Strategic partnerships are collaborative agreements between two or more organizations that aim to achieve mutual benefits. These partnerships often involve sharing resources, knowledge, or expertise to enhance each party's capabilities and reach. By working together, organizations can leverage each other's strengths to create value, reduce costs, or enter new markets. Such partnerships can take various forms, including joint ventures, alliances, or co-marketing agreements. For example, a technology company might partner with a university to develop innovative solutions, while a retailer could collaborate with a manufacturer to improve supply chain efficiency. These relationships are essential for fostering growth and innovation.