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Capability Directory

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Creating and managing strategic partnerships

Creating and managing strategic partnerships


Related Terms:

Creating and managing strategic partnerships refers to the process of identifying and building relationships with external organizations to achieve business goals. This capability involves identifying potential partners, negotiating terms of partnership, and managing the ongoing relationship to ensure mutual success.

Beginner competence definition

At the beginner level, individuals understand the importance of strategic partnerships in achieving business goals. They can identify potential partners and conduct basic research to evaluate their capabilities and compatibility with the organization’s goals. They may also understand the basic principles of negotiation and be able to develop partnership proposals.

Intermediate competence definition

At the intermediate level, individuals have experience in developing and managing strategic partnerships. They can evaluate potential partners using a structured framework and develop partnership proposals that align with the organization’s goals. They can also negotiate complex agreements and manage the ongoing partnership relationship to ensure success.

Advanced competence definition

At the advanced level, individuals are experts in creating and managing strategic partnerships. They have experience in developing innovative partnership models that create value for both organizations. They should also be able to manage complex negotiations and build strong, long-lasting relationships with partners. Additionally, they also have experience in measuring the impact of strategic partnerships and using those insights to optimize the partnership over time.

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