CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What are the seven characteristics of a partnership?


Open in App
Solution

Seven Characteristics of a Great Partnership

Trust: Without trust, there can be no clash, negligence in taking on responsibilities new or old.

Core values: One should stand out from the other in their working skills then the actual establishment will be of an effective organization. This doesn’t imply that accomplices are clones of each other, yet accomplices need to concur upon the company’s guiding principle.

Chemistry: How would you feel about your kindred accomplices? Would you make them accomplices today?

Characterized assumptions: The best organizations put forward objectives for every one of the accomplices toward the start of the year. Furthermore, they don’t attempt to make every one of the accomplices do the same things. They hope to use each accomplice’s qualities.

Common regard: When accomplices have characterized assumptions and comprehension of each others’ qualities, they foster shared regard for one another.

Cooperative energy: Great associations make more than the amount of the entirety.

Extraordinary two-way interchanges: Managing accomplices or partners and their needs to convey much of the time and successfully to make an association work.

Also see:

Stay tuned to BYJU’S to learn similar Commerce Questions.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Partnership
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon