Showing posts with label partnering. Show all posts
Showing posts with label partnering. Show all posts

Monday, August 12, 2013

Survival Tips for "Flying Solo" in an Alliance




I often say that the alliance manager plays a role similar to an airplane pilot when it comes to managing a strategic alliance relationship. Like pilots, alliance managers are responsible for getting the alliance "off the ground", navigating the partnership through turbulence and weather conditions (changing market conditions, competing interests, conflicting organizational models, competitive threats, etc.), and "landing safely" (delivering the goals of the alliance).

Throughout the flight, we have to get our passengers - internal and external stakeholders (sales, marketing, legal, professional services, etc.) aligned so we can achieve alliance results. During most flights, an airplane will be off course for about 95% of its flight. Similarly, during the life of an alliance, the alliance manager has to work continuously to keep the partnership on course. Alliance management, like fllying looks effortless, but doing it well requires a lot of skill and expertise.

Pilots usually partner with skilled co-pilots to build successful flight plans and coordinate actions during flight. Alliance managers on strategic, complex partnerships also work with a "co-pilot" - their alliance counterpart at the partner's organization - to help build the joint alliance plan, manage conflict, and navigate the partnership.

But what do you do when you are "flying solo" - when you don't have an alliance manager assigned to the partnership from the partner's company?

  1. Determine if you're flying a "Cessna or a Dreamliner". 
    • If this is "Cessna" - a partnership with a start-up or a small partner - it's highly unlikely that they'll have a full time alliance manager on staff. Just make sure the person they assign to work with you on the partnership has authority to make decisions and expect that you are going to have to lead the joint development and execution process. If this is a "Dreamliner", and this is a strategic partnership with a large company, you are going to need a skilled co-pilot to get this thing off the ground. Without one, expect a very bumpy ride.
  2. Build your Flight Plan. 
    • Weather you're flying a Cessna or a Dreamliner, if you're flying solo you really need to make sure you have a flight plan. Your flight plan, or alliance execution plan is what you'll use to ensure you get to your destination. Without a co-pilot, you'll be doing most of the heavy lifting. 
  3. Communicate frequently with the "Control Tower". 
    • Identify and build strong connections and relationships with executive sponsors at the partner's company. Without an alliance counterpart, you'll might not get a lot of assistance navigating the partner organization and building executive relationships, but it will be critical that you identify executive sponsors and get them connected with their counterparts within your company. You will need to ensure that you understand their interests and that you align the partner plan to support their interests and the interests of your internal sponsors.
  4. Plan for turbulence. 
    • Even under the best of circumstances, alliance management can be challenging work with lots of ups and downs. Good alliance managers always plan for contingencies and identify and manage risk. Flying solo adds another level of risk to the flight, so you'll need to set expectations with your executive sponsors accordingly. 
Follow these survival tips and you'll help guide your partnership through friendlier skies!











Tuesday, May 14, 2013

Oil and Water DO mix



Recently I heard a chef being interviewed on the radio discussing his book on cooking myths. He said the biggest cooking myth is adage that oil and water don't mix. According to the chef, oil and water DO mix - when you add an emulsifying agent.

That got me thinking about the role of Alliance Managers. We are great emulsifying agents!

Our job is to keep things that don't normally stick together - like say two account execs from two different companies - together. Left to their own devices, two sales reps from two different companies can be like oil and water - they will not stay together without an emulsifying agent. Enter the alliance manager.

The role of the alliance manager is to keep the radio tuned to every reps favorite radio station - WIIFM or What's In it For Me. We've got to make it clear to both reps what's in it for each of them to collaborate, and we have to build a bridge of trust between the two parties. At SAS we use an Account Introduction Form (AIF) and an Account Engagement Agreement (AEA) to set expectations, build trust and provide a framework for the sales collaboration.

Key "emulsifying" skills for alliance managers are alignment, conflict management and resolution, negotiation, and most of all - strong EQ or emotional intelligence.

Alliance managers employing these skills will keep their alliances "sticking together."



Wednesday, August 29, 2012

Top 5 Things Your Executives Need to Know About Alliances - #3


Alliances Make the Pie Bigger


There is sometimes a misconception that working with partners is a “zero sum game”  - the more money a partner makes on a deal, the less money your company will make on a deal. In actual fact, more times than not, a partner will help make the size of the pie bigger – “supersize” the deal if you will. How? In a few ways.

