Partnerships are now a significant way of doing business, as most organisations need to access, integrate and manage assets, processes and outputs from other organisations. The challenge is to design a partnership which has the necessary speed, effectiveness, responsiveness and efficiency for the goals of the combined organisations. This requires a range of elements to be in place for the partnership, from cultural norms to ethics, from trust to performance to decision structures and governance.
Partnership governance has a critical role to play – getting this wrong drives friction between partners, and turns collaboration to rivalry. Getting it right means both parties can work for the benefit of the partnership as well as themselves.
Fractal’s “ladder governance” model of partnership governance ensures collaborative decisions taken at the right level and can help you develop win-win partnerships.