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 international business, 'alliance management' is key to managing cross-border partnerships effectively. An international manager might state, 'Through skilled alliance management, we navigate cultural differences and regulatory challenges in global markets.'

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.

Innovation

Scenario:

The collaborations within the innovation cluster have been delivering great results. We need to ensure these partnerships work in unison for maximum impact.

Response:

I couldn't agree more. Through reliable alliance-management, we can drive maximum impact from these collaborative efforts within the innovation cluster.