Let`s look at five types of common strategic partnerships and what is taken into account in a typical strategic partnership agreement. In principle, any technological know-how necessary for your business that you cannot make available internally can be reallocated to a strategic technology partnership. The choice of a technology partner should be based on an assessment of your needs and an assessment of the benefits of concluding the agreement. First of all, I would like to know why you want to conclude a strategic partnership agreement. A non-equity alliance occurs when two companies agree on a contractual relationship that allocates resources, assets or other resources. Many examples of strategic partnerships are also considered non-equity alliances. Like strategic partnerships, strategic legal alliances offer companies a number of benefits through legal agreement, including additional resources, manpower and brand power. It should also be kept in mind that strategic partnerships can also reduce risk. This means, for example, that if you choose a strategic manufacturing partner that manages a plant and insures its employees, you will be dispossessed of responsibility for operating a similar facility. Is your company in a strategic partnership? Tell us how it works for you in the comments below. We would be happy to hear your successes in your strategic partnership. Another type of alliance is a strategic technology partnership.
This type of strategic partnership includes working with IT companies to keep your business afloat. It can be a partnership between your web design company and a specific IT repair service that you always call in exchange for a reduced service price. It could also include partnering with a cloud-based storage platform to meet all of your file storage requirements. Pharmaceutical company, Abbott`s agreement in India to market Zydus Cadila drugs throughout India. An agreement like this allows each company to focus on what it does best.