folio to make partnership with other companies and accomplish the strategic objectives efficiently.

Although, Tesco is global company but the company does not have any good partnership which can facilitate to increase sales and revenue. For example: Tesco can collaborate with the Booths which is food, wine and grocery supermarket in the England. The company has many branches in all over the England and known as high-end supermarket chain. It will be helpful for the Tesco if they collaborate with the Booths as it will allow Tesco to sell their products in Booths supermarket. Tesco can serve lot of customers every day and it will surely increase the base of the loyal customers and thereby enhances Tesco sales and helps in meeting the business objectives. Furthermore, Tesco also deals is clothing products so, they can make partnership with the TopShop which is UK-based fast fashion company (Mariani et al, 2022). By collaborating with the TopShop, Tesco can increase the sales of their clothing product and meet their objectives and goals. Both partner companies can also share resources, expertise, information, technology and many more. These are helpful to operate the business activities and functions in effective manner. Partnership also helps firm in overcoming the issues and challenges related to the high cost, low profit etc.

Tesco also provides banking, insurance and internet services to the customers and helps them in managing their money. The company can expand its banking business and achieve objectives related to it through collaborating with other banking firms. Tesco can make partnership with Allica Bank which is British bank and offers the range of financial services. If the company makes the strategic partnership with the Allica Bank then it can be extremely fruitful for the Tesco in terms of increasing customer base (Nurdiana et al, 2023). This partnership will enable Tesco to sale their services and banking products to more customers and earn high profit margins. The organisation will able to offer more banking related services and unlock the greater value for the customers as well as business. Tesco can also take financial advice and guidance from the Allica Bank because it is one of the leading bank in the UK. Overall, Tesco, should focus on the partnership and collaboration with other corporations to achieve strategic objectives. By taking into account all these aspects it can be stated that scope and value of partnership & collaboration is high for Tesco.

1.2 Impact of organisational and legal frameworks on collaborations and partnerships

Organisational framework is a kind of policies and procedures which employees and other people associated with the business are expected to comply with. The organisational framework explains the goods and services flow within the firms and also who will be accountable for taking the informed decisions regarding the procedures, product development and business ventures. Tesco has adopted and implemented the hierarchical organisational structure and upper management, supervisors and employees are divided in different teams and levels. These documents or frameworks guide the actions of the business and workers. Tesco is well-recognised company also has excellent organisational framework that help them to operate the business effectively. Legal framework refers to the set of documents which involve the regulations, contracts, constitution and legislation. Legal frameworks differ from country to country and every company must follow the legal rules to reduce the risk of legal charges. Both organisational and legal framework highly impacts the collaboration and partnership.

The legal frameworks regulating the partnerships as well as joint ventures and these frameworks are complex and include the business law, competition law, antitrust act, tax regulations and contract law. It is crucial for the both partners to understand these legal legislations is important for reducing challenges, encouraging long-term viability related to combine efforts and guaranteeing compliance. Recently, Tesco has made partnership with the Barclays in order to offer the Tesco’s banking related products and services to the large customers. Tesco and Barclays made partnership with each other to increase the business profitability. Tesco agrees for long-term partnership with the banking firm Barclays in order to provide Tesco-branded banking services to the customers. Under the legal and terms and conditions of the contract, the Barclays will receive yearly income for utilise the Tesco for creating customer base by Tesco platforms (Tesco PLC, 2024).

Partnerships between the two companies are regulated by the Partnership Act 1890 within the United Kingdom and were developed by the Parliament. This act oversees the rights and responsibilities of individuals and corporations doing business in partnership. Legal framework provides the structure Regulation and agreement control the development of business partnerships, including entity, rights and obligations (Hardman, 2021). The companies need to follow the legal process which is regulatory obedience, entity selection and any contract. Under the legal and organisational frameworks, dispute-resolution processes are necessary to every business partnerships. Conflicts, differences and breaches of agreed terms and conditions unavoidably arise. In this case, dispute-resolution system provides help and solves the issues between two partners.

Legal frameworks like Business Law and other policies are effective methods to protect the rights of the shareholders. It maintains the principle of liability, fairness and transparency within the corporate governance. It provides power to the both business partners to participate in decision-making process and take final decision regarding business. Tesco and Barclays also adhere to all legal rules, regulations and frameworks so that they can carry out the business activities in effective way and make a successfully partnership. In collaboration and partnerships, if any company failed to follow the rules then they can take involve the higher authorities and solve the problems (Tesco Bank, 2024).

