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Alliance Failure and Alliance Success: The 80% Rule

Peter Simoons

Conversely, companies that approach alliances in an impromptu manner report a mere 20% success rate. Causes of Alliance Failure Alliances falter due to a range of reasons, including: Insufficient communication. Causes of Alliance Failure Alliances falter due to a range of reasons, including: Insufficient communication.

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Prepare Your Partnership by Following a Structured Alliance Process

Peter Simoons

Many large companies that have entered into successful alliances have documented their processes. The Association of Strategic Alliance Professionals ( ASAP ) captured the best practices of their members into a seven-step strategic alliance process.

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EY and ServiceNow Deepen Ties to Tackle GenAI Compliance, Governance & Risk

Channel Insider

EY and ServiceNow have expanded their strategic alliance to offer robust solutions for generative AI (GenAI) compliance, governance, and risk management. The challenge many clients face is implementing appropriate governance when adopting the technology.

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Trust or Control? “My CEO Wants a Joint Venture”

Peter Simoons

Relying on trust over control does not mean that we don’t need a contract for our alliance. We do need a contract to capture our agreements, like we need a solid governance structure to manage the alliance. In your line of business, would you prefer a strategic alliance or a joint venture (and why)?

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Would You Appreciate a 64% Alliance Satisfaction Score?

Peter Simoons

Would you be happy with a 64% satisfaction score for your strategic alliances? There will always be room for improvement in a strategic alliance relationship and a 92% score is close to nearing perfection. The real room for improvement in strategic alliances won’t be found through absolute scoring.

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Navigating Tech Alliance Leadership: 6 Trends and Solutions to Consider

ISTO / IEEE

Collaborative Ecosystems Associations thrive when they collaborate with industry partners, academia, and other stakeholders: Strategic Alliances: Forge partnerships to amplify impact. ISTO is a neutral, safe harbor for industry and government to build relationships, successfully collaborate, and fulfill their missions.

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Alliances are not Magic Wands!

Peter Simoons

In the realm of strategic alliances, there are two types of executives in the business world, those who truly understand alliances and those who do not. The first group is supportive, collaborative, and comprehends the importance of a triple-win in alliances. Strategic alliances, particularly, are built for the long-term.