joint venture marketing
The term Business Architect continues to grow in prevalence, but many people are still unfamiliar as to what they actually do. These business professionals can be especially valuable to joint ventures in the way they bring companies together to create innovation, see the “bigger picture” and benefit all involved.
Business architects can be highly effective in some of the following areas:
- Directors of corporate leadership change
- Creators of joint ventures
- Developers of innovative programs
- Managers of new ventures and partnerships
Although these professionals can work in many different types of business settings, their underlying goal is always the same: help business achieve greater effectiveness and success.
Role of the Business Architect
Organizations prosper because of congruent, continuous decision-making on all levels of business. Performance measures need to be aligned with the organization’s strategy. A Business Architect documents and defines a business strategy using requirements provided by their clients. They evaluate the big picture, how the work process is directed and then design ways to take revenues to the next level. Fundamentally, their purpose is to allow businesses to have the highest probability of success against the competition.
In a joint venture, they will develop the best strategy through an analysis of the companies’ objectives and goals. Often creating strategies and innovative techniques the joint venture partners can embark on together. Much like the traditional building architect creates a plan and how to implement the building process, the business architect can be the primary foundation for a successful joint venture.
Advantages of Using a Business Architect
The business architect can assist the business owner with developing a joint venture strategy by assisting in every aspect, from defining goals to choosing partners. They can put in place strategies to define governance and accountability, as well as organizing information to assist in the decision making process. Having this kind of support can make the difference between whether a joint venture will succeed or not.
The business architect usually is a savvy communicator. Their experience and expertise can establish a connection with venture partners, define rules and support you in the joint venture process. They can provide a completely unbiased view of the advantages or disadvantages for engaging in a particular joint venture deal.
If you are looking to expand your business, or perhaps engage in a joint venture, a business architect can help you bridge that change to enjoy greater success.
christian fea is CEO of Synertegic, Inc. A joint venture marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.
To discover more joint venture marketing Strategies join his free Joint Venture Marketing Wealth Report