The Strategic Framework for Partnerships and Collaborative Relationships

Companies operate within a competitive ecosystem where suppliers, vendors, and other stakeholders collaborate to gain a competitive advantage. But how can we make collaborative relationships strategically?

Successful companies are those that map out risks and take measures to reduce uncertainty in their decision making.  

For companies operating in the oil, gas, and mining sectors, building strategic relationships and alliances are imperative considering the high risk of injuries and fatalities.

The establishment of such networks, enable greater organisational efficiency and competitive advantage within industry.

Importance of building cross-industry strategic relationships

Cross-industry collaborative relationships can be drivers of unprecedented innovation and effective risk-management. Increasingly companies are looking beyond their own boundaries to develop sophisticated, effective and flexible alliance strategies.

Collaboration involves analysing the benefit that can be obtained for each organisation, which include sharing best practices, challenges, opportunities and promoting relevant tools. It’s the transparency and transference of knowledge which forms the basis of a successful alliance.

How technology can aid in collaborative relationships

Pursuing initiatives around risk mitigation strategies and appropriate tactical solutions are generally a component of such partnerships, particular where technology is concerned.

Technology partners are considered a high priority across all industries due to the fact that technology streamlines efficiencies, reduce costs and increases productivity. Not to mention minimising risks from human error.

SafetyIQ’s, technology as an example, has been successfully implemented across a wide range of industries. Companies are utilising SafetyIQ to monitor their mobile workforce as it gives management visibility over their travelling employees, irrespective of whether they are travelling internationally, domestically,  or commuting to and from work.

The risk involved with travel has increased significantly over the years due to the rise in natural disasters, wars, terrorist activities and general concern with personal safety. Countries are taking this issue seriously and leading the way with legislative changes, particularly in Australia and Canada where effective control measures are required for  lone workers.

SafetyIQ is an essential tool for anyone that travels or has a mobile workforce. Know in an instant where your people are and how you can get to them if an emergency arises.

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