Question

- How can firms increase the likelihood of forming a successful global alliance?

Answer 1

Alliances are formed on the premise of cooperation where one company, proficient in perry mom one function forms an alliance with another, strategically combining the exp[ertise of both in order to overcome the challenges a market brings into the equation. Now, we need to consider that in order for a global alliance to be successful, we have to recognize the presence of difference and efficiently leverage these differences to bring forward the best possible use of the resources, considerations and work within the constraints better. Encouraging collaboration is another medium to overcome conflicts and improve both the synergy and productivity of the people. Developing a good working relationship would not only be useful in workforce management but also providing structural and functional support to both parties. Stakeholder Management is one of the basic necessities that need to be established early on in the partnership since alliances do not have an immediate payoff, sustainability needs to be maintained throughout the key milestones and therefore, through efficient leadership, these challenges can be overcome. It, therefore, provides better value to the relationship in the long run.

A Thumbs Up! would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.