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Corporatepartnerships can deliver incredible results, but they do come with risks. Its best to be prepared for the four main risks that can derail a partnership. The example of Hooters showed that every non-profit needs to consider its core values and whether the partnership is a good fit. Misalignment of values.
With the new season of Formula One beginning this Friday, we were reflecting on the ways that the world of corporate-charity partnerships is similar to the world of the race-track. We’ve come together to share the five key lessons Formula One can teach us about corporatepartnerships. Brakes, engine, tyres fail.
That can be weekend cycling rides or partnership success. Progress in corporatepartnerships is a tricky thing to measure but needs careful attention. Unfortunately, corporatepartnerships don’t play by the same rules as they’re not formulaic, they’re relationship driven. Learn from success and failure.
Many of you have new corporatepartnerships on your wish list for 2024. But nobody is born with a natural talent for corporatepartnerships: it’s a skill that must be nurtured over time. It also feels like I’ve got time; the whole year ahead despite hot cross buns appearing in shops in Boxing Day.
When organisations ask partnership people to focus on bringing in corporate money, they miss the point. Whilst cash helps to grease the wheels of operations, that’s not what partnerships are all about. It leads to corporatepartnerships becoming a marginal activity, not the opportunity for big transformation.
Still, the T-shirts are favourites with my son’s cheekily ironic science and engineering cohort. Myths and unhelpful beliefs can hold you back when you’re embarking on corporatepartnerships. In 2023 there is still a diehard Flat Earth Society, as part of the new anti-science movement but the majority view has moved on.
If you want to build corporatepartnerships it can be tempting to contact lots of random companies and see if any of them are interested. In this blog we share our five recommended features of an ideal corporate prospect. Having a senior contact at a company can make a corporatepartnerships approach much easier.
But we’re here with three key tips to bust those ghosts and get you the partnerships you and your cause deserve. Sumatran Orangutan Society had a great first meeting with a global engineering firm in January of 2021 with their Head of Climate Resilience. Know that “no answer” doesn’t mean no. You can check out the whole programme here.
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