Introduction John C. Maxwell, the renowned author, once said, “Teamwork makes the dream work, but a vision becomes a nightmare when the leader has a big dream and a bad team.” Teamwork or collaboration is essential for success when the ultimate objective involves different people or teams working together. The research by Madge B. Haughton (2010), explores how American firms use collaboration (teamwork) to be successful in China. The research explores the key factors for success but also looks at some of the challenges that hinder effective collaboration and some areas where the development of the research can occur. The purpose of this literature review is to discuss the research problem, explain the theoretical foundation, evaluate the
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Resource-based theory (RBT) evaluates the use of firms’ tangible and intangible assets in evaluating performance. Tangible assets are key for expansion or to start new ventures, but the effective utilization of the intangible assets such as knowledge, skills, and experience ultimately determine success or failure. Management’s ability to effectively utilize the intangible resources of the firm is, even more, essential when seeking international and collaborative relationships (Haughton, 2010). The resource-based theory is an effective theory for this particular study. It competently addresses the key term of the study which is collaboration, and how proper management of intangible assets ultimately determines whether the collaboration efforts are successful or unsuccessful. Understanding the meaning of collaboration is critical to understanding this …show more content…
Additionally, the summary reviewed some of the challenges of the research including Matveev (2002) and Puck et al. (2004) view on potential pitfalls of certain leadership styles. Hui et al. (2004) study on social structure and collaboration, and (Chen 2005, 2007) research on governmental involvement in creating or hindering collaboration (Haughton, 2010). The introduction in the summary of the literature that addressed some of the challenges of collaboration helped balance out the literature review but was lacking in the body of the review; despite this, the review was summarized
Resource-based theory (RBT) evaluates the use of firms’ tangible and intangible assets in evaluating performance. Tangible assets are key for expansion or to start new ventures, but the effective utilization of the intangible assets such as knowledge, skills, and experience ultimately determine success or failure. Management’s ability to effectively utilize the intangible resources of the firm is, even more, essential when seeking international and collaborative relationships (Haughton, 2010). The resource-based theory is an effective theory for this particular study. It competently addresses the key term of the study which is collaboration, and how proper management of intangible assets ultimately determines whether the collaboration efforts are successful or unsuccessful. Understanding the meaning of collaboration is critical to understanding this …show more content…
Additionally, the summary reviewed some of the challenges of the research including Matveev (2002) and Puck et al. (2004) view on potential pitfalls of certain leadership styles. Hui et al. (2004) study on social structure and collaboration, and (Chen 2005, 2007) research on governmental involvement in creating or hindering collaboration (Haughton, 2010). The introduction in the summary of the literature that addressed some of the challenges of collaboration helped balance out the literature review but was lacking in the body of the review; despite this, the review was summarized