Economic Development Futures Journal

Monday, August 23, 2004

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Partnership Metrics for Economic Development

ED organizations tend to have many partnerships. That is what our new national survey of EDO's reflects.

How do you measure the value of partnerships? That is the question for the day for partnering ED organizations. Here is a resource that can help: Measuring the Value of Partnering: How to Use Metrics to Plan, Develop, and Implement Successful Alliances, by Larraine Segil. Learn more about the book here.

How does one accurately measure an alliance? With all the factors involved — productivity, decision making, team performance, the number of new customers, and damage control — getting a precise measurement can be a complex and daunting task. Knowing which measurement to use, and at what stage of the alliance life cycle, is critical.

Measuring the Value of Partnering gives readers a system for measuring a relationship's contribution at every stage of the alliance, from creation to implementation to termination. This essential book features case studies drawn from interviews with key players at companies like IBM, Hewlett-Packard, Starbucks, Staples, and Hyundai. Weaving these and other real-life examples together, Author Larraine Segil helps readers develop the appropriate metrics and then shows how and when to use them accurately and intelligently to achieve the greatest impact. Timely and practical, Measuring the Value of Partnering provides the tools for making any alliance is work to maximum organizational advantage.

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