relationship-management

Vocabulary Word

Definition

In simple terms, 'relationship-management' is the skill and practice of managing interactions with others. It could mean maintaining strong relationships with clients or fostering positive dynamics within a team. 'Relationship management' is essential for business success.

Examples in Different Contexts

Relationship management in business development involves building and maintaining strong relationships with clients, partners, and stakeholders to drive growth. A business development manager might say, 'Effective relationship management is key to long-term success, as it fosters trust and loyalty with our partners.'

Practice Scenarios

Business

Scenario:

Our business relies heavily on repeat clients. It's paramount we deliver value that not only meets but exceeds their expectations.

Response:

I agree. And strong relationship-management practices could ensure we exceed client expectations and foster loyalty.

Academics

Scenario:

Our upcoming research project requires collaborations with other institutions. We need to develop a communication strategy that fosters trust and cooperation.

Response:

Excellent point. Through effective relationship management, we can build trust and encourage productive collaborations.