Written By If you’ve ever made a big decision, you know how stressful and overwhelming it can be. But imagine being responsible for making those decisions on behalf of an entire global organization. That’s where the importance of partner input comes in, according to EY Global Chair Carmine Di Sibio. In this blog post, we’ll dive into his insights on why seeking out diverse perspectives is essential for success in major business moves. Get ready to learn how collaboration and open communication can drive impactful outcomes – no matter your industry or role.
The Importance of Partner Input in Major Decisions
As the global chair of EY, one of the world’s largest professional services firms, I am constantly asked about how best to get partner input into major decisions. The answer is not always straightforward.
There is no single right way to do this, as the key factor is whether or not a proposed decision will benefit both firms and their clients. Many times, a proposed decision will only benefit one firm or the client—and often not both. In those instances, it is important for partners to be involved early on in the process so they can provide feedback and advocate on behalf of their clients.
Here are five tips for ensuring partner input into major decisions:
1. Involve partners early in the decision-making process.
Partners should be invited to participate in all stages of the decision-making process, from Idea Stage through Implementation Stage and Post-Implementation Review (PIR). This allows them to provide feedback on how the proposed decision could benefit their clients and firm alike. It also allows them to have an eye on future implications of the decision so they can advocate for their clients if necessary.
2. Monitor potential outcomes closely.
Partners should monitor potential outcomes of proposed decisions in order to ensure that they are beneficial for both firms and their clients. If a proposed decision has potentially negative consequences for either group, partners should raise concerns with management immediately so that corrective action can be taken. This proactive approach will help ensure that
How to Get Partner Input
There is no better way to learn about a business or an industry than to get the input of your partners. The chair of EY’s Global Board of Directors, Aneesh Chopra, says partner input is critical in making decisions that will impact the company’s future. “We increasingly rely on our clients and other key stakeholders for their insights and perspectives,” he says. “Collaborating with them throughout the decision-making process helps us better understand what they want and need, enabling us to make informed choices that benefit our company.”
To ensure that partner input is effectively incorporated into major decisions, Chopra says it’s important to involve them at various stages of the process. Early on in the deliberations, he recommends talking with clients and other key stakeholders about what they’d like to see from the business or organization in question. This type of dialogue builds trust and relationships that can last long after a given decision has been made.
Further down the line, Chopra urges companies to continue gathering feedback through surveys and focus groups. These tools allow partners a voice in shaping company strategy and helping determine whether proposed changes are actually recommended by those who matter most—the people who use your products or services every day.
Four Tips for Getting Partner Input in a Major Decision
There is no doubt that input from partners is an important part of making decisions as a CEO. In fact, the EY Global Chair said that partner input should be “the cornerstone” of major decisions. Here are four tips for getting partner input in a major decision:
1. Build a Framework for Partner Participation
Before you even start discussing a decision with your partners, make sure you have an outline of what you want to achieve and how you plan to get there. This will help keep the conversation focused and on track.
2. Involve your Partners Early and Often
Don’t wait until the last minute to involve your partners – let them know about potential changes as early as possible so they can provide feedback. And keep in mind that not every aspect of a decision requires their consent; often times it’s best to just go ahead and make the change without their approval. However, if they have any strong objections or concerns, it’s important to address them head-on so everyone can come to an agreement on how to move forward.
3. Communicate Effectively With Your Partners
Make sure all communication with your partners is clear, concise, and easy to understand – both verbally and in writing. Trying to cram too much information into one conversation can be confusing, which could lead to disagreements later on down the line. And finally, always respect your partners’ time – don’t waste theirs by trying to force them into discussions they don’t want
Conclusion
As businesses grow, it becomes increasingly important for leaders to have a partner-driven approach in order to make informed decisions. By engaging with various stakeholders throughout the decision-making process, companies can ensure that their priorities are aligned with those of their key partners and customers. This helps create a sense of cohesion and community among all involved, which ultimately leads to better business outcomes.