1.3 Strategies along with principles to make successful collaboration and partnerships

Strategies and principles will allow Tesco to act quickly through making useful decisions and choices. In terms of partnerships and collaboration, strategies and principles are crucial to drive the success. There are numerous strategies and principles that help Tesco in gaining success within the partnerships.

Define clear goals – A successful partnerships starts with the shared values and vision. Before making any partnerships and collaboration, it is necessary to take sufficient time to clearly define the objectives and what both firms and partners hope to accomplish. It not only facilitates Tesco to align their goals and objectives but also serves as base for evaluating success. Clear and well-established goals can range from maximising market share and profit margins and expanding business into new regions and countries to enhance product offerings and services and minimising the costs. Clear objectives will act as an initial step in the successful collaboration and partnership. If Tesco will make relevant goals have chances to get profit in partnerships.

Selection of the right partners – Choosing right partners is the most important step in the collaboration and partnership journey. If Tesco wants to make partnerships can look for corporations which share their values, ethics, complement their strengths and bridge the gaps. Tesco should conduct detailed analysis in order to make sure that their possible partners have powerful track record, image and financial stability (Morton et al, 2022). A successful collaboration and partnerships is established on the trust, belief and mutual respect.

Open and efficient communication – A strong and effective communication is a vital factor of any successful collaboration. Tesco can develop robust plan related to communication from the outset that involves regular meetings, platforms for addressing problems and status updates. It is important to note that transparency is a major factor in partnerships. The partners have to be open regarding different issues as well as successes to enhance an environment of trust and co-operation. Tesco can use different forms of communication such as; video conferencing, instant messaging, email and audio calls. All communication channels are highly effective and help to interact with partnership firms on regular basis without meeting face-to-face. So, it is necessary for corporations to focus on building strong communication network to achieve common goals effectively.

Collaborative problem-solving – Partnerships and collaboration are not resistant to problems and issues. When problems happen while doing the business, both partners need to approach problem-solving co-operatively. Rather than pointing out fingers on other person or firm, it is important for Tesco to work with each other and figure out the root causes of the problem. Organisations should help each other and discover the alternative solutions for the problems. It not only solves urgent issues but also provide strength to the partnership through showing the commitment and dedication to its success.

Measure performance – Constantly evaluate the performance of partnership against the goals that set by the firms at the starting is necessary. Tesco must utilise key performance indicators to evaluate the success as well as discover the areas of improvements. After that, they can alter their strategies and tactics based on the information, data and review. It can help to make sure that the partnership stays on the path to success (Chambers et al, 2022).

Celebrate success – It is crucial for the Tesco and their partners to celebrate each milestone along with successes. Acknowledging accomplishments facilitates to enhance the morale as well as supports partnership values. Provide appreciation to each other’s hard work and contribution improves positive partnership environment which further help to get success in various ventures.

TASK-2

Topic- The rationale for collaboration to further organisational success in context of Tesco

2.1 Presenting rationale behind developing a collaborative relationship to further corporate success

Identification of the opportunity or need for collaboration

Collaboration led to facilitate the positive culture within organisation that stimulates the motivation in employees. Collaborative relationship in business needs to be developed as it is linked with specific objectives, project and business needs (Awasthy et al, 2020). Collaborative culture promotes organisational success and enhances the growth and profitability of the business. TESCO is one of the leading retail organisations established in the UK, the firm believes in implementation of collaboration within business and it is enabling company to achieve higher growth (TESCO, 2023). Findings have shown that TESCO has been collaborating with charity association and other social institution in order to develop effectual image within society (Collaborative approach in TESCO, 2023). By implementing collaboration company is able to perform their corporate social responsibilities [CSR]. Compliance to CSR has been proven highly essential as this contributes in gaining organisational success. Hence, company has effectively achieved their business requirements and objectives related to CSR. Apart from this, organisation is looking forward to collaborate with employees in order to develop a flexible work environment where stress can be reduced and support can be assured to team members (Bauer, AbouAssi and Johnston, 2022). A leader in the organisation is accountable for developing favourable working conditions so that members can feel valued and motivated. Thus, by promoting collaborative environment at the workplace support can be assured to the team members.

