The Key Partnerships Building Block describes the network of suppliers and partners that make the business model work
Companies forge partnerships for many reasons, and partnerships are becoming a cornerstone of many business models. Companies create alliances to optimize their business models, reduce risk, or acquire resources.
Answer these questions in order to form your Key Partnerships Building Block:
- Who are our Key Partners?
- Who are our key suppliers?
- Which Key Resources are acquiring from partners?
- Which key activities do partners perform?
Now go out there apply these strategies, create value, understand your customers need and keep repeating till you grow your business.
Thank you for reading and stay tuned for more!
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