Strategic Partnerships: The Benefits of Teaming

Teaming is a dynamic activity that requires   collaboration and coordination. At its core, the purpose of teaming is to expand knowledge and expertise so that an organization and their customers can capture the value.

According to a study conducted by Booz, Allen & Hamilton, in the past twenty-five years the number of strategic partnerships has grown by 25% each year. There are a host of reasons why this is the case including:

  • Reduced cost due to shared expenses
  • Defines task and creates better efficiencies
  • Taps into a partner’s expertise in a given area
  • Captures varying perspectives to solve complex problems
  • Produces better outcomes
 

Finding the Right Strategic Partner

It may seem daunting at first, but it is not all that difficult to identify a teaming partner – think of it as networking with a purpose. First, look for an organization that enhances your internal team’s skill sets and fills gaps within your organization. Once firms have been identified ensure that they share your firm’s values. It is at this point that the line of communication should be opened. Then, answer the following questions for your potential partner:

  • How can we work together to expand our reach?
  • What resources can we offer each other?
  • How is this a win-win for both parties?
 

As a design-build firm we have found that creativity thrives when people with varying experiences and perspectives work together on a team. It opens the door to dynamic brainstorming sessions that prevent stale viewpoints and ensures positive outcomes for our clients. It has also allowed us to develop long lasting relationships with architectural and construction firms within our region and around the US.

No matter what your business type is, teaming and forming strategic partnerships to enhance and produces positive result for your customer base is always good business.

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As a fully integrated design-build firm, we specialize in architecture, engineering, construction, and development to help organizations with building needs all across Upstate New York. Visit us on the web at www.vipstructures.com or contact us on the sidebar by filling out our short form fill. Subscribe to our blog to get the latest news about what is happening in the A/E/C/D world

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