Meaning ● Strategic Business Partnerships for Small and Medium-sized Businesses (SMBs) signify a collaborative agreement with external entities to achieve mutual business objectives, primarily focused on accelerating growth, automating processes, and implementing innovative solutions.
These alliances often involve sharing resources, expertise, or market access to augment the SMB’s capabilities and competitiveness. ● Successful partnerships are typically formalized via contractual agreements, specifying obligations, deliverables, and revenue sharing models.
