With the amount of time and effort it takes to build a powerful indestructible strategic alliance and then properly manage it, you probably can’t help but wonder if there is some big secret to the success of alliance management. Is there some “hack” that will put you on the fast track? Continue reading →
Building a business in and of itself is one of the most rewarding and difficult feats any professional undertakes. Once a business entity is successfully set in place, there are still countless other aspects to consider to thrive. Creating strategic alliances is one such aspect to consider. Continue reading →
Businesses may form many alliances for a variety of reasons. They often find themselves managing a number of them. Alliances contribute to the value of the firm, but not all alliances are strategic alliances. Companies manage true strategic alliances differently than others. Continue reading →
Businesses form strategic alliances in order to reap multiple benefits. Most of all, the most obvious benefit is increasing profits. You and the other business work hard to build a strong alliance. Now start looking for extra to ways to build upon your brand strength. As a result of you alliance, your revenue stream and market share increase. Continue reading →
Two brains are better than one. Of course, as long as the minds reach consensus. They must share the same goals to build steadfast loyalty and trust. Compatible matures with time and effort. Members of the strategic alliance learn the burdens of one another.
Once you have made the essential connections necessary to develop alliances and ignite your business, it is important to maintain them! As with any relationship, your alliance must be nurtured to be successful. Regular monitoring required! Continue reading →
Strategic alliances are an integral part of a thriving innovative, diverse, and creative business world. The core of any successful alliance derives from both parties sharing resources, and debating ideas. The result, an open and thoughtful approach to business practices. Continue reading →
Scared of business alliances? Even if you recognize in a general sense the overwhelming benefits and opportunities of business alliances, you may still feel a vague sense of discomfort about actually taking action on the idea. This is natural, particularly since fear and doubt take root in that “vague” territory of the new. You would love to grow, but that moves you out of your comfort zone. Continue reading →
The Internet of Things (IoT) is rapidly emerging as a powerful culmination of technology requiring strategic alliances. It involves applying internet-connected chips, wireless communication, and computing power to everyday items such as thermostats and light bulbs. Now just about every manufactured product, including large industrial machines and tiny medical devices, can be part of IoT. Continue reading →
Has your company has achieved a peak? You have been wondering what comes next. Create strategic alliances. A strategic alliance will help you achieve your next set of objectives; the ones that you cannot achieve on your own. With a well-structured alliances, 1 + 1 = 5.
To add a new product or market, there are three ways: Build it, Buy it, or Partner for it. Continue reading →
When you are in business, you need all of the help that you can get. This includes being strategic with every move. The channels of distribution need to be considered when you create marketing campaigns.