Strategic Partnership Manager

Overview

Who is Strategic Partnership Manager?

Individuals responsible for cultivating and maintaining relationships among business partners while also developing strategies to increase revenue for their companies is called Strategic partnership managers. The employment opportunities are mostly found in corporate firms, educational institutions, and non-profit organizations generally work alone, or may serve to a head of a department of strategic partnership. A bachelor’s degree in management, business, administration, communications is generally required to become a strategic partnership manager. This field is one of the interesting titles to emerge as part of the modern business economy. The role of a strategic partner is always in flux, defined uniquely from organization to organization.

Typical day at work

What does Strategic Partnership Manager do?

Strategic partnership managers are in responsible of establishing and maintaining relationships with business partners, as well as developing revenue-generating projects for their companies. These executives work mostly for corporations, educational institutions, and non-profit organisations; while they usually work alone, they can also be the head of a strategic partnership department. Those in this position have a wide range of tasks, which may vary regularly in some roles. Establishing and cultivating business connections, developing procedures that enable partnerships to thrive, and recognising new partnership opportunities are all examples of this. They concentrate on improving current partnerships and collaborations, as well as attending workshops and expanding their professional networks.

• To build and maintain long-lasting, strong relationships.
• Customer stakeholders and executive sponsors, to develop a trusted advisor relationship with key accounts.
• To Develop and identify areas of improvement to exceed sales expectations, new business with existing clients, forecast and track key metrics, prepare reports on account status.
• To manage vendors and relationships with customers to build the brand and the business.
• Targeted outreach and sound project planning will help to expand the organization's network.
• To develop and maintain business relationships, designing policies, to identify opportunities for new partnerships, strengthening existing collaborations and relationships, attending workshops, building professional networks, interpreting laws, to monitor changes in legal regulations, to develop and execute plans for strategic growth, to conduct market research, negotiating contracts with strategic partners and to attend meetings.

Abilities & aptitude needed

What are the skills, abilities & aptitude needed to become Strategic Partnership Manager?

• An aspirant to become a strategic partnership manager, must possess Strong innovation skills, excellent communication abilities, highly organized, strong work ethic, good interpersonal skills, meticulous attention to detail, computer literate, proactive nature.
• The individual must also possess the ability to review and analyze complex contracts, ability to distill complex issues into structured frameworks and concrete plans, strong organizational,  prioritization skills, attention to detail, time management, ability to thrive in a fast-paced environment, excellent interpersonal skills, entrepreneurial spirit and sense of humor, comfort with ambiguity and high analytical skills.

Courses

Which course I can pursue?