Strategic Alliances and New Ways of Working

Strategic alliances and new ways of working go hand-in-hand.

Strategic alliances involve putting together partnerships which are designed to create more value for each organization than each one could generate on its own.  They are strategic because the relationships are more than transactional commercial agreements. They are alliances because they imply long term frameworks, over multiple years, with complex and codified rules of cooperation.

New ways of working concern all the organizational and behavioral aspects of the way we produce goods & services, mostly driven by technology innovations and ubiquitous information.  Our relationship to space and time is being modified.  We are physical and virtual at the same time.  We are always on, 24/7.  We share effortlessly our work products without paper or the need to be sitting next to each other. [Read more…]

Build, Buy or Partner?

How to grow?  Three options:

  • Build your growth through organic expansion, open new offices, hire new people…
  • Buy your growth through acquisitions, find & purchase firms, integrate, absorb…
  • Partner your way to growth by developing strategic alliances.

The partnership model is the wave of the future.  It is faster, less capital intensive and potentially more beneficial in the short and long term.  So why is it not the preferred model which is taking over the world of business? [Read more…]

What is an Accountable Care Organization? (ACO)

What is an Accountable Care Organization? (ACO)

Accountable Care Organizations (better known by their acronym ACO) are among the latest & greatest attempts to gain control of spiraling, out-of-control health care costs.  The Affordable Heath Care Act (better known as “Obama Care”) is convoluted and needs some serious tweaking.  But the overall political purpose of the legislation is to provide affordable health care to the general population (expanded coverage) and at a lower cost:  more productivity, quality, efficiency and streamlined patient-care processes.

The good news is that the ACO framework for Medicare and Medicaid is the most sensible and potentially the most effective way to achieve the very ambitious double goal of the Act:

  • Better care and increased quality of health services
  • Lower costs and streamlined processes of patient care [Read more…]

Coopetition

Coopetition – please excuse the neologism – is a term created to describe a situation where two or more organizations which would normally be in competition would cooperate with each other in some form or manner.

Coopetition is a key concept for strategic alliance professionals because there are rarely cases where all parties involved in a collaborative process experience an immediate ‘win-win’ situation.  Usually, one or more of the parties feels that his ‘best case’ scenario was not fully realized.  [Read more…]

Public Private Partnerships

Public Private Partnerships is a concept which is becoming more prevalent every day.

I recently received my quarterly copy of Strategic Alliance, the magazine of the Association of Strategic Alliance Professionals (ASAP), a fine organization of which I am a member.  The magazine is a great source of news for alliances professionals, and on page p.37 of the most recent issue the title reads, “Alliances That Could Save the World.” [Read more…]

What is a strategic alliance?

What is a strategic alliance?  A ‘strategic alliance’ is a relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organizations.  This form of cooperation lies between acquisitions and organic growth. [Read more…]

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