Joint Ventures, Interdependent & Strategic Alliances
| Category: Business Development | Date: 2003-10-22 |
An Anderson Consulting Study claims that on average 26% of the Fortune 500 Companies revenue comes from and through the use of Alliances.
Ever growing, Alliances are the way business will conduct themselves in the next millennium and beyond nationally and internationally.
Unlike partnerships, Joint Ventures and Alliances are usually limited to a single event or activity. A Joint Venture, Strategic Alliance or Interdependent Alliances are a form of partnership, generally formed for a certain purpose or specific project to accomplish a short or long term goal. The newly formed entity may act as one. They may be simple or complex in their formational structure.
A lot of the words used with the advent of Cyberspace are interchangeable. Many of these forms of businesses have been in existence as long as man and business has worked together.
Do not be confused, whether you call your desired joining of assets, talents and skills a Joint Venture, a Strategic Alliance or an Interdependent Alliance one thing is for sure. If the players are properly matched and combined "magic" can and will occur.
In the business community "magic" is usually profits or other gains like increased visibility or reputations. This would normally be a good time to lead into the Microsoft/Bill Gates/Apple stories but we all know about those Alliances.
These forms of business enable you to take on larger projects, be more creative and have work when you normally may be slow.
Thus, Alliances or Joint Ventures can be competitive or non-competitive companies or individuals, formed to increase
services or product sales or to create products or services to sell.
The key to any marriage is the "who" referring to the person or company you have decided to join forces with. Joining forces with others can be wildly successful or your worst nightmare.
Never attempt to exert energy, spend lots of money or time until you know whom you are getting into bed with. This is your first and most serious decision. Do not act before you have thoroughly researched and investigated whom you are about to wed. Like any marriage compatibility and suitability to your customers may be required. Trust, written agreements, focus and realistic goals must be chosen.
Once all of the ground work has been completed you will be able to explore new ideas, open new windows and markets you could not have ventured into on your own due to time, government laws and monetary restraints. This adventure can increase profits with less risk and speed your goals to be in a better position than if you did have the money to spend for the venture.
The combining of assets and talent, once a proper choice is made, will lead to a greater market share for your product or service, which could open the door to other profitable ventures.
These relationships require a high level of commitment and close contact.
This can lead to conflicts or other problems. Realistic goals set in your game plan, honesty and partner partnering greatly reduces these problems.
But when these types of alliances are properly formed they will increase your reputation, establish personal and business relationships, prevent overruns and decrease the amount of investment for expansion.
The whole game plan is linkage.
Ever growing, Alliances are the way business will conduct themselves in the next millennium and beyond nationally and internationally.
Unlike partnerships, Joint Ventures and Alliances are usually limited to a single event or activity. A Joint Venture, Strategic Alliance or Interdependent Alliances are a form of partnership, generally formed for a certain purpose or specific project to accomplish a short or long term goal. The newly formed entity may act as one. They may be simple or complex in their formational structure.
A lot of the words used with the advent of Cyberspace are interchangeable. Many of these forms of businesses have been in existence as long as man and business has worked together.
Do not be confused, whether you call your desired joining of assets, talents and skills a Joint Venture, a Strategic Alliance or an Interdependent Alliance one thing is for sure. If the players are properly matched and combined "magic" can and will occur.
In the business community "magic" is usually profits or other gains like increased visibility or reputations. This would normally be a good time to lead into the Microsoft/Bill Gates/Apple stories but we all know about those Alliances.
These forms of business enable you to take on larger projects, be more creative and have work when you normally may be slow.
Thus, Alliances or Joint Ventures can be competitive or non-competitive companies or individuals, formed to increase
services or product sales or to create products or services to sell.
The key to any marriage is the "who" referring to the person or company you have decided to join forces with. Joining forces with others can be wildly successful or your worst nightmare.
Never attempt to exert energy, spend lots of money or time until you know whom you are getting into bed with. This is your first and most serious decision. Do not act before you have thoroughly researched and investigated whom you are about to wed. Like any marriage compatibility and suitability to your customers may be required. Trust, written agreements, focus and realistic goals must be chosen.
Once all of the ground work has been completed you will be able to explore new ideas, open new windows and markets you could not have ventured into on your own due to time, government laws and monetary restraints. This adventure can increase profits with less risk and speed your goals to be in a better position than if you did have the money to spend for the venture.
The combining of assets and talent, once a proper choice is made, will lead to a greater market share for your product or service, which could open the door to other profitable ventures.
These relationships require a high level of commitment and close contact.
This can lead to conflicts or other problems. Realistic goals set in your game plan, honesty and partner partnering greatly reduces these problems.
But when these types of alliances are properly formed they will increase your reputation, establish personal and business relationships, prevent overruns and decrease the amount of investment for expansion.
The whole game plan is linkage.
