THE THEORIES ON PARTNERSHIPS Sample Clauses

THE THEORIES ON PARTNERSHIPS. Effective partnering concepts are normally based on a scientific theory or theories, and the discussion hereunder will focus on two theories of partnering, namely: the transaction cost theory, and the resource-based theory. According to the transaction cost theory, which was formulated by Xxxxxxxxxx (1985: 45), as firms strive to balance cost (efficiency) and control (protection) issues, a mix of hierarchies and markets will emerge to manage the transaction. The transaction cost theory, according to Xxxxxx and Xxxxxxx (2008: 54), is governed by three components: asset specificity, small numbers of transactors, and imperfect information. Xxxxxxx (2005: 5), a proponent of the transaction cost theory, states that partnering is seen as a way to facilitate the reaching of more pareto-efficient allocations, by lowering transactions costs for renegotiations, through trust and reciprocity. The resource-based theory represents an alternate view of entry mode choice that accentuates resource accumulation as a possible source of enduring competitive advantage for firms (Xxxxxxx 1958). This view of the firm rests on two assumptions for analysing competitive advantage: First, firms may be heterogeneous with respect to the resources they control in the sense that they develop or accumulate resources differently over time because of their own unique histories. Second, many resources are imperfectly mobile, such as valuable land or access to unique raw materials, and can lead to sustained differences (heterogeneity) between firms that actually can grow over time (Barney 1991: 779). These resources can include tangible components such as plant, machinery and skilled personnel and intangibles such as reputation, specialized know-how of production processes, marketing expertise, and trade industry contacts (Wernerfelt 1984: 176). The lack of unique, inimitable resources drives a firm’s decision to seek external sources of assets that can provide a way for the firm to achieve competitive advantage (Xxxxxx 1991: 64). In the next section, the development stages of partnering in South Africa are examined.
Sample 1
AutoNDA by SimpleDocs

Related to THE THEORIES ON PARTNERSHIPS

  • Partnerships If Contractor is an association, partnership, or other joint business venture, the basic coverage may be provided by either (i) separate insurance policies issued for each individual entity, with each entity included as a named insured or as an additional insured; or (ii) joint insurance program with the association, partnership, or other joint business venture included as a named insured.

  • Community Partnerships The Contractor must submit a Communication Plan (“Plan”) developed with each Housing Assessment and Resource Agency (“HARA”) within their assigned Region(s):

  • No Partnership, etc The Lenders and Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement, the Notes or in any of the other Credit Facility Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Lenders and Borrower or any other Person.

  • PROFESSORS, TEACHERS AND RESEARCHERS 1. An individual who is a resident of a Contracting State immediately before making a visit to the other Contracting State, and who, at the invitation of any university, college, school or other similar educational institution which is recognized by the competent authority in that other Contracting State, visits that other Contracting State for a period not exceeding two years solely for the purpose of teaching or research or both at such educational institution shall be exempt from tax in that other Contracting State on any remuneration for such teaching or research.

  • TEACHERS AND RESEARCHERS 1. An individual who is a resident of a Contracting State immediately before making a visit to the other Contracting State, and who, at the invitation of any university, college, school or other similar educational institution, visits that other State for a period not exceeding two years solely for the purpose of teaching or research or both at such educational institution shall be exempt from tax in that other State on any remuneration for such teaching or research.

  • Entities that Boycott Energy Companies In accordance with Senate Bill 13, Acts 2021, 87th Leg., R.S., pursuant to Section 2274.002 (eff. Sept. 1, 2023, Section 2276.002, pursuant to House Bill 4595, Acts 2023, 88th Leg., R.S.) of the Texas Government Code (relating to prohibition on contracts with companies boycotting certain energy companies), Contractor represents and warrants that: (1) it does not, and will not for the duration of the Contract, boycott energy companies or (2) the verification required by Section 2274.002 (eff. Sept. 1, 2023, Section 2276.002, pursuant to House Bill 4595, Acts 2023, 88th Leg., R.S.) of the Texas Government Code does not apply to the Contract. If circumstances relevant to this provision change during the course of the Contract, Contractor shall promptly notify System Agency.

  • Business Partners Red Hat has entered into agreements with other organizations (“Business Partners”) to promote, market and support certain Software and Services. When Client purchases Software and Services through a Business Partner, Red Hat confirms that it is responsible for providing the Software and Services to Client under the terms of this Agreement. Red Hat is not responsible for (a) the actions of Business Partners, (b) any additional obligations Business Partners have to Client, or (c) any products or services that Business Partners supply to Client under any separate agreements between a Business Partner and Client.

  • PROFESSORS AND RESEARCHERS 1. An individual who is a resident of a Contracting State immediately before making a visit to the other Contracting State, and who, at the invitation of any university, college, school or other similar educational institution, which is recognized by the competent authority in the other Contracting State, visits the other Contracting State for a period not exceeding two years solely for the purpose of teaching or research or both at such educational institution shall be exempt from tax in the other Contracting State on his remuneration for such teaching or research.

  • Entities If the undersigned is not an individual but an entity, the individual signing on behalf of such entity and the entity jointly and severally agree and certify that:

  • Vlastnictví Zdravotnické zařízení si ponechá a bude uchovávat Zdravotní záznamy. Zdravotnické zařízení a Zkoušející převedou na Zadavatele veškerá svá práva, nároky a tituly, včetně práv duševního vlastnictví k Důvěrným informacím (ve smyslu níže uvedeném) a k jakýmkoli jiným Studijním datům a údajům.

Time is Money Join Law Insider Premium to draft better contracts faster.