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Strategic Partnership

Strategic Partnership

In a strategic partnership the partners remain autonomous; split the benefits from, risks in and control over collaborative activities; and make continuing impacts in strategic fields. Most often, they are created when organizations need to develop innovative competencies within their current business (Henderson, 2014). Strategic partnerships can take the structure of joint venture, minority equity investments or non-conventional contracts (such as joint research and development, long-term sourcing, mutual services/distribution).

Pathway to strategic partnership

An organization recently ventured into the renewable energy field and was in dire need of a reputable strategic partner. We ascertained the best strategy was to seek a global company with a stellar track record in the renewable energy field.

Fortune global 500 company identified

Complete Anecdote:

Renewable Inc* was awarded a hybrid energy contract. However, the contract was contingent on getting a strategic partner with strong track record in the renewable energy field. Renewable Inc asked Comoroz to find a strategic partner that will assist in making this project come to limelight.

*Our client confidentiality is taken very seriously. Although names have been changed, the outcomes are real.

Creating a better world required teamwork, partnerships, and collaboration, as we need an entire army of companies to work together to build a better world within the next few decades. This means corporations must embrace the benefits of cooperating with one another

Simon Mainwaring