1) No clear (roles ,responsibility & business) definition
2) Not knowing clear strength of the partner
3) No idea of how team can produce results which individuals can not
4) Different (Goals & Values)
5) No (large heart & attitude of leg go)
6) Attitude, ego and I (don't need ne one / I alone can do it) mind set
7) Mixing personal problems with business issues
8) Joining hands (without due diligence or for limited selfish motives)
9) Unable to accept one as a leader
Ambanis, Bajajs, Goenkas, Birlas, Mafatlals, Microsoft Partners, Salim Javed, Thackreys are examples of many many many such broken partnerships in business, politics and families.
Mostly it destroys value, Its sad , its worthless & repenting in the long-run. Synergy is in joining hands & reverse of synergy is in separation.
I invite readers with many more such insights for the benefits of other readers.
Only your points 4,5,6 relevant seen my uncles fight over a huge company and destroy value in just a decade!Trust,jealousy can kill a firm just as it can kill any relation
ReplyDeleteYes different partnerships have seen different colors of separations. Its gud that u cud relate to points 4 to 6.
ReplyDeleteFew comments on Linkedin On this Post:
ReplyDeleteVishnu Dubhashi • partnerships fail primarily because of egos .....of people who are supposed to drive them
Suresh Nadarajan • very proper
ramesh rao • we are good as single entities,poor as a group.it is very difficult marry with hetrogeneous mind set.
Parag Bhise • Objective of one of the partners or Both of them is to cheat in more than one ways.
Breach of trust.
Comments on Linkedin On this Post:
ReplyDeleteAnimesh Sarkar • One only enter into business not just to earn but he is the person of mind set who is not able to work under anybody's supervision because he has his own outlook to do things a person with cooperative nature, team players prefer job. In partnership though at the beginning they thought to be like minded but in long run one tends to dominate another this is the nature of a businessman. Since both are equal and having at-least same ideology in one point that "they are independent" this only bring the partnership to break.
additionally where one partners shows his negligence in day to day business activities and always escapes his part of work..
ReplyDeletePosted by Eduwaves -Transforming 'd' Education on LiniedIn