Alliances originate in every shape and size, and then evolve to meet the requirements of the partners. Strategic alliances are high-maintenance commitments towards particular purposes. Do not consider them to be spontaneous, nor short-term. Strategic alliances in the technology world start at 5-10 years. For the pharmaceutical world, the time from conception to market is very long and expensive. Therefore their strategic alliances exist closer 15-20 years. In my local community, the mayors of more than 25 communities created an alliance in the 1980’s to grow the whole community. The fruit of their efforts are now blossoming. Continue reading
In the business world, strategic alliances are vital towards success, but only if they are well maintained. On-going maintenance is critical; otherwise you end up with an alliance that hurts you, your business ally and your customers. However, with four simple steps you create an alliance that produces optimal results. Continue reading
There is an element of business that is completely competitive, but there is more to it than that. For the most part, people think of business as a dog eat dog environment, but there are some moments when it is better to work with other businesses through collaboration.
Always Be Mindful Of What You Say
Based on the fact that so many people Continue reading
Collaboration is a powerful tool in business. Many times your organization can collaborate with another business to produce amazing results that otherwise would not have been obtained. We will discuss 3 tips to follow when collaborating with another business:
Tip One: Open Communication is king. To be successful Continue reading
Most people think of a matchmaker as someone who arranges romantic relationships. However, you can apply the term matchmaker to most anyone who introduces you to potential partners, such as business partners.
Meeting and developing a relationship with the right partners can be a difficult task. Continue reading