One way to minimize the risks associated with collaboration is to
A) increase the number of collaborations in which the company engages in order to gain experience in managing them.
B) use quantitative tools to screen out unsuitable partners.
C) establish appropriate monitoring and governance mechanisms.
D) incorporate no-liability clauses in all collaboration contracts.

Question

Quizplus · Accepted Answer

Establishing appropriate monitoring and governance mechanisms can help minimize risks associated with collaboration. This includes clearly defining responsibilities, setting performance metrics, and regularly reviewing progress. It is important to have a structured monitoring system to ensure that all parties are meeting their commitments and to address any issues in a timely manner. This can help prevent problems from escalating and ultimately damage the collaboration.

One Way to Minimize the Risks Associated with Collaboration Is