Collaboration in the business aspect and sense refers to mergers, joint ventures and any form of a business partnership where businesses or firms conjoin their operations in the business sense and meaning. It is important and worth to note and mention that in a joint venture, the individual businesses maintain their unique identities and their initial way of operations.

It is so because in the joint venture. The businesses only collaborate in order to meet a gap that is existent in the market and then share the profits, if by any chance the gap would be filled there and then would the joint venture be dissolved. The businesses would then go back to their initial and original mode of operations.

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Question: From this experience, what was the nature of the outcomes and lessons you have learned?
Alex Berhing: In order to grow we must take chances and not risks, thus, we must fully evaluate and analyze the conditions presented in any collaboration or business deal.

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