Strategic Alliances2 Strategic alliance is defined as an agreement in which managers pool or share their organizations resources and know how with a foreign company, and the two organizations share the rewards and risk of starting a new venture. There’re many advantages of strategic alliances and network structures as recent innovations in organizational architecture. They can gain better access to attractive country market from host country’s government to import and market products locally. Secondly, they can take advantage of partner’s local market knowledge and working relationships with vital government officials in host country.
It is very important to get working relationship with local government officials. Also they can capture an economies’ scale in production and/or marketing, when they operate together, they can use the same machine or equipment to produce products and use the same marketing channel for both products. This will help them save money and for value for their products. Another very impotant advantage is that they can learn from eachother not only policy wise but technology wise also. They can also share their facilities to knock down so many payments on distribution, helping to strike on their competiotion.
This will also be making the competitors a smaller problem to a bigger, growing company. 7. Useful way to gain agreement on important technical standards, it is easier to set up a standard for the products with a joint effort. 8. Can reduce the cost and more efficient to penetrate the market by doing the followings: a. Joint research efforts b. Technology-sharing c. Joint use of production and distribution facilities d. Marketing/promoting one another’s products. Strategic alliances reflect an unstable economy. They are an attempt to offer stability to the environment.
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Factors of this turbulence are as noted: market globalization; technological innovations that break down barriers among sectors and ever-intensifying competition. Scores of studies have Strategic Alliances3 made known that participating in strategic alliances can boost a firm’s rate of patenting, product innovation and foreign sales. Alliances have a tendency to be informal and do not involve the creation of a new entity. The dangers of ineffective communications within a medical office. Health information managers are responsible for the maintenance and security of all patient records.
If there is ineffective communication in a medical office there is a chance of incorrect information being placed in a medical file or improper information being released from a medical file among other things. Some of the dangers of ineffective communications within the medical offices include; incorrect information being placed in a medical file or improper information being released from a medical file. It can affect your conduct as a medical attendant or physician or it may impact the behavior of your patients. Strategic Alliances4 References: Kazmier. J. Leonard. (2009).
Schaum’s Outline of Business Statistics, Fourth Edition. Published by McGraw-Hill Professional. P 143-148. Manz. C. Charles. Neal. Judi (2008). The virtuous organization: insights from some of the world are leading management thinkers. Published by World Scientific. P 5-10 Rainey. G. Hal. (2009). Understanding and Managing Public Organizations. Published by John Wiley and Sons. P 337-342. Senior (2009). Organizational Change, 3/E. Published by Pearson Education India. P 142-147. Wilson. Peter. Bates. Sue (2003). The essential guide to managing small business growth. Published by John Wiley and Sons. P 92-97
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