Elements of a good partnership

When we think about relationships and business perhaps the follow elements should be considered: trust: without trust there can be no productive conflict, commitment, or accountability. This does not mean that partners are in exact alignment, but partners need to agree upon the firm’s core values. When partners have defined expectations and understanding of each others’ strengths, they develop a mutual respect for each other. Respecting your partner in key areas is indispensable in making a partnership work. The above elements of a good partnership won’t make much difference if there is not good or great two-way communication in the firm. Managing partners and partners need to communicate frequently and effectively to make a partnership work.