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Jul 15, 2021 · To make sure you don't end up in the wrong partnership, look for these eight essential qualities of a business partner from members of Young Entrepreneur Council. YEC members share their expert...
- Expert Panel
Jul 10, 2023 · A good business partner is flexible, open to new ideas, and ready to adjust strategies as needed. Their adaptability ensures the business remains relevant and competitive even as market conditions change.
- Context
- Building Business Partner Capability
- Behaviors
- Knowledge and Skills
- Summary
Three years ago, in my research-based article "Teams — the new organization design?" https://www.linkedin.com/pulse/teams-new-organization-design-ian-foster, I discussed how teams and “networks of teams” are increasingly how work gets done in organizations. Many of us now work in multiple teams and, as organizations strive to integrate digital tech...
There is no one-size-fits-all approach to business partnering. Each representative (partner) on a team needs to bring all aspects of their functional and technical expertise and leverage it to shape advice for that business. Based on research and experience, I offer a capability framework for Business Partnering (Figure 1.) and details of the behav...
Key behaviors that can help professionals to succeed as business partners, include: 1. Intellectual curiosity: an interest in learning and a genuine desire to know by digging deeper and coming up with new ideas 2. Agility: being preparedto jump into new projects and roles and learn through new experiences 3. Courage & risk-taking:speaking up and ch...
The knowledge and skills underpinning each of the 6 capability areas shown in Figure 1. are discussed below. 4.1 Business, Commercial & Digital Acumen Commercial acumen, strategic thinking, and the ability to influence decisions are key business partnering skills. Partners will be expected to demonstrate expertise in their functional domain and kno...
Organizations increasingly use cross-functional teams to implement business and digital initiatives. The ability to partner effectively with other business functions and stakeholders is a driver and vital component of cross-functional team performance. By investing in the development of individual and organizational capability in business partnerin...
Oct 28, 2022 · Explore a potential partner’s goals and values. A business partnership agreement will lay out the business structure and address legal matters. But it can’t fully account for every strategic decision during a company’s lifetime. Look for a partner that shares your values and vision for the future.
Dec 18, 2018 · Eight business development experts weighed in on what makes a great partnership. All photos courtesy of individual members. 1. One Proactive "Owner" Per Partner. One person from each side of the...
- Expert Panel
Jun 9, 2023 · A good business partner is someone without a ton of surprises hiding in the wings. Your business partner should be someone with whom you can put your head down, come up with a plan and execution strategy, agree on roles, and then move forward.
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Looking for a business partner who can help you take your company to the next level? It's a good idea to find someone who has these abilities.
