Ideal Relationships Companies look for ideal partners that will increase their competitive advantage and secure their leadership in the market. Despite what everyone thinks about the business relationship, what it is important are the seven characteristics the potential candidate possess that Kwicien (2012) said an ideal partner should hold some or all as follows:
• “Complementary domain expertise
• Synergistic products or services
• Carrier relationships (preferably not of the duplicative variety)
• Compatible technological capabilities
• New sales channels or markets
• Compatible management style, business model, structure and corporate culture
• Shared vision for the future of both of the businesses involved.”
In the following discussion are examples of a successful and a failed relationship, three additional strategies for human resources (HR) for “thinking outside of the box,” and HR’s limit in budgeting and the possible consequences of original thinking in searching for …show more content…
HR can set up “thinking outside the box” strategies to test if the potential partner is worthwhile or a bust.
Human Resources: “Thinking Outside the Box” for an Ideal Partner Alliance Enterprises have thought about what makes a partnership work for them in the long run such as common financial risks and sharing resources. Kwicien (2012) listed seven characteristics about what an ideal partner alliance should look like; however, what looks good on paper may not benefit all parties involved. Sometimes, it is important to have additional strategies in place to assess if the relationship is a right fit for an organization. According to Brown and Hogg (2012), they gave three growth strategies to evaluate potential alliances as follows:
• “Establish criteria for your alliances.
• Establish an evaluation
• “Complementary domain expertise
• Synergistic products or services
• Carrier relationships (preferably not of the duplicative variety)
• Compatible technological capabilities
• New sales channels or markets
• Compatible management style, business model, structure and corporate culture
• Shared vision for the future of both of the businesses involved.”
In the following discussion are examples of a successful and a failed relationship, three additional strategies for human resources (HR) for “thinking outside of the box,” and HR’s limit in budgeting and the possible consequences of original thinking in searching for …show more content…
HR can set up “thinking outside the box” strategies to test if the potential partner is worthwhile or a bust.
Human Resources: “Thinking Outside the Box” for an Ideal Partner Alliance Enterprises have thought about what makes a partnership work for them in the long run such as common financial risks and sharing resources. Kwicien (2012) listed seven characteristics about what an ideal partner alliance should look like; however, what looks good on paper may not benefit all parties involved. Sometimes, it is important to have additional strategies in place to assess if the relationship is a right fit for an organization. According to Brown and Hogg (2012), they gave three growth strategies to evaluate potential alliances as follows:
• “Establish criteria for your alliances.
• Establish an evaluation