Tina Corner StolzLXCouncil | The Global Leader in Peer Advisory Councils · Founder of LXCouncil - the leading global educator for peer advisory councils

Unlocking Success Strategic Partnerships to Empower your Members

Name: Unlocking Success Strategic Partnerships to Empower your Members
Uploaded: 2024-10-16T08:00:19+00:00
Duration: 55 s
Channel: Tina Corner Stolz
Description: In this segment, the speaker emphasizes that strategic partnerships—particularly with banks or other influential centers—are a core ingredient of…

16 Oct 2024 · 1 min

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In this segment, the speaker emphasizes that strategic partnerships—particularly with banks or other influential centers—are a core ingredient of success. By actively listening to members' worries about interest rates, election outcomes, and labor‑market conditions, organizations can relay these concerns to their partners. Sharing this insight adds value for the partner, positions the organization as a trusted conduit of member sentiment, and opens the door to partner resources that can help members navigate economic uncertainty.

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If you have strategic partners, so many of you know that that's one of our key ingredients to success is strategic partnerships. But what is on their minds can be extremely beneficial to them. But let's say, for example, you have a bank that is your strategic partner or a key center of influence, and your members are, let's say, worried about interest rates and what that's going to do to slowing down their business. And they don't know about what's going to happen with the election necessarily. And that has the impact on whether interest rates are going to rise or the labor market and all of this. Well, you might share that with the bank and say, you know, this is what they're feeling. So it gives value to your strategic partners, your centers of influence, and allows you to tap into resources to help your members on those topics.