Chapter

Partnerships

Jana Matthews and Jeff Dennis

in Lessons From the Edge

Published in print September 2003 | ISBN: 9780195168259
Published online October 2011 | e-ISBN: 9780199849734 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195168259.003.0004
Partnerships

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Finding a partner can be advantageous in a way since a partner that complements you can compensate for a lack of certain skills, capital, network, and other tangible and intangible resources that can promote a company's growth. However, there are some instances wherein having a partner cannot just disrupt the operations of the business, but also affect funds, relationships with family and friends, and reputation. Whether a partnership turn out good or bad depends greatly on the person you choose as a partner and whether this person possesses the same goals, expectations, and values as you. A partner must be able to understand and agree upon certain rights and obligations that are to be followed when carrying out a joint project.

Keywords: partner; partnerships; resources; expertise; skills; business operations; agreement; responsibilities

Chapter.  9455 words. 

Subjects: Innovation

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