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What are the most effective ways to manage partnerships for long-term productivity?

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Partnerships are essential for philanthropy, as they enable collaboration, innovation, and impact. However, managing partnerships can also be challenging, especially in the long term. How can you ensure that your partnerships are productive, aligned, and sustainable? Here are some effective ways to manage partnerships for long-term productivity, based on best practices from the philanthropic sector.

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1 Define your goals

Before you enter into a partnership, you need to have a clear idea of what you want to achieve, and how you will measure your progress and success. This will help you identify potential partners who share your vision, mission, and values, and avoid any confusion or conflict later on. You should also communicate your goals to your partners , and agree on the roles, responsibilities, and expectations of each party.

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CHARLOTTE Bosc

Directrice communication et marketing chez RSM FRANCE
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Tout dépend de quel c?té vous êtes : en recherche de partenaires ou sollicité pour être partenaire. En recherche, il est évident qu'une connaissance approfondie de vos cibles est indispensable. Comprendre ses objectifs, ses freins, son moteur. J'ai souvent été du c?té de celui que l'on vient chercher. Une approche personnalisée est toujours gagnante même si elle n'aboutit pas la première fois. Elle laissera de toute fa?on la porte ouverte pour revenir. C'est plus de boulot au départ mais moins de perte à l'arrivée.

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship
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Most new partnership ventures fail due to NOT understanding how each member will contribute to the venture. Of the 34 partnerships I created, three of them failed because one of the members did not follow through with their promises. In each case, they were boasting about their connections, but did not specify what they would do to expand operations. In all three cases, we disolved the corporation because the errant partners were not willing to change. Therefore, make sure all partners specify exactly what they will do, when and where such acts will be conducted.

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Josh Burns

Leading people with empathy // Growing nonprofits & businesses through digital marketing // Agency Founder // Husband & Dad
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Defining internal goals is important, but what often gets overlooked is helping understand the goals of the partner. Understand their skills, passions, and how they want to get involved, so you can best help them utilize those for the partnership.

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2 Build trust and respect

Trust and respect are the foundation of any successful partnership. You need to establish and maintain a positive relationship with your partners, based on mutual understanding, honesty, and transparency. You should also respect the diversity, expertise, and autonomy of your partners, and avoid imposing your own agenda or perspective. To build trust and respect, you should communicate regularly, listen actively, and provide feedback and recognition.

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship
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Diversity of experience and expertise is paramount. All partners should bring a different, original and valuable expertise into a partnership. Each must be able to explain how their contribution can lead to the success of the projects being planned.

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Josh Burns

Leading people with empathy // Growing nonprofits & businesses through digital marketing // Agency Founder // Husband & Dad
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Cast vision of your organization for the partner, and help them see how they can fit into the work. Be punctual, authentic, and prepared to answer the questions they may have.

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3 Adapt and learn

Partnerships are dynamic and complex, and they may face various challenges and opportunities along the way. You need to be flexible and adaptable , and ready to adjust your strategies and plans as the context changes. You should also learn from your experiences, and seek feedback and input from your partners and other stakeholders. By adapting and learning, you can improve your performance, efficiency, and impact.

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship
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Whiteboards are still the most effective means of working toward goals within a given setting. By laying out strategies, plans, goals and enabling objectives, each partner can adjust the overall schematic displayed. Hopefully, each change noted on the boards will get the partnership closer to profitability and success.

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4 Share resources and risks

Partnerships are not only about sharing goals and values, but also about sharing resources and risks. You need to leverage the strengths and assets of each partner, and coordinate your efforts and activities to avoid duplication or gaps. You should also share the risks and challenges that may arise, and support each other in finding solutions and overcoming obstacles. By sharing resources and risks, you can increase your capacity, resilience, and sustainability.

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship
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Partnerships should not be considered intra-group affiliations only. Inter-agency partnerships allow adding resources without additional costs. This is especially the case in research groups. Attaining patents, certifications, grants and cooperative ventures can be accellerated through inter-agency sharing of resources.

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5 Celebrate and renew

Partnerships are not static or permanent, but rather evolve and change over time. You need to celebrate your achievements and milestones, and acknowledge the contributions and efforts of your partners. You should also renew your commitment and enthusiasm, and revisit your goals and expectations periodically. By celebrating and renewing, you can maintain your motivation, engagement, and satisfaction.

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship
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One way to celebrate progress and achievements is by publishing results to peer reviewers. In research partnership, keeping media attention on one's progress and achievements tend to attract attention to others who may wish to contribute to the venture.

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6 Seek external support

Partnerships can benefit from external support, such as facilitation, mediation, evaluation, or funding. You may need to seek external support when you face challenges or conflicts, or when you want to scale up or diversify your partnership. You should also be open to external feedback and advice, and learn from other successful partnerships in the philanthropic sector. By seeking external support, you can enhance your quality, credibility, and influence.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the most effective ways to manage partnerships for long-term productivity?

1

2

3

4

5

6

7

1 Define your goals

2 Build trust and respect

3 Adapt and learn

4 Share resources and risks

5 Celebrate and renew

6 Seek external support

7 Here’s what else to consider

Philanthropy

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What are the most effective ways to manage partnerships for long-term productivity?

1

2

3

4

5

6

7

1 Define your goals

2 Build trust and respect

3 Adapt and learn

4 Share resources and risks

5 Celebrate and renew

6 Seek external support

7 Here’s what else to consider

Philanthropy

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