Partnership components are the managerial controllable elements of a partnership. It is through the implementation of these components that the potential of the partnership can be achieved. Partnership components include: 1) the style, level and content of planning; 2) metrics and joint operating controls; 3) the degree and type of communication between the firms; 4) how risk and rewards are shared; 5) the level of trust and commitment; 6) the type of contract used in the relationship; 7) the scope of activities between the firms; and, 8) the degree of joint investment.