About the Author
Franklin Radoff - Business Attorney, Entrepreneur and Senior Executive
specializing in Strategic Alliances since l970. Also the founder of legaladvicehotline.com
fjr@legaladvicehotline.com
http://www.legaladvicehotline.com
Ever growing, Alliances are the way business will conduct themselves in the next millennium and beyond nationally and internationally.
Unlike partnerships, Joint Ventures and Alliances are usually limited to a single event or activity. A Joint Venture, Strategic Alliance or Interdependent Alliances are a form of partnership, generally formed for a certain purpose or specific project to accomplish a short or long term goal. The newly formed entity may act as one. They may be simple or complex in their formational structure.
A lot of the words used with the advent of Cyberspace are interchangeable. Many of these forms of businesses have been in existence as long as man and business has worked together.
Do not be confused, whether you call your desired joining of assets, talents and skills a Joint Venture, a Strategic Alliance or an Interdependent Alliance one thing is for sure. If the players are properly matched and combined "magic" can and will occur.
In the business community "magic" is usually profits or other gains like increased visibility or reputations. This would normally be a good time to lead into the Microsoft/Bill Gates/Apple stories but we all know about those Alliances.
These forms of business enable you to take on larger projects, be more creative and have work when you normally may be slow.
Thus, Alliances or Joint Ventures can be competitive or non-competitive companies or individuals, formed to increase
services or product sales or to create products or services to sell.
The key to any marriage is the "who" referring to the person or company you have decided to join forces with. Joining forces with others can be wildly successful or your worst nightmare.
Never attempt to exert energy, spend lots of money or time until you know whom you are getting into bed with. This is your first and most serious decision. Do not act before you have thoroughly researched and investigated whom you are about to wed. Like any marriage compatibility and suitability to your customers may be required. Trust, written agreements, focus and realistic goals must be chosen.
Once all of the ground work has been completed you will be able to explore new ideas, open new windows and markets you could not have ventured into on your own due to time, government laws and monetary restraints. This adventure can increase profits with less risk and speed your goals to be in a better position than if you did have the money to spend for the venture.
The combining of assets and talent, once a proper choice is made, will lead to a greater market share for your product or service, which could open the door to other profitable ventures.
These relationships require a high level of commitment and close contact.
This can lead to conflicts or other problems. Realistic goals set in your game plan, honesty and partner partnering greatly reduces these problems.
But when these types of alliances are properly formed they will increase your reputation, establish personal and business relationships, prevent overruns and decrease the amount of investment for expansion.
The whole game plan is linkage.
Ever growing, Alliances are the way business will conduct themselves in the next millennium and beyond nationally and internationally.
Unlike partnerships, Joint Ventures and Alliances are usually limited to a single event or activity. A Joint Venture, Strategic Alliance or Interdependent Alliances are a form of partnership, generally formed for a certain purpose or specific project to accomplish a short or long term goal. The newly formed entity may act as one. They may be simple or complex in their formational structure.
A lot of the words used with the advent of Cyberspace are interchangeable. Many of these forms of businesses have been in existence as long as man and business has worked together.
Do not be confused, whether you call your desired joining of assets, talents and skills a Joint Venture, a Strategic Alliance or an Interdependent Alliance one thing is for sure. If the players are properly matched and combined "magic" can and will occur.
In the business community "magic" is usually profits or other gains like increased visibility or reputations. This would normally be a good time to lead into the Microsoft/Bill Gates/Apple stories but we all know about those Alliances.
These forms of business enable you to take on larger projects, be more creative and have work when you normally may be slow.
Thus, Alliances or Joint Ventures can be competitive or non-competitive companies or individuals, formed to increase
services or product sales or to create products or services to sell.
The key to any marriage is the "who" referring to the person or company you have decided to join forces with. Joining forces with others can be wildly successful or your worst nightmare.
Never attempt to exert energy, spend lots of money or time until you know whom you are getting into bed with. This is your first and most serious decision. Do not act before you have thoroughly researched and investigated whom you are about to wed. Like any marriage compatibility and suitability to your customers may be required. Trust, written agreements, focus and realistic goals must be chosen.
Once all of the ground work has been completed you will be able to explore new ideas, open new windows and markets you could not have ventured into on your own due to time, government laws and monetary restraints. This adventure can increase profits with less risk and speed your goals to be in a better position than if you did have the money to spend for the venture.
The combining of assets and talent, once a proper choice is made, will lead to a greater market share for your product or service, which could open the door to other profitable ventures.
These relationships require a high level of commitment and close contact.
This can lead to conflicts or other problems. Realistic goals set in your game plan, honesty and partner partnering greatly reduces these problems.
But when these types of alliances are properly formed they will increase your reputation, establish personal and business relationships, prevent overruns and decrease the amount of investment for expansion.
The whole game plan is linkage.
About the Author
Franklin Radoff - Business Attorney, Entrepreneur and Senior Executive
specializing in Strategic Alliances since l970. Also the founder of legaladvicehotline.com
fjr@legaladvicehotline.com
http://www.legaladvicehotline.com
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