Key Partners
Key Partners refer to the external organizations or individuals that a business collaborates with to achieve its objectives. These partnerships can enhance a company's capabilities, provide access to new markets, or share resources. Examples of key partners include suppliers, distributors, and strategic alliances with other companies.
In a business model, identifying Key Partners is crucial for understanding how a company can leverage relationships to create value. By working with suppliers for raw materials or distributors for product delivery, businesses can improve efficiency and reduce costs, ultimately leading to better service for their customers.