which of the following refers to strategic relationship management
managing change process to achieve strategic growth for a profit seeking organization
building and maintaining ongoing contact between parties that is beneficial to both
avoiding conflict between direct stakeholders and indirect stakeholders
ending relationship between parties that have conflicting needs and interests
Building and maintaining ongoing contact between parties that is beneficial to both
The term that refers to strategic relationship management is "building and maintaining ongoing contact between parties that is beneficial to both." This involves establishing and nurturing relationships with various stakeholders to achieve mutual benefits and drive strategic growth for a profit-seeking organization. It focuses on creating and sustaining positive interactions, partnerships, and collaborations to enhance overall business outcomes.
The option that refers to strategic relationship management is "building and maintaining ongoing contact between parties that is beneficial to both."
To arrive at this answer, you can analyze the given options and identify which one aligns with the concept of strategic relationship management.
First, let's break down the other options:
1. Managing change process to achieve strategic growth for a profit-seeking organization: This option seems to be referring to change management within an organization and its growth strategy, but it does not explicitly mention relationship management.
2. Avoiding conflict between direct stakeholders and indirect stakeholders: This option focuses on conflict resolution, which is important but not synonymous with relationship management.
3. Ending the relationship between parties that have conflicting needs and interests: This option talks about ending relationships rather than building and maintaining them.
Therefore, the option "building and maintaining ongoing contact between parties that is beneficial to both" best describes strategic relationship management. This concept involves the strategic management of relationships with various stakeholders to ensure mutual benefits and achieve common goals.
In summary, you can use a process of elimination by assessing each option against the given question to identify the most suitable answer.