Frequently Asked Questions
What constitutes a partnership?
There are as many definitions for the word ‘partnership’ as there are types of partnerships. For our purposes however, a partnership may be best described as the fusion of two or more stakeholders to develop, deliver a sustained solution to a shared challenge.
Why partner? Because cross-sector or multi-stakeholder partnerships “provide opportunities for mutual benefit and results beyond what any single organisation could realise alone."
How do I know when to partner? Not every challenge or issue will require a partnership. The decision to partner must be informed by the ‘challenge’ or ‘issue’ being addressed, identified outcomes and shared commitment of stakeholders. Speak to your local Partnership Brokers today about whether a partnership is the most appropriate way of addressing your challenge.
What is the role of a partnership broker?
Partnership Brokers build strong relationships with partners, providing direction, tools and insights required to create motivated, sustainable and innovative outcomes to challenges. A partnership brokers’ value includes;
- Supporting partners build partnering skills & infrastructure
- Analysis of challenge & synthesis of the solution
- Project Management/ risk analysis
- Facilitates negotiation
- Provide contemporary & relevant research
- Provide sustainable solutions
- Provides exit strategies
What’s in it for me?
The wide range of benefits associated with cross sector partnering are only just being realised in Australia. A list of potential cross sector partnership benefits can be downloaded here. Partner benefits are also identified against particular challenge models below
What do partnerships look like?
While every partnership is unique, many partnerships are developed in response to particular social, political and/or economic challenges which inform the way or best model in which particular challenges might be addressed. The ‘challenge’ will inform;
- potential stakeholders
- required resources
- duration
- partnership model
The benefits achieved and the outcomes gained from partnerships, exponentially increase with the level of stakeholder commitment, motivation and participation. Once again the ‘challenge’ being addressed will inform the level of investment required by stakeholders.
Challenge Partnership Models
Where do I start?
Speak to your regional Partnership Brokers today for advice on partnering with industry, education, community and industry today.
