What makes partnership working effective

The corporation with good partnership will be necessary to acomplish big scale new projects. Sharing the vision is the firstly required to construct the good pertnership. Thanks Tomio. Great to get your feedback. And a really useful reference. Partnership working will become more and more important. Interesting blog, Antoinette — shared vision so key — and where partners come from multiple organisations, sectors, localities, seems essential. Thanks Louise. I wonder how many partnerships or networks actually think about that up front.

Save my name, email, and website in this browser for the next time I comment. Please leave this field empty. Your details will never be shared. By signing up you consent to receiving emails from me Antoinette Oglethorpe in relation to your question. You can unsubscribe at any time. Privacy policy. Louise Wilson Posted at h, 04 July Reply Interesting blog, Antoinette — shared vision so key — and where partners come from multiple organisations, sectors, localities, seems essential.

Post A Comment Cancel Reply. Related Blog Posts. It is important to keep your overall goal front and center, but it is also good to acknowledge the likelihood of everything going as planned is unlikely.

Being prepared and flexible is the key to overcoming curveballs in partnerships. Make sure both parties discuss what could go wrong and how to handle an unexpected situation. Once these have been addressed your teams should develop contingency plans, so you are prepared while also remembering it is okay to pivot strategies when needed to reach a mutually successful outcome. In a mutually beneficial partnership, each partner takes an active interest in the other, while working together to develop shared success.

A balanced commitment and investment from each party ensure the partnership will drive impact, innovation, and longevity in overall returns. Know that if both parties commit to this, you're giving each other a competitive edge. In the end, a mutually beneficial partnership can truly add up to more than the sum of its parts if each party stays focused on the end goal.

Partnerships can create great outcomes but require commitment and resources. Measuring the value of these relationships helps assess the success of the partnership and should be included in every agreement. As an example, consider the following metrics when evaluation:.

Financial KPIs can be used to determine the monetary value of the partnership such as leads generated, active deals, or completed sales. Strategic KPIs can be less tangible but are still important when determining partnership impacts such as awareness, engagement, customer satisfaction, etc. In all partnerships, data should be a critical component of what's agreed upon to help measure what matters.

In conclusion, every partnership is unique, but all partnerships should include the above qualities to ensure mutual success. This ambition, vision, and passion will help partners overcome any obstacles they come across. However, skill sets that differ but match are the best.

One partner might be good with writing up contracts and paperwork, whilst the other might be good with managing and has great people skills. Even though these partners have different skills they can combine them by having their own roles, and actually teaching each other. Learning from each other will help in the long run to success.

Being human, we all have our strengths and our weaknesses, which could limit us to what we can achieve. By partners supporting each other and using the limitations to their advantage, it can actually lead to growth and success.

Weaknesses worked on, can soon turn into strengths. No matter what the limitations, support is the key. The main key that will either break or strengthen the partnership.

Every aspect around the partnership involves communication, positive or negative. What's the point in being in a partnership if issues, or goals, or even thoughts about the future of the partnership aren't being discussed? A partnership might come to a point where there might be a bit of friction, parties not agreeing on certain aspects of the business or even stress, but this needs to be dealt with, and a neutral ground needs to be found. Try and communicate as often as possible. In a partnership, no two people have the exact same role, again due to a different skill set each person will have a role suited to their strengths, and the same role needs to help each person work on their weaknesses.

This role needs to be clear to the parties in the partnership. This is so that not only one partner is under pressure and under stress. The partner roles need to be set right from the start. Further along the line, with good communication, partnership roles can be adjusted or changed. A partnership is only formed when there is a goal to achieve between the partners. Well obviously setting more goals.