Both parties remain independent contractors for the duration of this strategic alliance agreement and have the rights and competences as such. In the natural order of things, a situation arises in two different ways. There is a black and white side in different scenarios. Similarly, strategic alliances are no exception to the general rule. Here are some of the main pros and cons of committing to this partnership. This list will help you evaluate your options if you are considering creating an alliance. At no time during this Agreement may any of the parties concerned negotiate, delegate or assign any part of this Strategic Alliance Agreement to unauthorized third parties. Notification If a notification is requested by one of the parties, it may be served on the party receiving a notification in person or by certified letter. Two heads are better than one. This application of this maxim is part of the daily interactions within the Academy. It also applies in several other situations, including commercial transactions. One of the main advantages of a strategic alliance is that it shortens the time it takes to achieve several goals. Regardless of the type of goals the two companies share, the partnership paves the way for an effective goal.
If Company A`s goal is to reach a wider audience, it`s best to suspect and set goals with a company with a large fan community. Or if several companies want to reduce costs, it`s best to partner with companies with the latest technology and equipment needed to produce other organizations. The effectiveness of the goal in these situations depends on choosing the best possible partner. Once you`ve chosen a particular company you want to partner with, it`s time to figure out how to manage the partnership. You can choose the methods and techniques you want to use to make the alliance work. As a result, the Alliance loses its strategic lead and becomes a traditional business partnership. One strategic alliance that has passed the test of time is the partnership between Starbucks and Barnes & Noble. Barnes & Noble faced the problem that all physical retail businesses faced. The advent of online stores has been a threat to most stationary stores, regardless of their product.
In the midst of all this, the bookstore decided to connect with coffee, which was a staple in most areas – Starbucks. It was a match that was done in heaven. The imagination of a book lover on a quaint afternoon is one with books and a good cup of Joe. With the strategic alliance of companies, the scenario remains only imagination. Almost every Starbucks site has book corners that take care of Barnes & Noble. The ingenuity of this partnership has invited more customers into themselves and encouraged them to stay longer because of the warm atmosphere. The bookstore has resinted the crisis, because no online store can ever offer the appeal and comfort of the Alliance. In any partnership, transparent communication is necessary.. . .