Today, companies are increasingly
forced to share their know-how and information with others.
While there are multiple reasons for this trend, it is
clear that impact of such partnership strategies on the
survival and development of corporations and industries
varies widely.
In some cases, where entire industries are subjected
to waves of consolidation, a strategy involving partnerships
or a merger / acquisition is the only option to avoid
disappearing from the industry altogether. In other cases,
however, the industry can be thrown into upheaval by
partnerships between major players, which often come
from different industries, and result in a radical re-writing
of the rules. Such situations force other companies in
the industry to adapt, often creating partnerships as
a result.
From a more general standpoint, partnerships often result
from high investment requirements, the complexity and
diversity of required skill sets, the inherent risk in
certain projects, and the pressure to increase margins
and profitability. In such instances, partnerships often
can allow companies to move more quickly and in better
conditions.
Partnerships can create a wide range of benefits for
the parties involved, however studies have shown that
the majority of partnerships do not generate the desired
results, and that ultimately around half of all partnerships
are abandoned or neglected after a few years.
Our Partnership Center of Competence helps organizations
optimise their partnership strategy, and be more successful
in implementing them.
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Partnership strategy definition:
identification and evaluation of potential
benefits in our client’s various business
areas; decisions concerning whether or not
to include a given business area or function;
and choice of which type of partnership to
apply. |
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Audit and optimisation
of existing partnerships: overview of obtained
results, evaluation of possibilities for improvement,
decision on whether to continue forward, to
stop, or to renegotiate. |
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Selection of partners:
identification and evaluation of potential
partners; alignment of the vision and objectives
of the various parties; assistance in renegotiation. |
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Implementation of partnerships:
group management, definition of management
systems and partnership guidance; accompanying
needed changes. |