long-term-relationships

Vocabulary Word

Definition

'Long-term relationships' refer to enduring bonds or connections between individuals or entities. These can be personal relationships, like a lifelong friendship, or business ones, like a company dealing with a supplier for many years.

Examples in Different Contexts

Within partnership management, 'long-term relationships' are crucial for collaborative success between businesses. A partnership manager might remark, 'We prioritize long-term relationships over short-term gains to create more value for both parties.'

Practice Scenarios

Impact

Scenario:

The key to a successful NGO lies not only in the passion and commitment of its team but also in its ability to form solid alliances with donors and communities. This enables us to make a sustainable impact.

Response:

Absolutely, our long-term relationship with our donors has been instrumental in us being able to make meaningful changes.

Tech

Scenario:

We are continuously developing high-quality software, and one of our strategies is collaborating with other leading tech companies. These partnerships are instrumental in helping us stay at the forefront of innovation.

Response:

That's right. Our long-term relationship with our software vendor has played a significant role in ensuring consistent innovation.