Richard T. Fields, chairman of Coastal Marina, plans to rebrand the Marina into a Margaritaville concept in partnership with Mr. Buffett.
"Discussions are going very well: the broad concept of partnership we and [BBC] Worldwide think has potential, value and synergy," he said.
Thus, an approach based on the concept of partnership is essential to work toward a common goal to obtain the right pump for an application.
This concept of partnership runs throughout the OGP as the initiative champions the idea that civil society organisations and governments should work together to push forward the open government agenda.
And for many, possibly, it will have the same painful conclusion.The main problem is that in recent years the concept of partnership has been stretched to fit a new business model.
For example, our experience at the Resource Alliance of working with NGOs of all shapes and sizes around the world has shown that many charities and philanthropists just give lip service to the concept of partnership when in reality they work in silos.
It is a "new concept of partnership and governance developed through electronic linkage of multi-level, multi-jurisdictional governments and all non-governmental stakeholders such as firms... and citizens".
So, we spend a lot of time on that concept of partnership investing, and we talk about that with our own investment clients, and we think about that as we look at companies.
I believe that more people should be encouraged to work in the field of social entrepreneurship because it promotes the concept of partnership, contribution, and creativity in people's work, and helps them become more mature, as well.
