Our whole world is intricately balanced on the partnerships we forge and foster.
We make partnerships with our family, with our significant others, with the next generation and with our colleagues.
It makes sense that a business entity needs its own set of partnerships to survive, but forging professional partnerships is not just something that happens without a great degree of planning and some serious effort.
The World Economic Forum and Accenture report up to 84% of executives say ecosystems are important to their strategy.
Strategic Partnerships form a core part of your business ecosystem. Business will inherently struggle on their own to satisfy the ever-changing needs of their audience. A good ecosystem will help you rise and soar above the rest.
Here’s 5 reasons why partnerships are integral for the growth, success and longevity of your business, in good times and bad…
Forging strategic partnerships does require effort and expertise, and it’s something we pride ourselves on being pretty good at here at Ingredior.
If you’d like to learn more about how you can partner with other businesses for profit and growth, we’d be delighted to meet with you for an obligation free consultation to see how we can help you make this dream a reality.
In the meantime, we have compiled a worksheet to assist you to assess your own value proposition before you begin to approach potential strategic partners to make linkages with – a great place to start!
- The beauty of a partnership is being able to reward your strategic partner with assistance in an area where you perform strongly, and they may currently find themselves lacking.
- Before you can get started you really need to ensure you have a good grasp of your own unique partnership value proposition (UPVP) – what can you offer to others? What are you looking for in others to assist you?
- You know your business best, advice is always welcome but whether or not you heed it depends on how it aligns with your overall direction and goals.