|
- Partnering is a relationship in which each partner wins.
- It identifies mutual goals and objectives.
- It develops strategic plans, within the capability of each
partner, to achieve these mutual goals and objectives.
- The partners must understand each other's business well enough
so that they will never ask the other to do something which is
not in the best interest of that partner or the partnership.
- To enhance the business and profits for each other long term,
the partners must be willing to equally share the risks and liabilities.
- Realizing it's not always a 50/50 situation, the partnership
needs to be resilient enough to withstand imbalances for short
periods of time. There needs to be a pioneering spirit that understands
that the end result desired is good for each partner and the partnership.
- Partnering opens channels of communications and confronts
difficulties head-on in a businesslike manner to preserve and
grow the relationship.
|