Feedback Form

A Business Alliance is Not a Marriage - Part 3

A Business Alliance is Not a Marriage - Part 3

A Business Alliance is Not a Marriage - Part 3

By Victoria Tucker, June 2007

Step 7. Clarify Roles & Responsibilities

Along with your project charter (see Step 2), take time to thoroughly flesh out a roles and responsibilities assignment matrix. Who is doing what and to what degree of decision making is critical. Nothing worse than an alliance member coming back and saying “But I thought you were going to do that!”

What to do? Create a RRAM or RACI chart. Clarify decision makers and degree of authority on both sides of the alliance. Do this for each key project associated with the alliance.

RRAM = Roles & Responsibilities Assignment Matrix (click here to download a free template)

RACI = Responsible, Accountable, Consulted, Informed


Step 8. Shared Pool of Meaning

I’m reminded of a former student of mine who worked for a company created as a joint venture between Hewlett Packard and Kodak in the San Diego region during the mid 90’s. He recounts the story of how during company presentations, there were actually two screens used with two simultaneous PPT slide decks. One screen in the room referenced the vernacular of HP, the other – Kodak. You can imagine how long this company lasted.

What to do? Don’t assume that your definition of Targeted Outcome is the same as your alliance cohort. You need to spend time talking through key points and meanings until each side understands the other. Use stories, anecdotes, or illustrations to convey and codify your meaning. Ask better questions of your counterpart to get at any underlying meaning he or she may have on key topics. Creating a shared pool of meaning only happens when you spend a decent amount of time in one-to-one conversations.


Step 9. Adopt the Author-Edit Rule™

For those in life science industries and high tech R&D enterprises, it’s amazing to me how many brilliant people are sitting waiting for someone else to tell them what to do. “If only my manager would provide the updated roadmap for our department, then I would know what direction to move toward.” “I’m waiting for Samantha to clarify her parameters for the product portfolio.” “Chi-Lu was supposed to fill me in on his plans three weeks ago, but I’m still waiting.” Savvy people twiddling their thumbs equates to loss of productivity and decreased motivation.

Anticipate vs. react.
In alliances, you need to be thinking well ahead rather than hoping all works out well.

Anderson Cooper, reporting on the aftermath of Hurricane Katrina in New Orleans, stated that as he interviewed city and state officials, there appeared to be a common phrase – they “hoped”. He then went on to say that “vision requires more than hope… it requires a plan.”

There’s an interesting rule we’ve discovered. We call it the Author-Edit Rule™. If you author a plan, a concept, a project or an action and then respectfully submit it to your manager and or your peers for their edit, you’re likely to get much more of a response than if you simply sat back and waited for them to create the thing.

What to do? You be the author of next steps in the alliance project. Is there ambiguity? Lack of clarity in direction? Take a stab at what you believe would be the most reasonable approach to take. Put it on the table with your counterparts and ask them to edit your plan.

At the very least, you’re likely to engage them in a much better conversation than if you simply sat back and waited for someone else to do the work. Also, when you take a more active role in authoring, you end up creating guidelines, and parameters that, in many cases, others end up adopting.





A Business Alliance is Not a Marriage Part 3 - To learn more about this author, visit Jeremy Tucker's Website.

Like this article? Share it with your friends

Related Forum Posts Article Feedback
Article Feedback No article feedback found.
Leave Your Feedback

Related Articles Related Articles
“Your Strategic Thinking Coach’s List of Ten Key Components of Effective Strategic Alliances”
  A strategic alliance is a partnership, a collaborative agreement and/or a relationship between two or more companies or organizations formed to pursue a set of agreed upon goals while remaining independent companie...
A Business Alliance is Not a Marriage - Part 1
  “What kind of team building can we do to get both sides of our business alliance working better together?” “How can we get them to trust us more?” “As partners, shouldn’t we be looking at the balance between risk an...
How to Build Successful Strategic Alliances
  First of all, what is a strategic alliance? A strategic alliance is a partnership, a collaborative agreement and/or a relationship between two or more companies or organizations formed to pursue a set of agreed upo...
A Business Alliance is Not a Marriage - Part 4
  “What kind of team building can we do to get both sides of our business alliance working better together?” “How can we get them to trust us more?” “As partners, shouldn’t we be looking at the balance between risk an...
A Business Alliance is Not a Marriage - Part 3
  “What kind of team building can we do to get both sides of our business alliance working better together?” “How can we get them to trust us more?” “As partners, shouldn’t we be looking at the balance between risk an...

Related Forum Posts Related Forum Posts
Funny one liners! Funny one liners!
Re: Blog entries... how many is too much? Re: Blog entries... how many is too much?
Delegating to Help A Home Business Run Smoother Delegating to Help A Home Business Run Smoother
My entry My entry
Re: Blog entries... how many is too much? Re: Blog entries... how many is too much?
Business Coaching Internship Review Business Coaching Internship Review
Re: $8 website turns into a million-dollar empire Re: $8 website turns into a million-dollar empire
Re: Blog entries... how many is too much? Re: Blog entries... how many is too much?

Related Forum Posts Related Businesses - Evan Elite Authors
David Barr
David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website

Jeff Foster
WebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. - Visit Jeff Foster's Website

Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website

Casey Gollan
Casey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website

Kim Castle
With nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website

Bernard Reber
Back in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website

Dr. John Oda
John Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website

Leanne Hoagland-Smith
Are your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website


To learn more about the Evan Elite Author Program please contact us.

About The Author


Jeremy Tucker
(Visit Jeremy's Website)
ZeroBoundary, Inc - Project Management & Leadership Development by Design We are designers. We are subject matter experts with solutions. We are your partners. We design services and products that help individuals and companies learn. We believe that one size fits one, not all, so we custom fit learning to real business applications. Our learning tools take the squishiness of theory and make it practical, especially in the areas of project management, leadership development, workforce engagement, communication and innovation. Within our organizations… Within our global communities, there really are… No Borders. Zero Boundaries. Visit Us at: www.zbglob al.com
About The Author

View Author Blog
View Author Blog

View Author Video
View Author Video

Free Downloads


Jeremy Tucker's

Complete
List Of
Leadership
Articles

First Name
Last Name
Email
Where do fish swim?
Water or Grass
 
If you enjoyed this article, get Jeremy Tucker's Complete List of Leadership Articles For FREE!

More Jeremy Tucker
The Einstein Factor in Leading Science Based Projects Part 4
A Business Alliance is Not a Marriage Part 2
A Business Alliance is Not a Marriage Part 4
The Einstein Factor in Leading Science Based Projects Part 2
A Business Alliance is Not a Marriage Part 1
The Einstein Factor in Leading Science Based Projects Part 3
A Business Alliance is Not a Marriage Part 3
The Einstein Factor in Leading Science Based Projects Part 1
Become An Author


 
 
 



Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?


Sales Lessons From Starbucks And Dell