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External partnerships have evolved from simple cost-saving measures to powerful drivers of organizational performance. High-performing organizations now view partnerships as strategic investments, with mature programs driving 2x faster revenue growth compared to less-developed initiatives. For example, Sephora’s partnership ecosystem contributed to a 3x revenue increase by integrating complementary capabilit
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es. This article provides HR leaders with a practical framework for maximizing partnership value through strategic decisions, cross-functional collaboration, and performance measurement to transform external relationships into catalysts for team productivity and business gro
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h. Image by katemangostar on Free
pik 2. The Evolution of External Partnerships in HR 2.1 From Cost Center to