When it comes to business strategy, alliances are often part of the execution approach, they are not seen as a separate strategy. In these situations the overall strategy defines where to grow. When it comes to execution of the strategy, the question “make, buy or ally” will determine the execution strategy. There are business managers and strategists that will be open to all options and choose the option best for their organization and best for the specific opportunity. There are business managers who will prefer an acquisition strategy as the results can sooner be counted.
In other situations, alliances are an essential element of the strategy, as the companies have no choice in their particular line of business. In go to market situations many alliances are not an option, but a necessity. Also in the airline business only a few airliners manage to exist without being part of some form of an alliance. In these situations, alliances are not an option, but an essential part of executing the strategy.
How about your organization, do you have a clear alliance strategy or are alliances an instrument to support the execution of your overall strategy?
2 Responses to “Are strategic alliances part of your strategy?”
Yes, in my business we rely heavily on making profitable alliances between companies in related fields, even competitors. By offering services that our competitors don’t do we have been able to gain from their customer base, while they have been able to gain from the customers we weren’t able to support.
thanks Matt, you are confirming my latest blogpost from this morning! 🙂