A business alliance is especially relevant for every business owner. This formal relationship of multiple organizations focuses on mutual business objectives. Essentially, a business alliance poses an important array of benefits to strengthen your business. Continue reading
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
What is a business alliance?
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
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
You have determined that the development of business alliances is a good idea and they would benefit your bottom line, but you are not sure where to begin. We have some great news – you are in the right place.
In the world of running a business, it can be easy to be bogged down in your day-to-day operations and forget to take a step back to evaluate your overall success. Continue reading
What is a strategic alliance? What are the risks? What are the common mistakes? What is the importance? How can strategic alliances end? What are the criteria? How should strategic alliances be managed? What are the different types?
Here is what you need to know about strategic alliance. Continue reading below to see a list of alliances and what considerations you must evaluate. Ask some of these questions before you start your alliances. 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
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
Though there are many exciting, new businesses to partner with, it’s easy and more profitable to choose the right one. Here’s how.
2014 was a great year for startups geared toward enhancing consumer convenience through mobile devices. In fact, consumer tech was the obvious business focus that startup founders seemed to take the most interest in. Continue reading
The business community frequently relies upon strategic alliances to create better products, better distribution, and improved customer satisfaction. Unfortunately, many alliances fail. A review of those failures helps current business owners understand what to avoid.
Alliances Turn Into Rivalries Continue reading
The best strategic alliances between two or more companies are those where company resources complement each other. At the same time, not all contributed resources can be used effectively in an alliance.
There are two major forms of constructive strategic alliances between companies, Continue reading
Once you’ve decided what company you’re going to work with, it’s time to establish a good alliance foundation. In a strategic alliance two companies are coming together, yes. However,
- Two groups of employees and senior level staff,
- Two business models,
- Two corporate cultures,
- Two team management styles, and
- Two brand identities
Unlike many other partnerships found in life, business alliances are not the most natural thing to create. Human beings come together as friends, romantic partners, and co-workers, but businesses are often thought of as adversaries. Despite this general perspective, studies show business alliances often raise profits and generate other benefits for both partners. The only problem is many of these alliances fail.
The Facts About Alliance Failure
Entrepreneurs may be alarmed to learn about the high failure rate of business alliances. Continue reading
As those familiar with W. Edwards Deming know, Business Alliances are the most important part of supply chain management. For those not familiar with Deming, he was an American economist who rebuilt post-war Japan and came back to the United States in the 1980s to address why Japanese manufacturing had beaten American manufacturing. Total quality control is his most well-known ideas, but one of his 14 points addresses the need to develop strategic partnerships with suppliers.
In Out of The Crisis, he points out that Japanese companies learned early that “the best Continue reading
Alliance Partners bring unique strengths to your business. Each partnership can bring support, innovation, resources, and intelligence to your business. With so much on the line, how do you decide who is your best alliance partner?
In any relationship, there is a vetting process which takes place before you commit to the relationship. Business alliances are no different than any other relationship in the vetting process. A young couple begins dating with discovery, exploration, testing, and more. Shouldn’t you be doing the same when you create an alliance? Continue reading