April 5, 2024
Unlocking Success with Partners: Crafting a B2B Partner Strategy
Gary Copeland
CRO
In the dynamic realm of technology, devising a B2B partner strategy is not merely a decision but a strategic move geared towards achieving three pivotal objectives: increasing revenues, enhancing brand visibility, and establishing a reputation for pioneering thought leadership.
Traditionally, companies could follow a well-trodden path to address these objectives. Routes to market such as OEM, Distribution, VAR, boutique reseller, and Global Systems Integrators/Outsourcers were clearly delineated, allowing businesses to align themselves strategically based on technical compatibility and value-added services.
The changing focus of the partner ecosystem
As the economic and technology climate fluctuates, the partner ecosystem has undergone a profound evolution. Partnerships now demand a greater emphasis on cost efficiency, delivering enhanced value to clients, and differentiation in an increasingly competitive market. Companies are challenged not only by traditional competitors but also by the convergence of other ecosystem levels vying for market share amidst dwindling customer spending. Any technology supplier wanting to create a partnership needs to consider this changing dynamic and ensure that their messaging is aligned to this.
In navigating this complex landscape, key considerations emerge:
- Identifying ecosystem levels aligned with target customers and technology offerings.
- Assessing technology integration within partner portfolios.
- Evaluating the efficacy of collaborating with evolving entities like GSIs’ amidst their shifting strategies.
The pervasive influence of AI solutions further complicates partner strategies. Regardless of a company's technological niche, AI's allure shapes partner narratives, emphasizing the need for strategic alignment or differentiation.
The unforessen shift in behaviour of the GSI’s
Amidst these shifts, GSIs and Outsourcers stand out as pivotal players undergoing significant transformation. Their traditional revenue streams are shifting, prompting them to explore novel avenues for sustainability and growth. The competition landscape is evolving, with GSIs increasingly encroaching into territory once dominated by traditional VARs, presenting both opportunities and challenges for tech companies seeking market traction.
As the partner ecosystem evolves, companies must navigate a maze of considerations, recognizing that the traditional pinnacle of partnering—a relationship with a GSI—may not universally apply anymore. This paradigm shift underscores the need for strategic agility and foresight in forging partnerships.
Summary
For technology companies embarking on a B2B partnership journey, the current landscape presents unprecedented complexity. Yet, amidst this complexity lies opportunity—the chance to adapt, innovate, and thrive in an ever-evolving marketplace.