Are you in the process of forming a strategic alliance? The book, The Power of Partnership, helps organizations think about key questions to consider when partnering with other nonprofits or businesses.
For example:
What goals can the potential partner help your nonprofit achieve?
Do the organizations have missions, cultures, and values that are compatible?
What would happen if the partnership failed?
It is important to asking these questions early so that you can balance the benefits and risks before entering any agreements. In addition, respondents to a questionnaire conducted for the book identified warning signs that your organization might watch out for:
Is the potential partner showing a lack of commitment?
Does it seem like it will be an unequal relationship?
Find out more about this topic in The Power of Partnership: Principles and Practices for Creating Strategic Relationships Among Nonprofit Groups, For-Profit Organizations, and Government Entities (2008), a book written by the Plexus Consulting Group and published by ASAE & The Center for Association Leadership and the U.S. Chamber of Commerce.
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