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Strategic Alliances That Work: Should You Build a Strategic Alliance?
This note is part of a series entitled Strategic Alliances That Work. It provides guidelines to determine whether an alliance is an appropriate vehicle to pursue business objectives. Specifically, it covers areas such as the strategic rationale for the alliance, the identification of competence and resource gaps in relation to strategic objectives, and a firm's readiness to enter a collaborative arrangement. Related cases Strategic Alliances That Work: Selecting the Right Partner, Strategic Alliances That Work: Negotiating and Designing an Alliance and Strategic Alliances That Work: Implementing Winning Conditions, products 9B05M023, 9B05M024 and 9B05M025 are also available. -
Strategic Alliances That Work: Selecting the Right Partner
This note is part of a series entitled Strategic Alliances That Work. Key factors to consider during the selection process are the overall strategic fit between potential partners, the complementarities of each organization's strengths, weaknesses and operational practices, the sustainability of the relationship, consideration of how partner cultures may clash or complement one another, the degree of commitment to the partnership, and finally, the personal chemistry between both companies' management. Related cases Strategic Alliances That Work: Should You Build A Strategic Alliance?, Strategic Alliances That Work: Negotiating and Designing an Alliance and Strategic Alliances That Work: Implementing Winning Conditions, products 9B05M022, 9B05M024 and 9B05M025. -
Strategic Alliances That Work: Negotiating and Designing an Alliance
This note is part of a series entitled Strategic Alliances That Work. The negotiation process involves pre-negotiation preparations such as putting together the negotiating team, conducting the negotiation itself, and finalizing the ultimate agreement. The agreement should address, among other things, the mission of the alliance, its structure and governance, ownership and control details, identification of performance objectives and milestones, conflict resolution procedures, and provision for termination of the partnership. Related cases, Strategic Alliances That Work: Should You Build a Strategic Alliance?, Strategic Alliances That Work: Selecting the Right Partner, Strategic Alliances That Work: Implementing Winning Conditions, product 9B05M022, 9B05M023 and 9B05M025. -
Strategic Alliances That Work: Implementing Winning Conditions
This note is part of a series entitled Strategic Alliances That Work. All the strategic analysis, negotiation, and implementation planning of a strategic alliance aims for the day the alliance can be formally launched. While much of the details depend on the specific nature of the agreement, there exist common practices that will take you far down the path of successful alliance management. These include laying a positive foundation with the right team and establishing productive linkages across both organizations. It also includes dedicated focus on building trusted relationships in the early days and structuring alliance activities for some early successes. Alliances usually define success in terms of financial returns; but when the honeymoon is over, enduring and sustainable benefits will be more easily achieved through additional emphasis on effective communications, constructive conflict resolution and continuous organizational learning - elements that support a productive relationship over time. Related cases, Strategic Alliances That Work: Should You Build a Strategic Alliance?, Strategic Alliances That Work: Selecting the Right Partner and Strategic Alliances That Work: Negotiating and Designing an Alliance, products 9B05M022, 9B05M023 and 9B05M024. -
Strategic Alliances That Work: Should You Build a Strategic Alliance?
This note is part of a series entitled Strategic Alliances That Work. It provides guidelines to determine whether an alliance is an appropriate vehicle to pursue business objectives. Specifically, it covers areas such as the strategic rationale for the alliance, the identification of competence and resource gaps in relation to strategic objectives, and a firm's readiness to enter a collaborative arrangement. Related cases Strategic Alliances That Work: Selecting the Right Partner, Strategic Alliances That Work: Negotiating and Designing an Alliance and Strategic Alliances That Work: Implementing Winning Conditions, products 9B05M023, 9B05M024 and 9B05M025 are also available. -
Strategic Alliances That Work: Selecting the Right Partner
This note is part of a series entitled Strategic Alliances That Work. Key factors to consider during the selection process are the overall strategic fit between potential partners, the complementarities of each organization's strengths, weaknesses and operational practices, the sustainability of the relationship, consideration of how partner cultures may clash or complement one another, the degree of commitment to the partnership, and finally, the personal chemistry between both companies' management. Related cases Strategic Alliances That Work: Should You Build A Strategic Alliance?, Strategic Alliances That Work: Negotiating and Designing an Alliance and Strategic Alliances That Work: Implementing Winning Conditions, products 9B05M022, 9B05M024 and 9B05M025. -
Strategic Alliances That Work: Implementing Winning Conditions
This note is part of a series entitled Strategic Alliances That Work. All the strategic analysis, negotiation, and implementation planning of a strategic alliance aims for the day the alliance can be formally launched. While much of the details depend on the specific nature of the agreement, there exist common practices that will take you far down the path of successful alliance management. These include laying a positive foundation with the right team and establishing productive linkages across both organizations. It also includes dedicated focus on building trusted relationships in the early days and structuring alliance activities for some early successes. Alliances usually define success in terms of financial returns; but when the honeymoon is over, enduring and sustainable benefits will be more easily achieved through additional emphasis on effective communications, constructive conflict resolution and continuous organizational learning - elements that support a productive relationship over time.