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The Partnership of Small and Large Businesses: A Comprehensive Evaluation of Efficiency

Authors: Oksana V. Komarova, Cand. Sc. (Econ.), Associate Prof. of Political Economy Dept., Ural State University of Economics

Sergey A. Chernov, Master in Economics, Head of Automated Measurement and Management Systems Laboratory, AO «Research & Production Corporation “Uralvagonzavod”»

Abstract. Business partnerships are an essential element of modern economy ensuring its flexibility that is why evaluation of business partnership is an important economic task. Traditional means of efficiency measurement cannot be applied to business partnerships because of the synergetic effects emerging as a result of interaction. Having examined the existing approaches to evaluation of business partnerships the authors suggest a methodology for comprehensive evaluation of partnerships. Conceptually, the proposed approach is based on evaluation of the costs, risks and prospects of interaction with the use of expert methods. The methodology allows assessing partners and identifying the partnership that keeps the partners’ costs of interaction to the minimum. The paper offers the mechanism of partnership evaluation that makes it possible not only to select the best option for interaction, but also to assess partnership over the course of its development.

Keywords: business partnership, comprehensive evaluation, mutually beneficial relationship, interaction costs, transaction costs, logistics costs, risks of interaction, expert evaluation

For citation: Oksana V. Komarova, Sergey A. Chernov. The Partnership of Small and Large Businesses: A Comprehensive Evaluation of Efficiency. Upravlenets – The Manager, 2016, no. 2(60), pp. 16–22.