A Business Architect Can Benefit Joint Ventures!
Author: MANISHSACHDEV
Date Created: Jul 15, 2008 - 10:18:24 AM
The term continues to grow in prevalence, but many people are still unfamiliar as to what a business architect actually does. Business architects are especially valuable to joint ventures because they bring together companies to create innovation. They essentially see the "bigger picture" between two companies and bring the corporations together to benefit all involve.
Where do Business Architects Work?
Business architects are highly effective in various settings:
-Directors of corporate leadership change
-Creators of joint ventures
-Developers of highly innovative programs
-Managers of new ventures and partnerships
Business architects can all work in different settings; however, their underlying goal is the same: help the business achieve greater success and effectiveness.
The Role of the Business Architect
Organizations prosper because of congruent, continuous decision-making at all levels of the business. Performance measures need to be aligned with the organization's strategy. A Business Architect documents and defines a business strategy using requirements provided by their clients. The Business Architect evaluates the big picture, how the work process is directed ' and then finds way to improve the business to take revenues and effectiveness to the next level. Fundamentally, the business architect's purpose is to allow businesses to have the highest probability of success against the competition.
In a joint venture, it can be a business architect that will develop the best strategy through an analysis of the companies' objectives and goals. Often the business architect will create business strategies and innovative techniques that the companies can embark on together. Much like the traditional building architect creates the plan and how to implement the building process, the business architect can also be a primary foundation for a successful joint venture.
The Advantages of Using a Business Architect
The business architect can assist the business owner with developing a joint venture strategy. He or she can assist in every aspect, from defining goals to choosing venture partners. The savvy business architect can put in place strategies to define governance and accountability, as well as organizing information to assist in the decision making process. Having this kind of support may make a big difference in whether a joint venture will succeed or not.
The business architect usually is a savvy communicator. Their business experience can establish a connection with venture partners, define rules and support you in the joint venture process. The business architect can also provide a completely unbiased view of the advantages or disadvantages for engaging in a particular joint venture deal.
The title "Business Architect" still eludes many. Perhaps a better title would be that of "problem architect." If you are looking to expand your business, or perhaps engage in a joint venture, a business architect can help you bridge that change to enjoy greater success. Fundamentally, a Business Architect is to a business what a Project Manager is to a project ' guiding joint ventures to a higher level of success. The investment in a business architect may very well pay off significantly in the profitable foundation built with the joint venture partnership.
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