Alliances go wrong most frequently due to neglect of the first stage–strategy development. We focus companies on ensuring that deals are structured correctly from the outset, with a solid understanding of mutual economics.
Alliances and joint ventures serve many purposes, including filling gaps in capabilities or facilitating new market entry. Several trends drive the value of these partnerships, including:
AaronRichards assists clients through several stages of the joint venture process, including:
We have found that alliances go wrong most frequently due to neglect of the first stage, strategy development. Therefore, we focus disproportionately on ensuring that alliances are structured correctly from the outset, with a very clear, shared vision and a solid understanding of mutual economics. At the same time, we have experience coming into an alliance after problems have appeared and supporting management on a restructuring to optimize value for both parties.