6 focuses for managing partners

businessman giving instructions to his colleaguesplus 37 specific traits for evaluation.

by august j. aquila
what makes a great partnership

according to marc rosenberg, managing partners should focus on the following six areas*:

more on great partnerships: 13 points of a good compensation plan | how mps can make a real difference | 5 reasons that leaders fail | 11 things all partners must do | why partners need written goals | the 6-step plan for transitioning clients | fighting restraining forces | chemistry and mutual respect matter | great cpa firm partnerships begin with trust | the 4 best ways to use pre-retirement partners | work together better in 11 steps | drop politics, be accountable | what makes a successful strategic plan?
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  • leadership
  • profitability
  • strategic planning
  • team building
  • learning/training
  • asset protection

each of these areas is important and worthy of further discussion. the size of your firm, number of partners/owners and the existing management team will influence the areas of importance.

* used with permission.

the following rating scale applies:

  • ee – exceeds expectations
  • me – meets expectations
  • ni – needs improvement

leadership

chart of leadership traits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

strategic planning

chart of strategic planning traits

 

 

 

 

 

 

 

 

 

team building

chart of team building traits

 

 

 

 

 

 

 

 

 

 

learning/training culture

chart of learning/training culture traits

 

 

 

 

 

 

 

 

 

 

firm profitability

chart of firm profitability traits

 

 

 

 

 

 

 

 

 

 

 

 

asset protection

chart of asset protection traits