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 ]


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)