Alliances can lead to outperformance and competitive advantage. Nevertheless, these rewards can be accompanied by high risk. Constant vigilance and significant commitment from the senior leaders of each side is necessary to maintain rigorous, professional end-to-end execution. Despite the fact that there is no “silver bullet” to help facilitate the success of an alliance, there are several factors that can help.
Defining the vision and developing an explicit alliance strategy. Select the right partner by screening and evaluating the market options. Develop a partner evaluation criteria priority partners. Identifying the critical capabilities that need to be strengthened through this collaboration. Renew your alliance portfolio regularly to ensure you are maximising your agreements.
Scan the market to identify the right partner who will complement your business. Combine company data to short list the partner options.
Having a Day 1 readiness and 100day plan will be key to unlocking value before the negotiations begin. Lean on our experience to avoid any roadblocks that might arise.