Question

Which action are important to creating effective partnershipS??​

Answer 1

Ways to Build a Successful Partnership

Set clear expectations. You should have a strong connection with the business you partner with, but hammering out the details of that partnership has to be more technical than emotional.

Consider your partner a part of your team.

Give the partnership room to grow.

Make honesty and transparency your watchwords.

Answer 2

The effective partnerships are created between people with the same compatibilities of sharing similar values and standards. The partners should be aligned together for the future with a mutual understanding and purpose. There should be transparency in their dealings with each other.

Explanation:

• The partnerships should have a mutual understanding with clear expectations from each other.  

• There should be a defined business structure that can help to remove any form of confusion and disagreements with clear and well-defined roles.  

• The partnership should be made on the basis of a legal contract with clear financial dealings.

• It should be based on honesty and integrity and with frequent communication with each other.

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