Investment partnerships allow companies to optimize their resources by combining competencies and experience. When leveraged appropriately, a professional partnership provides opportunity and value to all participants.
Because people have different opinions, situations may arise where decision-makers cannot agree on the same course of action. Collaborative communication can prevent this difference in opinion from spiraling out of control and causing damage to a partnership’s synergy.
A host of professional disputes begin because of misunderstandings regarding decision-making authority. According to Business News Daily, participants in a partnership should make fair and clear determinations about leadership roles. These designations can include topics such as buyout rights, monetary distributions and ownership rules.
People in charge of making critical decisions have the responsibility to make informed and educated choices to protect the investments of the other participants. Others can voice their opinions which can encourage healthy negotiation to determine the best course of action. However, once decision-makers determine a final outcome, everyone else should offer support.
Listen with intent
There will undoubtedly be times when disagreements arise in a partnership. This is not uncommon and not all bad. When people understand how to listen to each other and respectfully communicate, they can embrace each other’s differences and reach an amicable and rewarding solution. According to INC., intentional listening plays a big role in collaborative communication.
During discussions, people should listen to each other and resist the urge to mindlessly begin forming their response while the other person is talking. They should refrain from interrupting. When it is their turn to talk, people should reiterate their understanding of the other party’s concerns.