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A Heightened Attention for Alliances & Partnerships

Peter Simoons

A few weeks ago, I wrote about the difference between a partnership and an alliance. In response to that column I received lots of replies from you. They all acknowledged the fact that in communication, it is essential to create clarity regarding the terms you use.

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A 60% Higher Alliances & Partnerships Success Rate.

Peter Simoons

Alliances are increasing in importance, used as a strategic tool to help organisations grow. Over 25 years ago Yves Doz and Gary Hamel wrote “No company can go it alone” as the opening statement of their book “Alliance Advantage: The Art of Creating Value Through Partnering”. Today, this is more applicable than ever.

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Collaborative Leadership Development

Peter Simoons

You want to sustain and increase your leadership success, with your team and in collaboration with other organisations in alliances, partnerships and ecosystems. You are a successful leader. To do so, you’ll need to further develop yourself, possibly change your behavior and manage and involve your stakeholders.

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Avoid Hidden Agendas

Peter Simoons

Alliances, partnerships and any other type of collaboration need trust to be successful. It would be clear to you what their intentions are, and it would be clear to your partner what your own intentions are. There won’t be any doubts whatsoever. However, we do control how trustworthy we are.

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Measure and Evaluate Alliance Performance

Peter Simoons

The same principle applies with alliances, partnerships and other collaborative business relationships. An airplane only reaches the right destination because of measurements and evaluations of the data acquired, upon which the pilot or the autopilot adjusts the airplane’s course.

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Building Trust: The Building Block of Partnerships (Part 1)

PartnerTap

Remember business partnerships that have taken years to build can fall apart with one action that breaks trust. Follow us on LinkedIn to get new insights into strategic alliances, partnerships, and ecosystem success. The post Building Trust: The Building Block of Partnerships (Part 1) appeared first on PartnerTap.

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Ensure Solid Executive Sponsorship

Peter Simoons

Before you get busy with forming a relationship with your prospective business partner, you have to ask yourself this first: Are the higher-ups within your organization on board with the potential partnership or alliance? Partnerships are not there for fun. Partnerships are of strategic importance to your organization.