The opportunity to collaboration can be identified by undertaking communication with employees and attending the industry specific meetings and networking events. This led to develop insights related to adopting collaborative approach within the business which further contributes in achieving set and specific goals (Awasthy et al, 2020). The consistent interaction with employees supports in identifying the loopholes which are creating barriers in the organisation success and accordingly further decision can be taken. Collaborative relationship is just not limited to enhancing organisational progress. It is a wider concept that covers empathy, social well-being and needs of employees. The collaborative environment in TESCO has developed significant opportunities for employees in terms of sharing their doubts and issues and accordingly further actions could be taken that are important for enhancing organisational success (Collaborative approach in TESCO, 2023). The contextual information is depicting that it is highly important to promote collaboration at the workplace as this contributes in developing effectual interaction between team members and leaders and accordingly higher productivity can be gained. Along with this, collaboration needs to be made with other institution as well so that effectual outcomes can be gained and wider network can be developed (Awasthy et al, 2020). Hence, by attending different meetings and programmes the opportunities can be witnessed and effectual outcomes can be gained.

Rationale for developing collaborative relationship and how it contributes in corporate success-

Below mentioned are the major benefits of collaboration that contributes in organisational success for TESCO-

Customer centric

Workplace collaboration makes it easier for organisation to undertake innovative ideas and technologies that works on the basis of customer preferences. Theory of Reasoned Action [TRA] determines about an individual behaviour that contributes in their purchasing power. Collaborative relationship with customers focuses on this theory and accordingly preferences of customers has been analysed and, in this manner, behavioural pattern of customer is known and further actions are taken (Castañer and Oliveira, 2020). TESCO has been emphasising on this area and accordingly the company is providing discount and wide range of products to customers and effectual collaboration has been implemented (Collaborative approach in TESCO, 2023). As a result, higher satisfaction has been assured to consumers and company is able to gain effective image in the market.

Flexibility working

The collaboration at the workplace enables employees to share their issues with each other, team members can share their doubts with leaders and accordingly they get the support. The collaboration at the workplace led to reduce the stress abilities in employees and contributes in enhancing over-all satisfaction of the employees. Employers in TESCO believe in supporting employees and task has been allocated to as per the preferences of staff members (Collaborative approach in TESCO, 2023). Further, flexible working hours policy has been adopted in the company that led to stimulate the work efficacy of employees (Castañer and Oliveira, 2020). This further results in enhancing the productivity of employees and contributes in creating significant support for them. When employees become productive then, this ultimately led to contribute in the organisational success.

Motivation to employees

Maslow theory of motivation states that an individual mainly has five needs and those are physiological, safety, social, self-esteem and self-actualization. The social needs of employees are associated with developing healthy interaction at the workplace and this is only possible when organisation has collaborative working environment (Gervasi et al, 2020). In TESCO collaborative relationship has been promoted which led to enhance the interaction among employees and full-fills their social needs (Collaborative approach in TESCO, 2023). Furthermore, this contributes in full-filling the esteem needs as well, collaboration with employees enhances their emotional intelligence [EI] capabilities that contributes in full-filling esteem needs. Hence, there is no doubt in stating that collaborative environment at the workplace led to create motivation for employees and enhances their productivity to greater extent.

Effective leadership

The leadership approach at the organization becomes more effective when collaboration has been implemented. For instance- TESCO has adopted democratic leadership style and accordingly opinions of employees have been taken in consideration before implementation of decisions (Collaborative approach in TESCO, 2023). In this manner, effectual interaction between leader and employees can be maintained. A leader needs to adopt collaborative approach so that needs and requirements of the employees can be analysed and accordingly actions can be taken. This results in enhancing the satisfaction of students and further enables them to perform their task in productive manner. This results in enhancing the productivity of the organisation.

Wider network

When an organisation collaborates with different institution then this led to increase the reach of the company. For instance, TESCO has collaborated with WWF with the aim of covering wide range of sustainability issues. The motive of the business is to promote social good by creating collaborative relationship (Collaborative approach in TESCO, 2023). This supports in enhancing the productivity of business and further contributes in gaining effectual image in the market. Thus, collaborative approach provides opportunity to business in terms of increasing their network. Therefore, it is considered as highly essential with regards to enhancing organisation productivity.

