Management Consulting - Vancouver, British Columbia, Canada
MAGNATE ALLIANCE STRATEGIES INC. develops mutually aligned strategic partnerships between domestic and international companies with similar goals, complementary technologies, intellectual property, products, services or geographic regions. Strategic Alliance Partnerships have many applications and generally it depends on the additional benefit they provide. Corporate Stakeholders seek to grow an organization, however, maintaining strong growth will at some point plateau. Once established, Strategic Alliance Partners can create almost immediate growth A recent U.S.A. survey, the following list are the Top 6 Reasons for what corporate executives seek to use Strategic Alliances1) Acquire New Customers — 68% of Executives surveyed cite a) new customers were their main reason for seeking new partnerships. Other reasons were, b) access to new markets, c) increased market share and exposure. Additional side benefits were strategic shared preferred supplier-vendor relationships and collaboration on other opportunities. 2) Increased Revenues — 66% of Senior Executives seek alliance partners predominately for increased revenues. Obviously, their respective resources should be complimentary.3) Expand Geographic Reach — 32% of executives prefer a strategic alliance partner simply to expand. By collaborating with a complimentary partner, each company can reasonably grow their respective brands. 4) Extend Product Lines — The research found that 27% of executives see product diversification as their primary means for growing their business with well suited, synergistic alliance partners as this can speed the process — particularly when industry and government certifications are required.5) Access New Technologies and IP — An obvious advantage 26% of respondents expressed simply due to time and cost savings. 6) Sharing Resources — Competitive cost saving advantages by pooling resources was the main value cited by 23% of executives.
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