Strategic Alliances

Strategic Alliances

A strategic alliance is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project. With strategic alliances, each member will contribute to your success. No one person is likely to turn your business around, but together, over a long time, they can make a difference. By having a series of small actions over time, you can gradually enhance your relationships and really yield big results

Don’t give up if there’s no immediate payoff. The key is to stay in touch. The best strategic alliances stay connected several times over the year. Plus, you meet in person on several occasions. During that time, you discuss some really simple ways that you can help each other. Therefore, you gradually enhance the relationship.

Successful networking is a series of small actions. Most people who are successful at networking and creating strong strategic alliances view the process as a series of small actions taken with many people to create long-term positive growth for your company. It’s not a get rich scheme. By working with multiple people over a long period of time, you build your business. Don’t just write somebody off if they can’t add something or contribute something to your business immediately.

If you are a member of a networking group, look at the members of the group. Each of them will contribute to your success and they layer a little bit of success on top of each other for you. Each one is a little layer of success for you. No one person in your chapter is likely to turn your business around, but together over a long period of time; they can make a dramatic difference.

In conclusion, I highly recommend that you form strategic alliances with others. By working with multiple people over a long period of time, you build an incredibly solid foundation for successful business.

For Long Term Networking Payoff, Take Small Steps . . .

A few years back, I was speaking to a friend of mine who is a partner in an international consulting and training company. We discovered that we had a mutual acquaintance who is a bestselling author and fairly well-known speaker. In our discussion, we found out that he had contacted each of us individually to see if there were any possibilities for some type of strategic alliance with our companies.

We were both open to that possibility but couldn’t see any immediate and dramatic way our companies could link up with his and do any specific projects at that time. Both of us were also a bit amused to then discover that we were summarily “dropped” from his radar (no response to e-mails or other attempts to connect) after that.

We got the sense that he was looking for the one big alliance that would help his company soar to the next level. That realization started a conversation about the difference in the relationship between the two of us.

 

Ironically, we had had the same type of phone call with each other just 18 months earlier and came to the same conclusion. There was nothing on a grand scale we could do together at that moment. The difference, however, was the rest of the story.

We agreed to stay in touch. And then we did. We connected several times over the year and met in person on several occasions. During that time, we found some simple ways to help each other and gradually enhanced the relationship. This was in sharp contrast to the third party we had talked to individually. When this person didn’t see any big payoff, we became persona non grata to him. On the other hand, the two of us found ways to help each other gradually and, even to this day, continue to build on our relationship.

We came to the conclusion that most people who are successful at networking and creating strong strategic alliances view the process as a series of small actions taken with many people to create a long-term positive growth for your company. The process is more of a marathon than a sprint. Throughout the race, you form alliances and help each other over the long haul.

Have you had a similar experience? If so, how has this played out in your business?  Please share your thoughts in the comment forum below.  Thanks!

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