relationshipbuilding
It’s estimated that upward of 70% of strategic partnerships end in failure, with some of the most commonly cited issues being unrealistic expectations, disagreement over objectives, and poor trust and communication. But when respective parties get the formula right, great value can be created far beyond what any one company can do alone. What’s the differentiator? Research from the University of Tennessee (UT) suggests the strongest alliances in business focus on finding collaborative solutions specifically tailored to the needs of each partnership. There’s a tendency for business relationship...
CIO
Relationships have been a consistent part of professional activity since the beginning of civilization. Egyptian laborers had to collaborate effectively as they dragged stones to the pyramids of Giza. Serfs had to work together to grow and distribute enough food during the Middle Ages. Arctic explorers had to support one another as they sought the location of the Earth’s two poles. In the 21st century, the need for workplace relationships endures — even if things like remote workspaces and asynchronous work schedules are changing how workers build and maintain relationships. Despite these chal...
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