How Do You Build Alliances in Business?
Posted on 12th December 2023
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There are some common challenges and concerns I noticed happening right now in many organisations I work with, and they are:
🔄 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀
🔄 𝗦𝘁𝗮𝗴𝗻𝗮𝗻𝘁 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻
🔄 𝗠𝗮𝗿𝗸𝗲𝘁 𝘀𝗮𝘁𝘂𝗿𝗮𝘁𝗶𝗼𝗻
🔄 𝗥𝗶𝘀𝗸 𝗲𝘅𝗽𝗼𝘀𝘂𝗿𝗲
What emerged in a recent team coaching session is that all this can be mitigated by one single action (well... a set of actions) that is a win-win for the company and the individuals.
And that is 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮𝗹𝗹𝗶𝗮𝗻𝗰𝗲𝘀, in or outside the organisation:
𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 ➡️ alliances pool resources, reducing costs and increasing efficiency.
𝗦𝘁𝗮𝗴𝗻𝗮𝗻𝘁 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 ➡️ collaboration sparks fresh ideas, pushing the business to innovate faster.
𝗠𝗮𝗿𝗸𝗲𝘁 𝘀𝗮𝘁𝘂𝗿𝗮𝘁𝗶𝗼𝗻 ➡️ alliances open new markets, helping the organisation break through saturation points.
𝗥𝗶𝘀𝗸 𝗲𝘅𝗽𝗼𝘀𝘂𝗿𝗲 ➡️ collective strength mitigates risks, offering a safety net in tough times.
So while the importance of building alliances is obvious, it's a little less obvious 𝗵𝗼𝘄 𝗬𝗢𝗨 𝗰𝗼𝘂𝗹𝗱 𝗱𝗼 𝘁𝗵𝗮𝘁, so I summarised some key actions for you and your team to take to navigate challenging times.
Have a look and let me know... have you ever invested time in building alliances at work? What other suggestions could you add on top of mine?