Risk Management Partnership Program for Sim's Hardware Business

This project outlines a partnership program between Sim’s Hardware and a risk management company. The plan includes a detailed partnership agreement covering aspects like partner details, objectives, capital contribution, profit sharing, meeting frequency, voting clauses, and dissolution. The project also proposes a media campaign involving print, audio-visual, and digital platforms to promote the joint venture. Furthermore, it emphasizes the importance of fostering positive collaborative relationships within Sim’s Hardware through continuous communication and joint decision-making. The assignment also highlights the significance of influencing strategies to increase commitment from the partner company and references relevant legislation. The project aims to enhance Sim's Hardware's risk management standards through this strategic partnership.

Partnership program of Sim’s Hardware
and …..(name of the company)

Partnership program plan
 The partnership program plan would aim to form a partnership between Sim’s Hardware
and risk management company based to enhance the risk management standards of the
former.
 The partnership would be based on a written as per the Partnership Act 1963

A detailed partnership agreement
 1. Name of partners to the partnership along with their official
addresses
 2. Purpose of the partnership
 3. Capital contribution of the two partners
 4. Profit sharing ratio
 5. The frequency of holding meetings between the partners
 6. The voting clause
 7. The dissolution clause.

Media campaign advertising the new joint
venture
 The print media would consist of newspapers and
magazines
 Audio-visual media would consist of television
 The digital media would consist of social media like
YouTube and Facebook
 official websites.

Leading positive collaborative relationships
within Sim’s Hardware
 The two partners should lead positive collaborative relationships
among themselves by maintaining continuous communication among
themselves.
 The management of the two companies should hold meetings as and
when required to discuss on challenges.

Methods to generate trust, confidence and support from Partner
Company
 Management of the companies to the partnership should hold
meetings

Making decisions in consultation with the
partner company
 The management of the two partner companies should consult among
themselves to take crucial decisions.

Range of influencing strategies to increase commitment from the
partner company to organizational requirements and contribute
to desired culture:
 The partners should exercise positive influence on the employees of
each other.

References
 Legislation.act.gov.au. 2019. Legislation.act.gov.au. [online] Available
at:
https://www.legislation.act.gov.au/DownloadFile/a/1963-5/current/PDF/
1963-5.PDF [Accessed 25 Jul. 2019].

Thank You