Friday, July 22, 2011

Step 7 - Becoming Super Leaders - Forge Partnerships

STEP 7: Forge Unimaginable Partnerships with Competitors

This is not just about giants like Microsoft and IBM partnering with each other. How about you as a leader recognizing the need to do so? A lot of leaders have no dearth of talent or knowledge, but very few have the ability to see how others can enhance their leadership mandate.

The Challenge: Personal security v/s professional opportunities.

The Key: We anyway never lived in a world where partnerships didn't matter, but now we can't survive without them.

3 Practical Ideas:
Focus on the gaps: This seems counter-intuitive to even me saying - focus on your strengths. Well, that's what works most of the time. Unless you are a leader in these changing times, where ignoring gaps can cost business opportunities. However, what might be the outcome if the gaps were addressed through partnerships. Rather than taking precious time away from honing, highlighting, and selling your best strengths, it makes far more sense to partner with someone who compensates for the gaps.

Ego issues are passe: Much has been spoken about how huge egos throw the spanner in the works. If self-importance was a (misplaced) mark of a leader in the olden days, then personal security is the latest fashion which is here to stay. It is to a leader's credit to accept, acquire, and appreciate meaningful partnerships.

Grow in partnerships: We aren't doing any favors when we partner with others. Because they in turn are enabling high growth for us. We are able to reach pockets of opportunities that we never thought possible.

Partnerships are not just about sharing resources, they are more importantly about forging bonds.

Coming up next: Step 8: Have a life of your own

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