Managing Strategic Alliances and Partnerships Dr. Kathleen McGroddy-Goetz, Managing Principal,
Download ReportTranscript Managing Strategic Alliances and Partnerships Dr. Kathleen McGroddy-Goetz, Managing Principal,
Managing Strategic Alliances and Partnerships Dr. Kathleen McGroddy-Goetz, Managing Principal, IBM Engineering and Technology Services The Importance of Alliances & Partnerships Opportunity for mutual success Penetrate new market Customer access Credibility Enhance offering Adjunctive technology Ability to influence Standards Define new market Challenges Preconceived notions Putting each other in a box Cultural clashes Navigating internally “One throat to choke” Credibility in the marketplace Are you here to stay? Threat of competition By partner With other potential partners Planning for Success Start the relationship Find synergies, common goals, and differentiating value Gain executive support with key influencers Be persistent Manage the relationship Ownership Define roles and responsibilities Communication – build trust Grow the relationship Highlight early successes Constantly look for new mutual opportunities Make it personal Long term relationships The Challenge Medtronic, Inc. Medtronic required a platform to communicate with its line of programmable cardiac pacemakers ThinkPad® technology as a motherboard reference design Custom-designed medicalgrade power supply The customer selected IBM because of our advanced skills and technology base IBM custom-designed pen and touch screen system The Solution 15-inch LCD display Access to IBM expertise and technologies IBM's ability to supply components at a very cost competitive price IBM Value Proposition System Integration: Thermal chart recorder in a magnesium case Medtronic, Inc. Cardiac Pacemaker Programmer Customer Benefits Ease of use Increased market share Allowed customer to focus on their core business Sharing common goals Unique value that differentiates "The stunning deal between IBM and the University of Pittsburgh Medical Center is not only a landmark for those two organizations but a new standard for the type of forwardlooking, precedent-setting relationship that should begin to characterize the new ways the IT customers and vendors regard each other, " says Bob Evans, editorial director, InformationWeek.