Strategic Partnership Notes: Definitions & Explanations PDF | Download eBooks
Study Strategic Partnership lecture notes PDF with project management definitions and explanation to study What is Strategic Partnership?. Study strategic partnership explanation with project management terms to review project management course for online MBA programs.
Strategic Partnership Definition:
In strategic partnership, the customer and supplier form a team that may or may not become an entity separate from the originating organizations.
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Strategic Partnership Notes:
There are many different situations when an organization needs to work closely with other organizations, parties or individuals to get things done. This help can be achieved by developing partnerships. Partnerships aid in working together for an objective that benefits both the parties. Partnership is needed when complex projects are carried out and it can be internal and external. When the partner belongs to outside the organization, it is referred to as external partnership. Many different types of external partnerships exist. One of them is called strategic partnership. Strategic partnership is an advance form of partnership. In this type or partnering relationship, the customer and the supplier work strategically together and sometimes the supplier is also involved in the strategic decisions within the project. The supplier under strategic partnership is involved in the project from start to end i.e. from conceptual stage to the closing.
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