The Key Partnerships describes the network of suppliers and partners that make a business model work. These are institutions or individuals that have resources that you don’t have or that perform activities better, faster or cheaper than you. Partnerships can generally be categorised into: strategic alliances between non-competitors, strategic partnership between competitors, joint ventures to develop new businesses, and buyer-supplier relationships. The importance of forming partnerships is evident, but partnership management also requires time, so only create partnerships that clearly add value to your business model.
Abbreviation
KP