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Aug 6th, 2022
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How to Put in effect in the Strategic Alliance Agreement Template

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hello everyone welcome to business school 101 when you walk into a Target store you might find a Starbucks coffee shop right on the corner when you shop in some of Louis Vuittons retail stores you might see some posters of the newest model of BMW i8 in todays business world we saw an increasing number of firms entering strategic alliances to either enhance their strengths or compensate for their weakness so what is a strategic Alliance why do firms choose to form them what are the major types of strategic alliances are there some famous examples of strategic alliances from the real business World in this video I will discuss these questions with you section one what is strategic Alliance strategic alliances are voluntary Arrangements between firms that involve the sharing of knowledge resources and capabilities with the intent of developing processes products or Services the use of strategic alliances to implement corporate strategy has exploded in the past few decades with thousands

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As shown, the four elements are: Complementarities, Congruence of goals, Compatibility of organizations, and Change that will occur over the anticipated timeframe of the alliance.
Strategic alliances allow partners to scale quickly, build innovative solutions for their customers, enter new markets, and pool valuable expertise and resources. And, in a business environment that values speed and innovation, this is a game-changer.
As shown, the four elements are: Complementarities, Congruence of goals, Compatibility of organizations, and Change that will occur over the anticipated timeframe of the alliance.
Step 1: Identify Potential Partners. Step 2: Research Potential Partners. Step 3: Make the First Call. Step 4: The First Meeting. Step 5: Identify Specific Opportunities. Step 6: Establish Revenue/Profit Goals. Step 7: Develop an Agenda. Step 8: Present the Plan.
There are three types of strategic alliances: Joint Venture, Equity Strategic Alliance, and Non-equity Strategic Alliance.
The Fundamentals of Alliances: 5 Steps for Building an Effective Partner Program Step 1: Start with the End in Mind. Step 2: Find the Right Partners. Step 3: Commit to Driving Mutual Value. Step 4: Operationalize Your Partnerships. Step 5: Measure Impact.
Strategic alliances involve the sharing of knowledge and expertise between partners as well as the reduction of risk and costs in areas such as relationships with suppliers and the development of new products and technologies.
Building strategic partnerships for success and longevity Articulate both sides of the value equation before seeking a partner. Take the blinders off. Negotiate to assess fit, not simply to structure the relationship. Manage towards the partnership goal, not the contract.
The deal between Starbucks and Barnes Noble is a classic example of a strategic alliance. Starbucks brews the coffee. Barnes Noble stocks the books. Both companies do what they do best while sharing the costs of space to the benefit of both companies.

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