When you’re trying to develop a serious alliance with another company, it’s essential for every leader to closely evaluate the blindspots and keep their eyes open for any red flags. Test the waters lightly and take small steps before jumping into a full business commitment.
Fostering an environment of communication that enables each party to be clear, transparent and comfortable about sharing their company’s core values, mission statement and long-term expectations is the best way to handle any negotiation or potential business collaboration before you sign the dotted line and have to deal with buyer’s remorse. For further ideas on how to cultivate a win-win relationship with another company or organization, apply these 12 suggestions, courtesy of members from Forbes Business Development Council.
Members pictured from left to right.
Photos courtesy of individual members.
1. Work In A Transparent Manner…
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