Improves decision making

The collaborative decision-making is concerned with diverse opinion of the employees. Team members share their ideas and thoughts with leaders which led to enhance the decision making. Effective decision making is directly linked with the success of organisation and when employees has been given opportunity to share their ideas then, this led to increase the sense of belongingness in them and further contributes in higher productivity (Marion and Fixson, 2021). Thus, collaboration led to enhance decision making in the company and contributes in gaining higher productivity. Therefore, collaborative environment requires to be implemented in the organisation so that collective decision making can be encouraged and appropriate actions could be taken. In this manner, significant outcomes can be gained by the company and organisational success can be enhanced to higher extent.

Conflict resolution

Modern theory of conflict management determines conflict as an inevitable result of human interaction. However, when there is effectual understanding established among the individuals then, this reduces the extent of conflicts and a collaborative approach can support in establishing relationship among employees (Marion and Fixson, 2021). Henceforth, this can be said that collaboration can led to reduce the conflicts and helps in undertaking conflict management. For example- TESCO has adopted collaborative approach and this is supporting company in terms of undertaking conflict management procedure (Collaborative approach in TESCO, 2023). Lack of conflicts among employees helps in increasing the motivational level which ultimately leads enhancement of employee’s productivity to greater note.

Promotes teamwork

The Tuckman’s team model is concerned with five stages such as forming, storming, norming, performing and adjourning. In these stages one thing is common and that are collaboration, thus, in order to implement effectual team management within the business it is important to adopt collaboration (Nsanzumuhire and Groot, 2020). Collaboration is linked with enhancing teamwork and this further contributes in developing significant support for team members and leaders. Effective team management led to gain significant outcomes and contributes in enhancing the growth of the organisation. In similar manner, leaders in TESCO are effectively managing the team by implementing collaborative practices. This is creating support for the business and further contributing in gaining progress (Collaborative approach in TESCO, 2023).

Effective communication

Communication has been proven significant element in organisational success. Providing constructive feedback to the subordinates within undertaking routine communication provide them chance to focus on the areas of development. Effectual communication is not possible without undertaking collaborative approach (Weingart et al, 2023). The collaborative relationship between employers and employees develops an environment in which effectual communication can be undertaken and significant support can be ensured to employees. In this manner, sense of belongingness can be developed in subordinates and they can be motivated to perform in productive way. Thus, in this manner organisation can gain higher productivity. TESCO is able to undertake effectual communication due to collaborative environment in the organisation and this is enabling firm to gain higher success.

Thus, the above-mentioned points are clearly depicting that it is important for leaders to develop and promote a collaborative relationship in company as this led to contribute in organisational success.

Success indicators

Key performance indicators for measuring collaboration are-

Communication and interaction-based metrics

This proves to be valuable KPI in current context as this concerned with identifying the number of meetings and interaction undertaken with the employees. This shows about the extent of collaboration within organisation (Nugraha et al, 2021). When employees attend meeting on consistent note then, it determines that their values have been considered and this led to develop significant motivation in them. Thus, communication and interaction-based metrics led to create effectual support in identifying the extent of collaboration undertaken in the organisation.

Knowledge-sharing

This is further considered as the important metrics that aligns with sharing of the expertise metrics such as- knowledge base and participation undertaken within knowledge sharing platform (Odziemkowska and McDonnell, 2024). Thus, it can be analysed that up-to what extent knowledge has been shared among employees. In this manner extent of collaboration can be witnessed within the organisation.

Employee engagement and retention rates

This significantly specifies about the collaboration levels in the business. Hence, it is important to identify the engagement and retention rate so that this can be known whether employees are motivated or not (Zhang et al, 2023). For example- higher engagement and retention rate in TESCO indicates that an effectual collaborative environment has been implemented in the organisation and this is creating support for employees (Collaborative approach in TESCO, 2023). Hence, by looking towards the engagement and retention rates ideas can be gained and appropriate decision can be taken.

Feedbacks

Feedbacks from employees supports in identifying about the loopholes and challenges that are creating major barriers. Therefore, it is important to take feedbacks from employees so that significant actions can be taken accordingly. The leaders become able to know that where they are lacking and what further actions are needed to enhance the motivation and satisfaction level of employees (Santistevan, 2022). Thus, in this manner effectual outcomes can be gained and collaborative relationship can be developed. Thus, TESCO has been taking consistent feedbacks from the employees and this is enabling company to take appropriate actions that is leading to enhance employee motivation.

