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Alliance Failure and Alliance Success: The 80% Rule

Peter Simoons

This is what I term, the 80% rule: 80% of ad hoc unstructured business partnerships and strategic alliances fail, while contrariwise, 80% of the companies that follow a structured approach establish prosperous business partnerships and strategic alliances. This builds a strong foundation for long-term collaboration.

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David and Goliath Relationships

Peter Simoons

Of course, there are the good Goliaths, the truly collaborative ones. In some cases it is part of the collaborative company culture, in other cases it is just the people involved that know how to build bridges across internal red tape. Is your company enabling you to build and maintain truly collaborative business partnerships?

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How to Partner With Other Companies to Grow Your Business

B Plans

You don’t have to exchange “I do” vows with another corporation to collaborate. How do you get a business partnership? Check out some of the conventional and innovative partnership options that have worked for other businesses. Don’t jump into partnerships, plan them out. No standing is a “bad” standing.

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Discovering The Right Partnerships with Sales Insights

CoSell

As a business owner, you’re on the lookout for ways to collaborate with the right partners. Whether you’re a solo entrepreneur, a small business, or part of a larger organization, working with the right partners offers a way to expand awareness and build a loyal customer base. Not all partnerships will provide the same value.

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Understand the Cultural Differences

Peter Simoons

The same is true with building business partnerships. When establishing a partnership with another company, you are bringing two different cultures together. Merging cultures with your partner and finding a way to do things together shall push you even further towards your partnership’s success.

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Qualities of a Powerful Partnership

Powerlinx

Business collaborations entail a merging of and collaboration between disparate teams from the partners, a process that demands a high level of confidence in personnel. Given the complex nature of partnerships, trust is an integral factor in the initiation and continuation of all great business partnerships.

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Partnership Challenges No One Talks About

Compass Point

In fact, while it’s a well-known statistic that 50% of marriages end in divorce, did you know the percentage of business partnerships that meet with a bitter end is closer to 70% ? The 3-circle model for family business needs only a slight tweak to be relevant to a business partnership.