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 business development, 'partnership development' involves identifying and fostering relationships with other businesses to create mutually beneficial partnerships. A business development manager might say, 'Our focus on partnership development has led to strategic alliances that expand our market reach and enhance our product offerings.'

Practice Scenarios

Tech

Scenario:

Integrating AI into our software could revolutionize its functionality and make it more appealing to our target users.

Response:

Partnership development with a leading AI company could leverage our software's capabilities significantly.

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?