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HBR – Cofounder partnerships often fail due to misaligned expectations, poor communication, and power struggles. To create lasting partnerships, cofounders should establish clear roles, maintain open and honest communication, and align their vision and values from the start. Regular check-ins and conflict resolution mechanisms are crucial to addressing issues before they escalate. Building mutual trust and respect, along with a shared commitment to the company’s success, can strengthen the partnership and enhance collaboration.
By Travis Howell, Steven Gray, and Esther Sackett | JUN 13, 2024
HBR – Effective strategy communication requires providing context, which leaders can achieve by presenting rejected alternatives, linking strategic decisions to the company’s purpose, and involving employees in strategy development. Examples from Edward Jones, Roche, DPG Media Group, Premium-Kollektiv, and Bridgestone highlight these approaches. These methods ensure employees understand and engage with the company’s strategic choices, enhancing overall execution and alignment.
