What are the steps in managing a strategic alliance?

What will be an ideal response?


The first step in managing a strategic alliance is to select a compatible partner with the desired resources. Then responsibility for managing the alliance should be designated to a specific unit with overall responsibility with an individual sponsor for the alliance. The organization should analyze the alliance's priority within its resource allocations and make sure that the necessary resource commitment exists. A clear plan for implementing the alliance should be created and activated. Criteria and a process for evaluating alliance outcomes should be created, as well as a means of distributing performance outcomes to the alliance partners. The value of the alliance partner's own partners should be evaluated and used. Overarching all these activities, is the necessity of creating trust with the alliance partner.

Mathematics

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Mathematics