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Strategic = High Level Description of a Detailed Process Approach
Integration = One (or more) element in a process complete(s) and add(s) Value to the other elements
Partnerships = One of more entities (parties) share responsibility in win-loss of an activity (business)
Agreement = When parties confirm one (or more) term(s) or condition(s) are defined and well described
The term in general is clearly understood by this example:
Company A manufactures cars as end product. Yet, they do not manufacture the car engine.
Company B manufactures car engine and no complete car as end product.
Company A and Company B agreed to share vision and connect their both Supply Chains data to enhance the output by decreasing stock, lead time, transportation and claims. They STRATEGICALLY connected their ERPs so Company’s A Production Plan directly generates Company’s B Production Plan as if B was part of A!
The example could be extended and developed if reached Merger/Acquisition
Strategic = High Level Description of a Detailed Process
Integration = One element in a process complete and add Value to the other element
Partnerships = One of more entities share responsibility in win-loss of an activity
Agreement = When entities confirm one term or condition is defined and well described
A strategic partnership is a mutually beneficial agreement between two parties/organizations that are not directly in competition at least the for the purpose of the partnership.
An integration partnership, which have become exceedingly common in the digital world, extends the concept to integrating either operations or products themselves to create one seamless process or product. There are cases where vendors integrate to customers, organizations to banks and hardware vendors integrate the product of partners in there final/combined product
Agreement is basically taking stand on some specific decision and follow it.
partnerships done by two or more parties on the specific condition for some specific moto all together.
strategic is based on specific moto and target to achieve it.
integration is done for fulfilling the target with the help of other.
strategic integration partnerships agreement is the agreement done for achieving target.
E.g. For two wheeler manufacture Bajaj they only use to assemble two wheeler at there end wile they are taking all their two wheeler part from different vendors like Verroc,Endurance,etc.
It is called as strategic integration partnerships agreement.
Agreement is nothing but consensus ad idem of the parties with out there being any coersion, undue influence, fraud.
so the parties consenting to the terms and conditions to work on their integrated strategies to help succeed in the business in partnerships.
I extended the above by applying my basics of law of contracts and common sense to answer the above questions. Hope It has a point. Thanks for the invitation.
