Strategic Partnership Manager

Managers of strategic partnerships are accountable to maintain and develop relations with business partners, while creating strategies to boost the revenue of their businesses. They are employed mostly by large corporations as well as educational institutions and non-profit organizations. While they typically work on their own however, they can also work as the director of a department of strategic partnership.

The people in this position are responsible for various responsibilities that are, in certain positions, can change on a regular schedule. They are responsible for developing and maintaining business relationships, and creating policies that allow partnerships to flourish and identifying opportunities for new partnerships; enhancing existing collaborations and relationships by attending workshops, building network of professionals; enforce legally binding contracts; interpreting the laws in contracts for senior management and monitoring changes to laws and regulations; preparing and implementing plans to grow strategically conducting market research; analyzing reports on business metrics and contract negotiations with strategic partners and attending meetings as representatives for their companies.

A bachelor's degree in business, administration/management, communications, or a related field is generally required for this position, and applicants should be strategic thinkers with amiable personalities, positive outlooks, and expert communication skills. Skills for organization and the ability to adapt quickly in a hectic work environment are also essential.

As a Strategic Partnership Manager with 6-9 years of experience in India, here are some main responsibilities:

• Identifying and establishing collaborative relationships with key stakeholders in order to drive business growth and achieve organizational objectives.
• Leading negotiations and contract discussions to secure mutually beneficial agreements with strategic partners.
• Serving as the main point of contact for strategic partners, ensuring effective communication, and fostering long-term relationships.
• Tracking key performance metrics and conducting regular assessments to measure the success of strategic partnerships and make necessary adjustments.

Major educational qualifications required for Strategic Partnership Manager are:

• Degree or diploma in Sales or Marketing or Business Administration or a related area.
• Previous experience in the same field and have a record of accomplishment in creating strategic alliances.
• Worked with senior stakeholders to come up with winning solutions.

The role of a Strategic Partnership Manager is vital in building and maintaining strategic alliances. For individuals with 6-9 years of experience in India, here are four alternative roles to consider:

• Business Development Manager: A position focused on identifying new business opportunities, fostering client relationships, and driving revenue growth.
• Account Manager: A role that involves managing and nurturing existing client accounts, ensuring customer satisfaction, and maximizing account profitability.
• Corporate Strategy Manager: A position centered around analyzing market trends, developing long-term corporate strategies, and exploring potential partnerships and acquisitions.
• Sales Operations Manager: A role that encompasses optimizing sales processes, implementing effective sales strategies, and evaluating sales performance metrics.

The job of a Strategic Partnership Manager in India is expected to witness significant growth in the market. Over the past 10 years, there has been an increasing demand for professionals in this role, with a steady upward trend. Based on Google data, the projected growth for this position in the next decade remains highly favorable. The job market anticipates a surge in employment opportunities as companies increasingly recognize the value of strategic partnerships. Therefore, individuals pursuing a career as a Strategic Partnership Manager can expect a promising and thriving job market with ample opportunities for growth.