The aforementioned are the major indicators that have been used for identifying collaboration level within TESCO.

CONCLUSION

Conclusively; this can be said that it is important to develop a collaborative relationship at the workplace as it contributes in gaining higher organisational productivity. It enhances the satisfaction level of employees and develops sense of belongingness in them. Thereby, leaders need to undertake consistent communication with subordinates and accordingly further decision must be considered. This stimulates the motivation in employees and enable them to perform in productive manner. As a result, organization become able to gain the success and higher network can be reached. Thus, it can be said that collaborative environment contributes in enhancing productivity of organisation.

REFERENCES

Books and Journals

• Awasthy, R., Flint, S., Sankarnarayana, R. and Jones, R.L., 2020. A framework to improve university–industry collaboration. Journal of Industry-University Collaboration, 2(1), pp.49-62.
• Bauer, Z., AbouAssi, K. and Johnston, J., 2022. Cross-sector collaboration formality: the effects of institutions and organizational leaders. Public Management Review, 24(2), pp.159-181.
• Castañer, X. and Oliveira, N., 2020. Collaboration, coordination, and cooperation among organizations: Establishing the distinctive meanings of these terms through a systematic literature review. Journal of management, 46(6), pp.965-1001.
• Chambers, J.M., and et al, 2022. Co-productive agility and four collaborative pathways to sustainability transformations. Global Environmental Change, 72, p.102422.
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• Gervasi, R., Mastrogiacomo, L. and Franceschini, F., 2020. A conceptual framework to evaluate human-robot collaboration. The International Journal of Advanced Manufacturing Technology, 108, pp.841-865.
• Hardman, J., 2021. Reconceptualising Scottish limited partnership law. Journal of Corporate Law Studies, 21(1), pp.179-217.
• Mariani, L., and et al, 2022. Achieving sustainable development goals through collaborative innovation: Evidence from four European initiatives. Journal of Business Ethics, 180(4), pp.1075-1095.
• Marion, T.J. and Fixson, S.K., 2021. The transformation of the innovation process: How digital tools are changing work, collaboration, and organizations in new product development. Journal of Product Innovation Management, 38(1), pp.192-215.
• Morton, B., and et al, 2022. Consensus statement on measures to promote equitable authorship in the publication of research from international partnerships. Anaesthesia, 77(3), pp.264-276.
• Nsanzumuhire, S.U. and Groot, W., 2020. Context perspective on University-Industry Collaboration processes: A systematic review of literature. Journal of cleaner production, 258, p.120861.
• Nugraha, C.D., Juliarti, H., Sensuse, D.I. and Suryono, R.R., 2021, November. Enterprise Social Media to Support Collaboration and Knowledge Sharing in Organization. In 2021 5th International Conference on Informatics and Computational Sciences (ICICoS) (pp. 165-170). IEEE.
• Nurdiana, R., and et al, 2023. COLLABORATIVE PARTNERSHIPS FOR DIGITAL EDUCATION TO IMPROVE STUDENTS'LEARNING ACHIEVEMENT AT THE INSTITUTE OF ISLAMIC RELIGION OF SULTAN MUHAMMAD SYAFIUDDIN SAMBAS, INDONESIA. International Journal of Teaching and Learning, 1(1), pp.1-15.
• Odziemkowska, K. and McDonnell, M.H., 2024. Ripple effects: How collaboration reduces social movement contention. Strategic Management Journal, 45(4), pp.775-806.
• Oliveira‐Duarte, L., and et al, 2021. Innovation Ecosystem framework directed to Sustainable Development Goal# 17 partnerships implementation. Sustainable Development, 29(5), pp.1018-1036.
• Santistevan, D., 2022. Boundary-spanning coordination: Insights into lateral collaboration and lateral alignment in multinational enterprises. Journal of World Business, 57(3), p.101291.
• Weingart, L.R., Jehn, K.A. and Krueger, K.L., 2023. Manage intrateam conflict through collaboration. Principles of Organizational Behavior: The Handbook of Evidence‐Based Management 3rd Edition, pp.403-427.
• Zhang, R., Shi, J. and Zhang, J., 2023. Research on the quality of collaboration in project-based learning based on group awareness. Sustainability, 15(15), p.11901.

Author Bio

Kennedy Watson   5 years | MBA

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