International standard for collaborative relationship management launched
Stumble It!The world’s first international standard for managing collaborative business relationships is to be developed by the British Standards Institution (BSI) in collaboration with PSL (a joint DTI and CBI 'not-for-profit' venture).
It will provide a framework for businesses to manage their internal and external relationships effectively within their supply chains.
Frank Post, Marketing Director of British Standards said,
"With outsourcing and off-shoring becoming typical operations for business, there is an increased emphasis on managing effective external relationships. In larger organizations there is also often a need to manage internal relations between businesses and departments. The new standard on relationship management will provide a structure for managing these effectively".
“The standard will address the most challenging aspect of relationship management by providing a strategic framework to facilitate cooperation and integration. It will have wide applications for Government, Industry and Societal organizations on how to collaborate and manage valuable business relationships,” said Mr Post.
The standard will cover a range of areas vital for successful relationship management such as the importance of relationships, awareness, knowledge, internal assessment, partner selection,value creation and innovation, staying together, working and exit strategy.
Provided this can become a truely international initiative, stays simple and business-focused and also takes into account the needs of collaborative business networks as well as supply chains then this might be worth tracking.
Digg | 
del.icio.us | 
Reddit | 
Yahoo! | 
Add to my favourites
Comments
Bioteams Books Reviews
Business networks are biological
Networks competing with networks is the future for supply chains. Harvard Professor Marco Iansiti in his book "The Keystone Advantage: What the New Dynamics of Business Ecosystems Mean for Strategy, Innovation and Sustainability" predicts that the future business competition will not be between companies or even supply chains but between networks.
Buy it now from:
Amazon.Com
Amazon.Co.UK
Related News & Media Articles
Bee Game viral launched to fight varroa mite plague
T-Enterprise have just released a new game viral to draw attention to the problems the bee population is facing with the varroa mite which unless something is done could wipe out the entire bee population within ten years.
Businessweek says virtual collaboration is now hot
Collaboration is one of the 6 key areas being exploited by Web Smart 50 companies
Businessweek reports in The Web Smart 50 that..."the Web is not only cool again: It's hot. Sure, this time around it's different. The excitement, so vaporous in the bubble years, now pays dividends in hard coin. Productivity soars, costs plunge, and new markets come to life".
The Ten Commandments for Bloggers
Be ye content with thine own content! The UK Daily Telegraph reports that bloggers have been given Ten Commandments by a recent Christian conference in response to how quickly religious blogs can descend into vitriol. Maybe they should apply to all bloggers?
