A strategic partnership is a formal alliance between two commercial enterprises, usually formalized by one or more business contracts but falls short of forming a legal partnership or, agency, or corporate affiliate relationship.
Typically two companies form a strategic partnership when each possesses one or more business assets that will help the other but that it does not wish to develop internally.
One common strategic partnership involves one company providing engineering, manufacturing or product development services, partnering with a smaller, entrepreneurial firm or inventor to create a specialized new product. Typically, the larger firm supplies capital, and the necessary product development, marketing, manufacturing, and distribution capabilities, while the smaller firm supplies specialized technical or creative expertise.
Another common strategic partnership involves a supplier / manufacturer partnering with a distributor or wholesale consumer. Rather than approach the transactions between the companies as a simple link in the product or service supply chain, the two companies form a closer relationship where they mutually participate in advertising, marketing, branding, product development, and other business functions. As examples, an automotive manufacturer may form strategic partnerships with its parts suppliers, or a music distributor with record labels.
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Reveille and Hyperbole: Caliper, a leader in human resources consulting and assessment, and SkillSurvey, the pioneer in web-based reference checking, announced a strategic partnership for the recruiting market.
The two firms' offerings will help third-party and corporate recruiters increase placements and ensure job candidates have the skills required to succeed.
Beeline, the workforce solutions business unit of MPS Group, Inc., announced that it has acquired Employer Services Corporation (ESC), a leader in recruitment process outsourcing. Terms of the transaction were not disclosed.
The RightThing, Inc. and Talent2 International Limited announced an alliance to offer global Recruitment Process Outsourcing (RPO) services. This alliance brings together two regional leaders in their respective markets; with The RightThing focused on North America and Talent2, based in Australia, focused on Asia and the UK.
Natural Learning Concepts is dedicated to the promotion of the 'remarkabilities' of those on the autism spectrum, and its highly effective books and materials provide invaluable learning and social support for those with autism and their families worldwide. It should be no surprise, then, that Natural Learning Concepts has now launched a vital and exciting new resource to assist people on the autism spectrum in finding employment, with its new Autism Job Placement resource (http://www.nlconcepts.com/autism-jobs.htm)!
Deck Chairs: The Institute for Corporate Productivity (i4cp), the leading research organization focused on improving workforce productivity and bottom-line results within corporations, today announced the completion of a $6 million Series A financing. Co-led by IDG Ventures Boston and Trinity Ventures, the funding will enable the company to expand sales and marketing, broaden its technology offerings, and grow its product suite. As part of the funding, Jeff Bussgang from IDG Ventures Boston and Patricia Nakache of Trinity Ventures will join the company's board of directors.
You Should Know: India: Kalam call to reverse brain drain
Mysore, President A.P.J. Abdul Kalam called upon the knowledge industry to reverse the brain drain by beckoning all those bright Indians who had gone abroad in search of greener pastures.
'We have witnessed the brain drain taking place for many years. The factors behind the brain drain have been painful to me. With the country making progress in all spheres, it was time all such people are brought back,' Kalam said while addressing budding Infoscians at the Infosys Technologies campus here, about 140 km from Bangalore.
In this context, the president cited the example of the university at Nalanda in Bihar, which trained people from about 90 countries in ancient times.
'Later what happened to our country? Why bright people left the shores? I want this trend to be reversed. Institutions like Infosys, which runs a global training facility here and excelled in the field of IT, should help in reversing the brain drain,' Kalam said.
Infosys non-executive chairman and chief mentor N.R. Narayana Murthy, who returned to India after a stint in the US to set up the IT giant, welcomed the president's suggestion.
'I fully support it. It will be important for us to provide the basic necessities such as good English medium schools for their children, decent housing and better commuting facilities.
'I have met Indians settled in many parts of the globe and they have great affection for their motherland. They want India to succeed and progress. High income in foreign countries will not stop them from coming back to their motherland if we provide them better amenities,' Murthy pointed out.
Monsters & Critics
Deep Release: A New Brain Drain in West Virginia
West Virginia is suffering again from a problem that also plagues many small and poor developing countries: a brain drain.
Webster's defines a brain drain as "the depletion of the intellectual or professional resources of a country, region, etc., especially through emigration."
It's nothing new for us. A Census Bureau study shows there are 1.8 million people living in West Virginia — and 1.2 million state natives living elsewhere. (The states you're most likely to find Mountaineer expatriates are Ohio, 298,008; Virginia, 142,368; and Florida, 122,427.)
In just the last week the loss of smarts has ranged from the highly publicized departure of West Virginia University head basketball Coach John Beilein to Michigan to the news that Dr. Robert D'Alessandri, the vice president for health sciences at WVU, is leaving to head a new medical college in Pennsylvania.
We've also had a rash of retirements, including:
Jerry Beasley's announcement that he will retire next year after 23 years as president of Concord University.
Billy Jack Gregg's announcement that he will retire in September after 26 years as head of the state Public Service Commission's Consumer Advocate Division.
Although he's only 38, Republican firebrand Vic Sprouse announced he won't run for re-election to the Legislature next year.
And then there are previously announced retirements, including:
David Hardesty's announced plan to retire Sept. 20 after 12 years at the helm of WVU.
By George Hohmann
For The Charleston Gazette
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