When planning to form an alliance with another business, do your research. Become knowledgeable on all of the ways you can make your new alliance successful. However, you also want to be aware of the obstacles that destroy business alliances and make sure to avoid them.
In this post, we will discuss three reasons why business alliances fail.
Cloud computing’s efficiency may well be challenged by the 50 billion devices that are predicted to connect to the Internet by 2020. That’s a massive amount of data produced and consumed by the Internet of Things (IoT). Forget gigs, terabytes or petabytes. Continue reading
Relationship building and networking is gold to any startup. The more businesses and consumers your organization knows, the more opportunities inevitably come your way. Alliances and strategic partnerships within the IoT marketplace can be highly effective ways to build better products and a stronger business. Continue reading
You have a great product or service to offer. You have a strong dedicated team supporting your business. You have clients and customers for whom you create value. As your business grows, Strategic Alliances with carefully selected, like-minded companies and individuals can be the gunpowder that ignites your business – taking it to new heights!
However, what is a strategic alliance, and how is it different from ordinary networking? Continue reading
Establishing and building a strategic alliance with another company is one thing. Managing that alliance for the long-term is a completely different animal. If you are planning to build an alliance with another business, you also need an alliance management plan set in place. Use that plan to monitor and grade the success of the alliance. Continue reading
Creating alliances between companies involved in the IoT, (Internet of Things), can be tricky at times, but a requirement for entry into this marketplace.
The cold hard truth is that the IoT will not be able to survive if companies don’t create alliances between each other. There is not a single company that can provide all pieces of an IoT solution. It is very important that those involved in the IoT create partnerships.
When it comes to building a strategic alliance, some obvious components are required. Such components include trust, communication, and compromise. However, what about things that business partners forget to consider?
In this post, we will look at three commonly overlooked elements that every strategic alliance needs. Continue reading
How do you know who will be perfect business partner? There are many keys to determining whether your next partner is going to help you build an even more successful business, or tear down what you’ve already worked so hard to create!
Determining this for yourself can be difficult, but all good things require time and effort. This is where Alliance Management can help you. Continue reading
When discussing the benefits of a business alliance, we often cover the important elements of creating that relationship with another business. However, we don’t talk enough about the importance of working on your own professional and personal traits for optimum success when building an alliance.
In this post, we will uncover three traits you need to successfully build business alliances. Continue reading
A new year means the opportunity for new ideas and new strategies for growth. If you and your business partner are looking for ways to enhance your strategic alliance, look no further! In this post, we will uncover three strategic alliance tips to take into 2017 with you. Continue reading
Today’s market is extremely competitive, increasing the need and the importance of forming the ideal business alliance. Alliances are formed for many reasons, including the need for increased cash, to come up with viable solutions for seemingly insurmountable problems, to stay abreast of new technological advances and the need to gain market shares, among others. Continue reading
Starting or expanding a business takes more than just a good business plan and product. It also requires avenues for getting your products to the right customers at the right time. Finding channels of distribution that allow you to accomplish your business goals involves building deep strategic alliances with the right partners.
Strategic alliances create a quicker path to growth. Continue reading
Major strategic alliances are forming to cope with a flood of data. With the explosion of the Internet of Things (IoT), the proliferation of computers and sensors creates more and more data daily. An event flyer advertising for the New Jersey Big Data Alliance Symposium puts it this way: Continue reading
Walk into any Starbucks store in the country and become instantly greeted by the welcoming smells of freshly brewed coffee. You may also notice the happy customers going over business plans, reviewing homework, or simply surfing the Internet at their leisure. In general, the customer base of Starbucks is a happy group willing to fork over five dollars or more for their favorite coffee. However, there is always room for improvement. Continue reading
Leveraging and employing business alliances are more commonplace than ever before. The antiquated idiom of, “The enemy of my enemy, is also my friend,” doesn’t seem to carry any weight, especially considering today’s digital world.
More importantly, if we were to join the Twitter-verse, post, pin, snap and chat with social networking online, business may be left behind. Continue reading
The Internet of Things, or IoT, is a term that describes the ever-growing world of connectivity between the internet and everyday objects. IoT generally refers to any object embedded with software, electronics, or sensors that have network connectivity. This marketplace is exploding. With this explosion arise opportunities and concerns.
For businesses, IoT offers a new horizon of technological support that facilitates opportunities to grow and creates challenges to overcome. Continue reading
To reap the rewards of a strong strategic alliance, a business must first study and consider following the steps other successful businesses. Doing your research is mandatory to laying a solid foundation for thriving strategic alliances for the future. Planning and research before you start pays dividends long after the partnership has started.
Before making plans to build your strategic alliance, Continue reading
Companies around the country are looking for new ways to build partnerships, improve their brand, grow their community and increase revenue. For all these goals, alliance management is crucial to get the job done. Consultants help to accomplish this task but the value of your product or service is also extremely important. Continue reading
In alliance management, according to a Harvard Business Review article, companies tend to forget that they are working together because of their differences. Rather they must embrace those differences and find a way to leverage and create value from them. The article cites the partnership between Hewlett-Packard and Microsoft as a positive example of how this works. At first, the two companies differed in their approaches to sales which caused friction and misunderstanding. Continue reading
Consider this phrase: Alliance Management. On the surface, it sounds like a good idea, right? You want to carefully maintain your alliances. On the other hand, how exactly does one go about this? By the very nature of the word, you do not control – or entirely manage – those with whom you are allied. They work for another company
with different management, different goals and different products.
How can you make this work, then? Continue reading