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In an effort to maximize limited resources, many forward-thinking companies are seeking strategic partnerships and alliances. In-licensing and outsourcing have helped many leading organizations increase their production flexibility and lower overhead expenses. Co-promotion deals have allowed companies to share marketing knowledge and resources for mutual gain. As more companies recognize these benefits, however, competition for favorable partners has increased, and companies increasingly feel pressure for their strategic partnerships to be profitable quickly. Moreover, in numerous industries such as pharmaceuticals, the competition for strategic allies has shifted the balance of power between large and small companies and their oftentimes conflicting interests. Executives must now be more intentional in their development of mutually compatible partnerships by deliberately seeking out partners with cultures, strategies and needs that match their own.
Best Practices, LLC’s Research & Consulting service is geared to support organizations seeking to identify and achieve optimal performance. Our quantitative research highlights organizational goals, while our qualitative research enables executives to develop a road map to achieve these performance targets. We address all areas of Alliances and Partnerships, including:
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