alliance-management

Vocabulary Word

Definition

'Alliance-management' is the process of managing and optimizing the relationships and collaborations between different businesses or organizations. These relationships could be partnerships, joint ventures or alliances where they work together to achieve common goals.

Examples in Different Contexts

In business collaboration, 'alliance management' refers to overseeing partnerships between companies to achieve strategic goals. A business strategist might say, 'Effective alliance management has been pivotal in expanding our market reach through partnerships.'

Practice Scenarios

Academics

Scenario:

The research collaboration with University B has great potential. We ought to steer this well to gain valuable insights.

Response:

You're right. Our alliance-management team is committed to paving the way for a valuable research collaboration with University B.

Tech

Scenario:

Our partnership with the tech giant has opened up a lot of opportunities. We must capitalize on this for our growth.

Response:

Certainly, and that's where our alliance-management efforts come into play, ensuring we exploit this partnership for mutual growth.