It is not practical for most consulting companies to attempt to meet the total needs of a customer. Doing so adds stress and inefficiencies on the firm. As a business management consulting company, we find that partnerships allow us to further our reach while relying on the expertise of niche firms. It keeps us stay honest by not claiming to be a 'jack of all trades'. The positives are - we end up with a more satisfied client and our firm get to create potentially lasting relationships with other organizations.
I recently came across the following blog on the Profit.com website. It is worth the read!
"The partnership is crucial to the growth of any business venture. Merchants and traders from time immemorial have made use of the principle of a strategic partnership to conduct their businesses; the trend is still very much applicable today. A partnership manifests itself in different forms, ranging from business owners cooperating to invest in a project to share technical knowledge and ideas between firms. Whatever any business does, it is important to look for the right partnership agreement that benefits both parties."
You can read/listen to the entire blog at: https://lnkd.in/dj-yv48