Types of Strategic Business Relationships

A STRATEGIC RELATIONSHIP is one where two or more parties or groups are working together to achieve a goal that they are unable to achieve alone, and where the outcome is important to long-term success.

They include:

Strategic Alliances
Joint Ventures
Outsourcing
Consortium
Strategic Customer and Supplier Relationships
Collaborative Venture
Internal business relationships, e.g. Inter-departmental or between Company and Employee

Strategic relationships also require an investment

of time,
energy,
money,
people and other resources.

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