1. A framework of thought, a model, pattern or example used to understand and explain certain aspects of reality. 2. Includes a common set of beliefs, theories, concepts, practices, values, assumptions and agreements that constitute a way of viewing reality. 3. A model.
An irreversible shift from the prevailing paradigm to a new paradigm that operates by a different framework of thought, set of beliefs, theories, concepts, practices, values, assumptions and agreements that drive behavior and produces results. For example when the shift from earth to the sun as the center of solar system transformed the way people related to their place in the universe. In business and investing, a new paradigm is a new way of doing things that have a huge effect on business. New technology completely changes the way people think about or interact with something.
An arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their exposure. A partnership may result in issuing and holding equity or may be only governed by a contract. Partnership agreements may be formal, written or unwritten and even unspoken (tacit).