Review commitments before new introductions
Practical answer: Review commitments before new introductions
List the people, information and approvals a trial would need. Identify what the organisation could contribute now and what would depend on a later decision. Avoid describing an aspiration as a current capability. Take a small set of questions into the introduction so the other party can assess whether further exploration is worthwhile.
A potential partnership deserves attention, but the first discussion should recognise the commitments already on the table. August 2022 is a useful point for reviewing available capacity before inviting another organisation to rely on a proposed contribution.
Economic context
The RBA’s August 2022 overview described inflation and rising interest rates weighing on the outlook for global growth. Read the RBA overview.
An illustrative example
Imagine two businesses considering a limited information-sharing exercise. They can agree to discuss the purpose and boundaries before deciding whether resources are available. A useful note records that no delivery commitment has been made. If the discussion progresses, each party can review the practical requirements and authority needed to support a defined trial.
Three points to take into the conversation
- Review existing commitments
- Define possible contribution
- Explore before committing
Before progressing the conversation, check that the purpose, current information, responsible contact and next review date are clear. For a corporate-information, supplier or partnership enquiry, contact EJN Services through its enquiry page.
The economic context comes from the report linked above. The process suggestions and examples are original editorial guidance, not RBA recommendations or records of EJN Services engagements.