1) Scale
At my company, we have several partners that are much larger organizations with thousands of employees and deep presence in Fortune 500 firms. We also have a very large network of smaller partners, who may not have the same reach as the larger partners, but do have deep domain expertise in areas where we need it, and are "boots on the ground" for us in many accounts.  In both instances, partnering with these firms enhances our reach, drives customer satisfaction, and extends our influence.     

2) The vision thing

Many customers have at least one "trusted adviser" consulting organization that they engage at the C level to advise them on vision and strategy. These firms have significant influence with customers and in the IT industry, determine or influence the "stack" (software/hardware solution components) that is ultimately sold to the customer. Partnering with these firms early can put you in the "pole position" in this process and uncover opportunities that you did not even know were there. And turn what for you might have been a departmental sale ($) into a much larger enterprise ($$$) sale. 

3) Access to new markets

Often companies will use partners to establish their presence in new geographic markets. In this case, partners not only increase the size of the pie, they serve up the pie, too!


4) Deal acceleration

Partners can really help provide account intelligence that help you identify potential risks to deal closure. Partners can also help you mitigate those risks to help increase the odds of closure. They can also help validate your solution (through Proof of Concept support for example) and can accelerate your sales cycle, helping you close deals faster. All of these efforts increase your revenues.

Next post - Top 5 Things Your Executives Need to Know About Alliances -  #4 : Alliances Help Drive Innovation

Wednesday, August 8, 2012

Top 5 Things Your Executives Need to Know about Alliances - #2




    Alliances are a Team Sport


The alliances organization is a completely dependent organization  – that is to say, we are completely dependent upon the involvement of other organizations to successfully develop and execute alliances. When we make a commitment to a partner, we are making a corporate commitment to that partner on behalf of our company. This means that many organizations at our company (sales, product marketing, product management, professional services, legal, field marketing, external communications, etc.) have a role to play and will be engaged early and often as we establish and develop partnerships.

Therefore, as an executive, in order to ensure high performing alliances, it's not only important that you have strong collaboration skills within your alliances organization, you must also ensure that these skills permeate across the company. You want an "alliance aware" organization - where all the departments that are involved in establishing and developing alliances understand how to collaborate, manage conflict, ensure alignment and drive positive outcomes for BOTH companies.

Alliances are a team sport!

Next post: #3 Alliances Make the Pie Bigger

Tuesday, July 31, 2012

Top 5 Things Your Executives Need to Know about Alliances - #1


As alliance managers, sometimes our biggest sales job of all is convincing our internal executives of the value of alliances and what it takes to make them successful. Among the key questions we need to answer are:

  • What is involved in establishing new partnerships? 
  • Why do we need partners? 
  • What do alliance managers do anyway? 
  • Why do I care?

Do you get these questions from your executives? 


In my next several posts I'll cover the Top 5 Things Your Executives Need to Know About Alliances.


1.       Alliance Relationships Require Care and Feeding


Alliance relationships are much like personal relationships, they require care and feeding to establish and grow. Alliance relationships are made up of a series of personal relationships between executives and stakeholders at both companies. Managing these relationships, developing the shared vision and constructing and executing the joint business plan, is the raison d’etre of the Alliance Manager. All alliances are established based on a promise of mutual value. The role of the Alliance Manager is “value creation” – orchestrating resources, aligning strategic goals, managing conflict to ensure that both our company and our partner realize mutual value.


Next post - #2: Alliances are a Team Sport



Wednesday, June 6, 2012

Curiosity Killed the Cat (but Saved the Alliance)


More from Vantage Partner's Alliance University class delivered by Stu Kliman.

Curiosity - genuine and honest curiosity, is a critical mindset for successful alliance managers. This is the mindset for effective conflict resolution. Why?

When we are in the midst of conflict with our partner or with an internal stakeholder, we tend to assume our intentions are good (and we are "right"), but we don't always extend the benefit of the doubt to our partners. We assume we understand their intentions (bad) and that we are in full possession of all the facts.

The fact is, the only thing we know with certainty is what's going on in our own head!

Understanding our partner's interests and intents requires breaking through our "certainty" and adopting a mindset of curiosity. "Hmmn, she has a completely different take on this situation than I do. I wonder what data she's looking at? I wonder what's her reasoning is? I wonder why she feels this way". These are the questions that start a learning dialog.

And curiosity, genuine and true curiosity about our partners interests and intents, is the starting point to resolving conflict in our alliance relationships.