A consortium is a collective arrangement wherein two or more businesses unite temporarily to undertake a large and complex project, leveraging pooled skills and resources to achieve a common goal.
A private network utilizing Internet technology to securely share parts of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.
Shirkah refers to an essential concept in Islamic finance, embodying the idea of partnership and collaboration where two or more parties share profits and losses from a venture according to an agreed ratio, underscoring principles of risk-sharing and fairness.
A strategic alliance is a long-term partnership between two or more organizations that collaborate to achieve mutual benefits and gain a competitive advantage.
A syndicate is a collaborative group of individuals or companies formed to undertake a project that would be difficult to accomplish individually. It can be classified as a partnership or corporation for tax purposes.
Virtual cooperation refers to a group of companies that form a temporary alliance using a computer network to accomplish a shared objective. This strategic collaboration allows businesses to leverage each other's strengths and resources without the need for physical proximity.
