Abstract
Management of different types of partnerships plays a decisive role in company performance. Complex business ventures, such as those created to serve low-income populations, usually include both cross- and same-sector partnerships. However, the initial diversity featured in these alliance portfolios diminishes as companies take their ventures up to scale. This article develops theoretical propositions about the evolution and configuration patterns of portfolios that include both cross- and same-sector partnerships. Two longitudinal case studies serve to illustrate the theoretical framework developed for alliance portfolios that include both types of partnerships. Companies that create such portfolios adopt partnership strategies that follow paths also identified in the evolution of portfolios only made up of partnerships with other private firms: i.e., an evolution from adapting to shaping and exploiting strategies.
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Notes
While these authors—and a good portion of the literature—use the term “alliances,” in this article we will use “partnerships" instead. We will only keep the term when referring to “alliance portfolios.”
The adjective “heterogeneous” denotes differences in sector (i.e., for-profit and non-profit) among the organizations that participate in an alliance portfolio. Of course, same-sector partnerships and portfolios do include organizations that differ in important dimensions—size, industry, market positioning, among others. Even recognizing the relevance of those differences, portfolios that only include for-profit partners will be called “homogeneous” in this paper.
Complementors may be defined as partners whose outputs or functions increase the value of the company's own innovations. (Munksgaard and Freytag 2011).
Strategic fit is related to the congruence of strategies and objectives between partners. The organizational design of a partnership that includes control mechanisms, conflict handling and exit barriers, is at the basis of structural fit. And cultural fit refers to the fit between partners’ values, openness, and risk orientation (Swoboda et al. 2011).
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Gutiérrez, R., Márquez, P. & Reficco, E. Configuration and Development of Alliance Portfolios: A Comparison of Same-Sector and Cross-Sector Partnerships. J Bus Ethics 135, 55–69 (2016). https://doi.org/10.1007/s10551-015-2729-7
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DOI: https://doi.org/10.1007/s10551-015-2729-7