Tuesday, April 10, 2007

I want to know about collaboration and partnership?

The answer may depend upon whether you mean a formal, legal, partnership or an informal one. In legal jargon, partnership describes a business structure with specific responsibilities, accountabilities and liabilities and I cannot comment on workability in that case.

An informal partnership appears to be the same as a collaboration. Two or more people getting together to create something, each contributing a share of talent, energy and resources and each receiving a share of the results. In my experience both can work so long as the people involved are compatible.

Compatibility is a complex matter and, in addition to having complementary skills and talents, is importantly about a shared willingness to subordinate ones own personal preferences to the needs of the project. Competition is death to a collaboration or partnership. I suspect this is the factor responsible for the conventional wisdom that partnerships are risky.

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