At IEEE-ISTO, we see industry consortia and technology collectives working on various electro-technology innovations today that prove highly impactful to industry, ecosystems, and humanity. A key component that these progressive groups share is their adherence to a Technology Roadmap. Technology Roadmaps are vital in conveying the short and long-term goals and strategies of member organizations. We see how they align members [...]
In today's fast-paced technological landscape, industry organizations are crucial in driving innovation and ensuring new technologies reach the market effectively. Here are the top 10 ways these organizations can help further technology innovations and market adoption: Fostering Collaboration and Partnerships Encouraging cross-industry collaborations: By bringing together diverse stakeholders, including startups, established companies, and academic institutions, industry organizations can foster an environment [...]
In the changing landscape of alliance or consortia management, industry leaders face unique challenges. From shifting member expectations to economic pressures and rapid technological advancements, these groups must adapt to thrive. Let’s explore some strategies that could shape the future of these types of organizations. Rethinking Value Propositions Associations or consortia traditionally define their value based on their mission. However, in [...]
For consortia, generating non-dues (i.e., membership fees paid by members of a consortium) revenue can be a helpful resource to supplement growth and sustainability. Relying solely on membership dues can limit a consortium’s potential, but by exploring alternative revenue streams, these collaborative groups can fund new initiatives, enhance member services, and strengthen their overall financial health. Here are the top five [...]
When it comes to consortia or association management, outsourcing administration and operations can offer several advantages. In our experience, here are the top five reasons why consortia thrive when they partner with organizations like IEEE-ISTO: Focus on Core Competencies: Outsourcing alliance management allows organizations to concentrate on their core competencies. Managing alliances involves intricate coordination, relationship-building, and strategic planning. By outsourcing [...]