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Key Partnerships

Innovation and Business Model


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Unit Video

Unit Summary

The two key partnerships in a business:
  1. Alliances
  2. Suppliers

Build Your Action Plan

In this video will help you determine the key partnerships that you need to have in place in your business.
Forming strong partnerships with your ecosystem is a great tool to help in expanding your reach and making sure that your business is delivering its promise to clients.
Some essential partnerships in a business include:
  1. Alliances these are entities that can complement your offerings or your reach to your clients – these can include joint ventures or general partnership agreement
  2. Suppliers are essential in providing you non-core business elements that allow you to focus on your core areas of strength
Continuous evaluation of the available partnership options is essential to stay abreast of the latest developments.

If we are together nothing is impossible. If we are divided all will fail. Winston Churchill