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When evaluating partnerships, we look for seven factors or outcomes, which are described below.
1. Institutional Partners That Link to the Goal
- The partners should be goal oriented such that they combine their efforts to ensure that the firm’s goals have been achieved.
2. Evolving Structure and Partners
- The partnership structure and membership should also evolve with time as this is a sign of growth However, to create change within a partnership, flexibility must be exercised— effective partnerships require the trust and confidence that will allow partners to come and go as needed.
3. Leadership in Key Positions
- The partners should also have leadership qualities so as to steer the company in the right direction.
4. Inclusive Decision making
- The partners should work as a team to make critical decisions. The partners very quickly become disenfranchised, disengaged, and uninterested if they feel the same individuals are always making all of the decisions. For example, based on their history, community-based organizations tend to feel distrust in partnerships with educational institutions; while they are at the table, they do not feel like equal partners. Ensuring that the partnership stresses communication and decision making on equal footing is extremely important.
5. Appropriate Governance Structure
- A partnerships governance structure also matters. The governance structure of any partnership must be examined to determine whether it functions effectively for the purpose at hand.
6. Mutually Beneficial Interactions
- Partnerships, especially those with diverse partners, should feature mutually beneficial relationships. Partners should interact in ways that benefit individuals and their organizations, as well as contribute to the partnerships overall goal .
marto answered the question on January 30, 2019 at 08:25
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