Initiate and Engage in Collaborations
January 19th 2009
One of the most positive elements that has resulted from the down economy is the increase in strategic alliances, joint ventures, and more companies and individuals participating in collaborations.
If someone conducted a survey to total the number of business alliances and collaborations prior to the downturn, it’s safe to say the number of collaborations now has increased significantly.
In addition, social networking is also substantially on the rise with Facebook outpacing everyone on the social scene, as well as businesses utilizing Facebook profile pages and groups. LinkedIn, primarily a business network that added groups last year, is leading the business social networks, and Twitter – a micro-blogging social network – had a massive 752-percent growth in 2008.
The time has never been better for strategic alliances, collaborations and partnerships, where two or more organizations can bring people and resources together to achieve common goals. The benefits are aplenty with reduced expenses, expanded market reach, increased knowledge, and shared risk.
If you’re not presently involved in a strategic alliance, now may be the best time to explore the potential partners and opportunities for your organization.
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Telios Tips - Blog Archive » Partnering for Value says:
April 27th, 2009 at 9:15 am
[…] January, I shared in a Telios Tip that one of the most positive developments from the down economy was the increase in collaborations […]