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Strategic Alliances
Describe Each Company
The companies analyzed are the Eastcom Systems and Convergence Strategies. Strategic alliance between Eastcom Systems and Convergence Strategies is formed in direct response to customer demands for International TEM solutions in EMEA and APAC regions. The alliance was formed in November 2009 wherein Eastcom Systems Pte Ltd., the global provider of world class universal cost optimization solutions for large and medium sized enterprises, formed an alliance with the Belgian-based Convergence Strategies, a leading business consulting and TEM solutions provider in EMEA. Both would then jointly serve other multinational corporations in the area of telecom cost cutting on a global basis. (Eastcom, 2011a)
Eastcom Systems from Singapore serves its customers through a network of partners while the Belgian-based Convergence is a business and ICT solutions which provides solutions to business change using business strategies and the supporting ICT solutions that...
The aim is to provide cost savings, increased margins, with better business solutions. Convergence has many partnerships with leading companies worldwide and the alliance with Eastcom Systems was on the telephony sector. (Eastcom, 2011b) The alliance thus can combine the needs of the customers at both ends -- and looking for both kinds of services that can help the client expand. In other words the alliance promotes outsourcing to the MNCs and provides international services jointly.
2) Describe a strategic alliance, including the economic benefits to both parties.
Strategic alliances are the modern world's most expedient organizational forms and are used by companies to enter new markets in mostly developing countries. Thus multinational companies have gone on to create strategic alliances with even non-profit organizations. (Gehrmann, 2005) There is not yet a formula that can measure the success of strategic alliances because the issue of alliance performance is…
3) Identify at least three issues of CSR:
The three major cornerstones of corporate social responsibility have been outlined by Milton Friedman, Evan and Freeman, and Patricia Werhane. There are the three major problems- firstly the corrupt and unethical practices that can come up in corrupt political environments and alien contractors or suppliers who do not provide employee rights, are some of the challenges. (Frey; Cruz-Cruz, 2009)
These are also to be seen from the shareholder perspective, and the alliance perspective. Lastly the problem is of vicarious responsibility which can occur when one partner accepts responsibility for actions executed by another. There are more controls today. The new Corporate Social Responsibility -- CSR agenda that was ushered in during the 1990s has a political profile. Kofi Annan, the then UN Secretary-General, insisted on the in house
Alliances Strategic Alliances and Growth In this modern era when the corporate world is full of competition and every organization is running for its own benefits and generating revenues, alliances and acquisitions are of immense importance. Different firm shave different criteria's of entering into alliances or acquisitions and it primarily depends upon the present situation of the business as well as on the nature of the business. An alliance is an agreement
While companies of all types and sizes stand to benefit from strategic alliances, the relevant literature indicates that companies competing in the hospitality industry are particularly well situated to gain a competitive advantage in this way. In this regard, Rahatullah and Raeside report that, "The strategic alliance literature reveals that resources alone can not bring competitive advantage, but complementary resources can contribute to the strategic fit of partners in the
Strategic Alliances in Multinational Corporations Hewlett-Packard, Starbucks and Wal-Mart all have invested decades of time and expertise into how they structure strategic alliances globally, and each has taken a unique and differentiated approach to fulfilling their strategic objectives for Corporate Social Responsibility (CSR) in the context of these relationships. The intent of this analysis is to address how strategic alliances benefit these companies, an analysis of CSR initiatives arising out of
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Strategic Alignment In the last several years, the Strategic Alignment Maturity model is focusing on understanding how an organization can evolve with the different challenges they are facing. This is achieved by carefully examining the business and IT configuration of the firm. To fully understand how this works requires comparing the model with an actual health care organization (i.e. Kaiser Permanente). These insights will illustrate its effectiveness and how it helps
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