STRATEGIC PARTNERSHIPS

-Chairman provides a strategic partnership (also see strategic alliance) as a relationship between BCT and commercial enterprises, usually formalized by one or more business contracts. Our strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Our Strategic partnerships can take on various forms from shake hand agreements, contractual cooperation all the way to equity alliances, and either the formation of a Joint venture or cross-holdings in each other. -Typically, two companies form a strategic partnership when each possesses one or more business assets or have expertise that will help the other by enhancing their businesses. Our strategic partnerships will develop in outsourcing relationships where the parties desire to achieve long-term “win-win” benefits and innovation based on mutually desired outcomes. -Our 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. -Our 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, we and our partner will 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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