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Building Partnerships

In: Business and Management

Submitted By topholland
Words 760
Pages 4
BUILDING PARTNERSHIPS

HP1501

Abstract
Building partnerships is a primary need in any business venture. Regardless of whether you are trying to engage in new business or you are working with someone your company has done business with for years, a partnership is a must. There are steps to developing a partnership, especially a new one. Like any good relationship you must know your partner. This knowledge leads to trust and cam make a partnership, professional or otherwise, stronger.

BUILDING PARTNERSHIPS Expectations are that you know as much as possible before you even approach a busy executive for a meeting (Pershing, 2006). Knowing this is the basis for building this particular relationship you have to gather as much information about the organization as possible. There are numerous forms of information that can be obtained without disrupting the organization. Documents. Large organizations are required to publish information that can be useful in our endeavors including, annual reports and10-K and Form 990 reviews. Annual reports can give you an idea of the organizations financial status. 10-K or Form 990 reviews are published yearly, 10-K for publicly traded companies and Form 990 reviews for non-profits. They can give you detailed information to include lawsuits, business plans, information about patents and technologies, and information about products and services (Pershing, 2006). Means to obtain these documents can be the business librarian at most main libraries in most cities. Another excellent source that most of us use daily is the web. Organizations generally have websites that can give you a lot of information to include the image an organization is trying to project (Pershing, 2006). People are also a good source to get information on an organization. The Chamber of Commerce, business schools or professional

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