By Paul Yung
Heng Ah! Ong Ah! Huat Ah!
Happy Chinese New Year to everyone who’s part of the SJ Echo community who celebrate this auspicious festival!
In this season of good food and great celebration with friends and family, have you noticed a funny Asian food culture, how there is one “paiseh” piece of food left on a dish? And everyone pretends not to want it, and instead we offer the piece around the table in awkward courtesy? I’ve found myself in these situations before.
This got me thinking about partnerships. I have learnt that the key to establishing a successful partnership is to always leave something on the table. This means that we refrain from taking full advantage of the relationship. After all, how will a partnership be successful if both parties are not properly incentivised to make the partnership a success.
To me, a partnership is a symbiotic relationship between two parties that have something unique to bring to the table. This is true for all types of relationships between business partners, husband and wife or any other partnership really. In a business context, we should always start the partnership with proper terms of engagement. This process would typically have both sides annexing their territory, trying to “land grab” as much as possible.
Of course, it’s important to make sure what we do is worth our while, however, in the true spirit of partnering to building long term success, remember to leave enough on the table to incentivise the other party or leave it as neutral ground for future endeavors such as additional partners, staff share pools, growth budgets, etc.
When I know that my partner is being fair and flexible, I would be the same, and these are the buds for a long-term partnership.
I invite you to think about this the next time we engage with someone for any form of partnership. But in a food context, enjoy the last piece of makan and don’t waste any food-lah bro!
Here’s wishing every one of you an auspicious, healthy, and prosperous Chinese New Year!
Dorsett Grand Subang has appointed hospitality industry veteran Nigel Boey as its new general manager, effective Sept 1. Boey brings… Read More
By Anthony Dylan Anak Frankie Jurem I believe our national history is clearer when we understand two important dates. On… Read More
By Sarawakian Have you ever wondered whether a city can have a soul - one with memory, warmth and belonging?… Read More
By Teh Eng Hock Last week, I coordinated another community football game between residents. It has become a routine for… Read More
By Paul Yung A few weeks ago, my daughter Adelia graduated from kindergarten. One week later, she started big school.… Read More
From Sunway Metro to USJ1: The Back Alley Scandal That Exposes Subang Jaya's "Number One" Lie Subang Jaya is fast… Read More