Strategic Partnership Manager

Strategic partnership managers are responsible for cultivating and maintaining relationships among business partners while also developing strategies to increase revenue for their companies. These managers are employed primarily by corporate firms, educational institutions, and non-profit organizations; while they generally work alone, they may also serve as a head of a department of strategic partnership.

Those in this position have a variety of responsibilities which, in some positions, may change on a regular basis. These include: developing and maintaining business relationships and designing policies which allow partnerships to thrive; identifying opportunities for new partnerships; strengthening existing relationships and collaborations; attending workshops; building professional networks; enforcing legally-binding contracts; interpreting laws involved in contracts for senior managers; monitoring changes in legal regulations; developing and executing plans for strategic growth; conducting market research; synthesizing reports of business metrics; negotiating contracts with strategic partners; and attending meetings to serve as representatives of their organizations.

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. Organizational skills and the ability to thrive in a fast-paced environment are also beneficial.

As a Strategic Partnership Manager with 6-9 years of experience in Singapore, your key responsibilities include:

• Develop and maintain strategic partnerships with key stakeholders, fostering collaboration and mutual growth. Identify and initiate new partnership opportunities while strengthening existing relationships.
• Drive revenue growth by leveraging strategic partnerships to achieve sales targets and revenue objectives. Collaborate with cross-functional teams to develop and execute joint marketing and sales initiatives.
• Lead contract negotiations, ensuring favorable terms and conditions for the organization and its partners. Conduct market research and analysis to identify potential strategic partnership opportunities.
• Monitor and analyze market trends, competitor activities, and industry developments to identify growth opportunities and proactively adapt partnership strategies.

For a Strategic Partnership Manager job role, the following qualifications are required:

• Strong business acumen and strategic thinking abilities to identify and assess potential partnership opportunities, aligning them with the company's objectives and vision.
• Excellent negotiation and relationship-building skills to engage with potential partners, fostering collaborative and mutually beneficial partnerships.
• Exceptional communication and presentation skills to effectively present ideas and proposals, influencing stakeholders and key decision-makers.
• Proven track record in driving successful strategic partnerships, demonstrating the ability to manage complex projects, negotiate contracts, and drive results.

The role of a Strategic Partnership Manager is essential in driving collaborations and maximizing business opportunities. With 6-9 years of experience in Singapore, professionals in this field can consider pursuing various alternative roles. Here are following intriguing options worth exploring:

• Business Development Manager: A role involving identifying and pursuing new business opportunities, forging partnerships, and expanding market presence.
• Sales Manager: A position focused on driving revenue growth, managing sales teams, and building strong customer relationships.
• Marketing Manager: A role centered around developing and implementing strategic marketing plans, conducting market research, and enhancing brand visibility.
• Product Manager: A position involving overseeing product development, conducting market analysis, and driving product strategies to meet customer needs and increase market share.

The Strategic Partnership Manager role in Singapore is predicted to experience significant growth in the market. Over the past 10 years, the job has gradually evolved to becoming an essential component of business development strategies. The increasing demand for building relationships with external stakeholders, such as business partners and clients, suggests that this trend will continue. With Singapore's flourishing economy, the number of employment opportunities in this field is expected to grow considerably in the future. Google data supports this projection, reflecting the rising importance of strategic partnerships in driving business success.