Looking beyond what you know and diversifying into a new product area or region can be daunting. Finding business partners to aid you on this journey could mean the difference between success and failure.
The power of a perfect partnership can transform companies, disrupt industries and reinvigorate brands. These five case studies of true business collaboration success demonstrate the importance of strategic partnerships, and the widespread benefits they could bring.
View the infographic to see how alliances have recently been a benefit to both prominent industrial leaders such as Nissan and Apple, as well as emerging niche companies with an intent on expansion.
Entering into a joint venture is a smart way to grow your company’s influence, diversify its products and reach new markets. But without a structured plan, starting your joint venture could be quite difficult and your joint venture aspirations could fall flat. Here’s how to identify the best partner for your business, create clear goals and stay on track with ongoing communication.
Strategic partnerships are critical for businesses that want to compete on a global scale. But many enterprises lack the appropriate strategy, structure or resources to create and maintain a productive business partnership. So where does it all go wrong, and what can your organization do to ensure a successful alliance?
Our most recent infographic shares common mistakes businesses make when forming a business partnership and tips that your company can use to aid in a successful alliance.
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True business collaboration can be a dramatic force for change in your organization.
When companies share a common vision, and are willing to share their capabilities, markets, talents and assets to achieve a win-win outcome, it can result in a powerful and enduring partnership.
When you look to external partners for acquiring resources and capabilities, your organization needs a practical roadmap to answer some critical questions: What kind of business partnerships and combinations do we need? How will we manage them over time? What profits will we earn, and will they justify our investment?
Ben Gomes-Casseres, international business scholar and Powerlinx adviser, addresses these questions and more in The Remix Strategy: The Three Laws of Business Combination. This excerpt, originally posted by the Harvard Business Review offers a simple, but powerful, framework to help you make those decisions.
Partnership expert Prof Ben Gomes-Casseres explains that the age of firms competing against other firms, one on one, is over. In the future groups of businesses will compete against other groups, making it crucial to find the right strategic partners to compete on your team.
Partnership expert Prof Ben Gomes-Casseres explains the three rules your business needs to follow to ensure a successful partnership.
1 + 1 = 3
When a business works with the right strategic partner, both parties bring something to the table that the other cannot. They can therefore create more value together than either could on their own.