partnership-development

Vocabulary Word

Definition

'Partnership development' means creating and building relationships with other businesses or individuals that are mutually beneficial. It's all about working together for shared success.

Examples in Different Contexts

In international relations, 'partnership development' refers to the process of building alliances between countries or international organizations to address global challenges. A diplomat might state, 'Partnership development is key to fostering cooperation on issues such as climate change, trade, and security.'

Practice Scenarios

Business

Scenario:

Our market positioning could do with an enhancement and a partnership might be just the ticket.

Response:

Should we consider partnership development with a company offering complementary products?

Academic

Scenario:

The exploration of interdisciplinary research potentials is a must for further enrichment of our current research projects.

Response:

Engaging in partnership development with other university departments could broaden our research perspective.