Collaborative strategy refers to a planning approach where multiple stakeholders work together to achieve common goals. This method emphasizes teamwork, communication, and shared resources, allowing participants to leverage each other's strengths and expertise. It is often used in business, community projects, and even international relations to foster cooperation and innovation. In a collaborative strategy, participants may include businesses, government agencies, and non-profit organizations. By pooling their knowledge and resources, they can address complex challenges more effectively than they could individually. This approach not only enhances problem-solving but also builds trust and relationships among the involved parties.