A strategic relationship between two businesses is generally joining businesses for a specified period of time. The strategic partners in such a setup are not necessarily competitors, but have similar products and services that are directed towards similar target audiences. Following are suggested actions that will help create million dollar businesses by building strategic relationships. [...]
Hideki Ozawa, President of Suning Appliance Xinjiekou shop visit Following Sony, Samsung, Panasonic, the world’s second-largest digital camera maker?? Canon and Suning, has recently formed a strategic partnership. November 29, Canon (Asia) Co., Ltd. Hideki Ozawa, president led a delegation first visited the headquarters of Nanjing Suning Appliance and Suning Zhang Jindong, chairman, Vice [...]
Caveat Emptor or Buyer Beware is the concept that strictly favors the buyer. Every buyer shall have the knowledge, of what he purchases from the seller. This concept is applicable almost every where, whether is ordinary sale-purchase or even a strategic alliance. The notion of caveat emptor in context to Strategic Alliances (Mergers & Acquisitions) [...]
Recent news concerning IT industry strategic alliances increasingly trumpet the word “unique” as in ‘unique alliance’ or ‘unique partnership’. Usually these unique arrangements bring together a marketer (either a system integrator or a service provider) with a solid footprint in a niche market and a technology developer or manufacturer with an innovative or proprietary capability. [...]
Article by Jeff Stats Krispy Kreme Doughnuts Inc.’s chief executive, Scott A. Livengood, ended his functions as a chairman of the company Jan. 18, during the time when company’s legal and financial troubles are at their peak. The company began experiencing trouble a while ago and the factors [...]
Establishing partnerships with other businesses allows you to combine your resources to overcome challenges. By creating an alliance with other organisations you can develop a synergy that improves your ability to meet the needs of your target market. The right strategic alliance has many benefits for your business. By building a strategic partnership you [...]