Strategic partnership

Strategic partnership is an association based on common objectives. A mutually beneficial relationship based on the common goals of people or organizations.

Definitions

According to the HRBoK Guide,

Strategic partnership. An association based on common objectives. A mutually beneficial relationship based on the common goals of people or organizations.

According to the Strategic Management by Parnell (4th edition),

Strategic Alliances. A corporate-level growth strategy in which two or more firms agree to share the costs, risks, and benefits associated with pursuing new business opportunities. Strategic alliances are often referred to as partnerships.