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How Business Networks Can Help Rescue Companies By Anais Lelong

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How Business Networks Can Help Rescue Companies By Anais Lelong

About Business Networks

Global Business Networks are essential in nowadays’ business world, we have no choice but to accept this fact. In effect, no business can survive now without building a proper business network beforehand.

This is the first reality anyone has to understand before starting his business. This is the root of all the worse problems your company could encounter.

This is the key to avoid many problems, but this is also the solution for many problems that may happen anyway. Business Networks can make the difference between success and failure.

Some Steps of Business Networks

First of all, your business network will provide you many opportunities of creating value through collaborative relationships with your partners all over the world. In fact, collaborative relationships are very crucial for business networks to be efficient, as mentioned in Vivek Sood’s book, The 5-STAR Business Network (http://bit.ly/5-STARBN).

If you have built a great business network, you can decide to outsource and implement a process very quickly and safely.

Indeed, once you already have a network, everything becomes much easier and faster. Any time you make a decision, you can choose among your partners and the results will appear very soon.

If you decide to use outsourcing to achieve better results through costs savings and new value creation, your business network will be very helpful in this situation.

Let us say you have a global business network, with partners all over the world, and you want to outsource a specific task in the production process.

Learn How To Make More Business Network.

Once you made that decision, you can have a look among your partners and see what they can offer. If one supplier’s proposition does not suit your project, you just have to look at other proposals from other suppliers.

Having many partners all over the world will provide you different solutions, which can be applied to different problem and solve them very quickly.

Imagine a supplier that does not provide as good results as before, you can find another one, maybe right next-door! This is the beauty of business networks today.

Partners are many and can be replaced any time, according to what your business needs. If a supplier does not match the requirements and goals anymore, your business network will offer you other solutions to solve the problem.

If you look at outsourcing stories, you will rapidly realize that this is true and that business networks are very crucial to your business survival. Let us look at the Red Bull example.

The success story of Red Bull is mostly due to its business network. In effect, Dietrich Mateschitz, the founder of Red Bull is someone who perfectly understood that and used his business network to lead the company to the success.

Skills That You Can Learn From Business Network.

Red Bull is a company that outsources almost everything and this has been possible because of a great business network. He once said, “I support the concept of free competition”.

Obviously, he is in favor of global business competition because he knows perfectly how to deal with it and how to benefit from it!

Business network is the key, and that is what he understood faster than his competitors. He was able to use the global business network to achieve great results for Red Bull.

Many cases of failure are due to improper business network management or simply undeveloped business network.

Old companies that used to achieve good results often happen to sit back and stay on their achievements, but this will lead them to bankruptcy.

Companies have to follow the wave and become more and more global, expanding their network, if they want to survive against world competition.

by Anais Lelong

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Copyright - These concepts, frameworks and ideas are copyright of GLOBAL SUPPLY CHAIN GROUP from the time of their creation. Do NOT copy these without permission and proper attribution.

Notes:

1. These ideas and concepts will be usually expressed by our thought leaders in multiple forums - conferences, speeches, books, reports, workshops, webinars, videos and training. You may have heard us say the same thing before.

2. The date shown above the article refers to the day when this article was updated. This blog post or article may have been written anytime prior to that date.

3. All anecdotes are based on true stories to highlight the key points of the article - some details are changed to protect identification of the parties involved.

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Table of Contents

ABOUT THE PRINCIPAL AUTHOR

Today, Vivek and his partners are among 20-30 people on the planet earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek's journey:

  • Started in 1983 as a merchant navy cadet at 18 years age, worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.
  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in supply chain – against all odds, sought out the co-inventor of supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities and libraries worldwide.

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THE 5-STAR BUSINESS NETWORK

If you are deeply passionate about the world of business and supply chain networks as I am, and enjoy digging answers to critical questions that will help build and steer your business with wisdom, then join me. This book is a journey of exploration through the world of business networks that run along the veins of today’s commercial world.

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OUTPERFORM OUTSOURCE OUTPROFIT

The trend of outsourcing continues to grow unabated with the whole gamut of services, from simple to mission-critical tasks. There is not a single company on earth that does not outsource anything. It is not just about cost arbitrage, it is also a finer expression of division of labour at the organisational level. Like all leverage, outsourcing is a double-edged sword too. On one hand, it allows you to do more, faster. On the other hand, if it goes bad, it can easily kill your business. If you do not believe that is possible – you can google the Fox Meyer saga from the 90s and see for yourself.

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UNCHAIN YOUR CORPORATION

Businesses Are Chained By Unseen Chains. If You Are Looking For Ways To “Unchain Your Corporation” A Successful Business Transformation Is Required.

Successful Business Transformations Are Difficult, Yet Rewarding.

Business Transformation Is Fast Becoming A Question Of Survival In The Modern Globalised Era.

Modern Supply Chains Integrate Businesses And Economies Faster By Systematic Information Sharing From Internal And External Sources.

Companies Can Multiply Profits By Progressively Ramping Up Cohesion And Collaboration Of All Moving Parts In B2B Network To Achieve Tighter Integration.

4.3
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GREEN SUPPLY CHAIN – AN ACTION MANIFESTO

It is generally accepted that environmental consciousness is now changing to environmental proactiveness as organizations are discovering that it makes good commercial sense.

Boards are asking the management to review their policies related to environmental norms, not only to bolster their corporate social responsibility aims, but also because consumers are asking for greener supply chains

It is also widely agreed that consumers will increasingly prefer to buy more and even pay more for products or services provided in an environmentally sound manner.

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