The Enterprise and Economic Development Glossary a resource of the .network library

ally network:

... a group of contacts supporting, for example, economic development having members engaged informally or formally in information exchanges of mutual benefit. An ally network is an alliance sustained by networking or it may an association within which various alliances or formed and maintained. Such a network serving businesses in an area may come together under chamber of commerce sponsorship for purposes of exchanging information about opportunities as well as emerging problems and finding solutions.

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The Enterprise and Economic Development Glossary a resource of the .network library

partners:

... a group of stakeholders acknowledged as supporting an endeavor; a group that sponsors an endeavor, program, or enterprise. A partner metaphorically dances with an organization or program in which it is a stakeholder without being in control based on the definition of partners as ... two people dancing together. Partners contribute in capital and/or resources.

A partnership network is an ally network in which people do something together, including exchanging information. Members of the network typically give each other credit for what they do.

Partnership, as in a business partnership, means a ... legal contract entered into by two or more persons in which each agrees to furnish a part of the capital and labor for a business enterprise, and by which each shares a fixed proportion of profits and losses (source of quote). See the definition of business enterprise.

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The Enterprise and Economic Development Glossary a resource of the .network library

stakeholder:

... a person or group having a share or interest, as in an enterprise, whether granted as a fixed right or based on an assumption or acknowledgement; a person or group that invests enough time, resources, and/or capital is an endeavor so as to be able to exercise power and/or control to some extent; one who either owns a self-legitimized share in an enterprise or a claim to a share backed by force of law; an individual or group having a de facto influence or control, as opposed an owner's right, over the actions, objectives, and policies of an operation.

Customers have a de facto influence on the future of an enterprise operation based on whether they continue to accept its products or services. They are stakeholders if they have long-term contracts. The definition of customer speak becomes a definition of stakeholder speak.

Other examples of stakeholders are suppliers, creditors and venture capitalists. Operations that benefit directly from economic development, such as electrical utilities and commercial and industrial real estate firms are stakeholders in the process. Therefore, you will often find them involved with partnership networks. A place seeking economic development is a stakeholder in its local area economy and; therefore, has to show a pro-business attitude to prospects. That attitude has to be backed up by owners of existing businesses and industries.

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FYI: definition of content="... definition of ally network" />
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