Principles of Partnership
Partner has become quite a buzz word in the business world. Companies to whom we outsource things used to be vendors—now we call them partners. Customers whose businesses we support used to be clients; we call them partners now too. My question is, do the relationships we have with those we label partners truly result in partnership?
Partnership happens between people.
Partnership is something that takes place between people, not corporations. Sure one company can strike an agreement with another to join forces and advance a common goal, but that doesn’t equate to partnership. The human relationship is foundational to partnership—true partners are as invested in each other personally as they are in the union they have formed.
Partnership depends on mutuality.
Partnership isn’t about meeting the needs of one party over another; it’s about coming together to enable mutually beneficial outcomes. Each partner is clear on what the other has to gain (or lose) as a result of the relationship. A mutuality of intention, commitment, respect and trust enables both partners to make decisions based on a clear understanding of what is important to the other, and why.
Partnership is about contributing 90%.
Sounds odd, right—especially since true partnership is about giving 100%, one-hundred percent of the time. The point is that most of us enter into these things with a focus on what we’re getting, not what we’re giving. If we held ourselves accountable for contributing the majority share of what’s needed to make the relationship successful and we expected very little in return, there would be a lot fewer failed partnerships.
Partnership is a marathon, not a sprint.
Like most meaningful relationships, partnership takes time to grow. So if you’re expecting an instant ROI, you could be disappointed. That’s not to say that new partnerships are void of near-term results—teaming up can sometimes propel you to the next level instantly. What’s important to note is that true partnership is about being in it for the long haul, not the quick hit.
Partnership can be hard.
Human relationships can be challenging, so it stands to reason that partnership can be too. Disparate ideas, divergent opinions, difficult conversations—when differences arise, the prospect of working alone can become pretty darn appealing. That’s why open dialog and ongoing communication are vital to the health and sustainability of any partnership, enabling you to more easily work through the challenges that do occur.
What’s your take on Partnership? Get in touch and let me know.