Meaning of “strategic partnership” in the English Dictionary

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"strategic partnership" in Business English

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strategic partnershipnoun [ C or U ]

uk us MANAGEMENT

an arrangement between two companies or organizations to help each other or work together, to make it easier for each of them to achieve the things they want to achieve:

A way of breaking into the market would be to form a strategic partnership with a large player that is already successful in the sector.

(Definition of “strategic partnership” from the Cambridge Business English Dictionary © Cambridge University Press)