partnerships

Vocabulary Word

Definition

A 'partnership' is an official agreement between two or more parties to work together. They share the profits, risks, and contributions in running a business or project.

Examples in Different Contexts

In sustainable development, 'partnerships' between governments, private sector, and civil society are essential for achieving sustainable goals. A sustainability officer might state, 'Partnerships are at the heart of our strategy to promote renewable energy and reduce carbon emissions.'

Practice Scenarios

Tech

Scenario:

Omega Systems are experts in cloud storage solutions. Their technology could benefit our new app hugely.

Response:

Creating a partnership with Omega Systems can definitely enhance our app's functionalities. Let's discuss this further.

Impact

Scenario:

The new clean water initiative by Waves Foundation might align with our mission. It would be great if we can amplify their impact.

Response:

A partnership with Waves Foundation sounds intriguing. It might enable us to have a wider clean water impact.