Have you ever thought why firms are encouraging partnership deals? Strategic Partnership is an alliance between two business parties or business enterprises, usually bound by a contract, but as such, there is no legal partnership or corporate alliances.
Doing ample research on it, I finally concluded that it’s a kind of mutual partnership between two firms where they may vary in sizes, the larger may assist in marketing, manufacturing or supplies while the smaller may provide technical assistance or expertise. In the book ‘Contemporary Strategic Analysis’ it has been very clearly stated that this kind of mutual partnerships helps firms to have a mutual relationship and to build benefits at the end of both the parties altogether.
Getting into more of it, I came to know that, there might be intellectual partnership ownership and tech transfer deals, more business opportunities created in the due course of partnerships, co-inventor ship, and many mutual business deals. This kind of relationships is made out of extreme negotiations. One of the bigger examples is when a music dealer might form a partnership with record labels or manufacturer may form partnerships with suppliers of raw materials etc.
So log on to Fagnum.com for better understanding what firms are doing in the strategic partnership. This can also help increase traffic to their websites as Fagnum will write blogs for other firms and in return, firms can write up on Fagnum’s web portal.This way we can help to drive traffic to other firm’s websites and we return you traffic and a higher Search Engine ranking as well. So, encourage this mode of a strategic partnership between firms and see how brilliantly it works!
The strategic partnership is growing between businesses. It enables firms to outsource their marketing and HR activities to other firms, to cut down on costs and encourage better business deals. Well, withFagnum this is a bit different. Any blogger can write blogs and useful content and Fagnum will publish it .They can also write blogs for other publisher’s and if they want they can indeed publish them. In turn, Fagnum helps them to drive traffic to their websites. This is a growing new form of business models which firms are resorting to.
Here I tried to list down, some advantages of strategic partnerships:
SOME RULES TO BUILD UP GREAT STRATEGIC PARTNERS:
KEEPING IN MIND THESE SMALL DETAILS IN A WAY BENEFITS ALL OF THE PARTIES INVOLVED IN BUSINESSES. As, the mutual partnership helps in getting like-minded professionals work together on a common platform, greater business growth and higher returns on investments. Businesses need to build up their capabilities around these partnership deals as these help out for larger and greater and better business deals and expansion platform for growth. Businesses are resorting to partnership deals today as this is another way to raise money and cut down on business costs. There are a number of ways to build up company strengths to deliver the best results.
Some great examples are here of Citigroup using Citi Ventures and its relations with Andreessen Horowitz to host for disruptive opportunities in start-ups.Six areas have been focussed on it, banking, financial services, and big data analytics. On similar lines, many companies have come up all the way with business partnerships to host great deals with ROI in businesses. This is how I, came to know quite a lot about this kind of business partnership and I just tried sharing some of my opinions with you.
So, To build a strategic partnership with Fagnum connect at email@example.com and let's help each other in building a better business and reaching out to a wider audience.